AUSTIN, TX —In January, the Austin-Round Rock MSA housing market experienced an overall decline in closed sales compared to January 2021 as the number of closed listings fell 5.8% to 2,295, according to the Austin Board of REALTORS® latest Central Texas Housing Report. Even with the slight downtick in closings and new listings, REALTORS® are looking forward to helping their clients navigate a busy and competitive market in 2022.
In January, median sales price rose 30.4% to $476,000, a record for the month of January—and sales dollar volume rose to 18.2% to $1,318,618,884. New listings decreased 10.1% to 2,614 as active listings also dropped 0.7% to 1,351. Pending listings increased 3.8% to 3,352, as months of inventory stayed flat at 0.4 months. Homes spent an average of 28 days on the market, down six days from January 2021.
City of Austin
In the city of Austin, the median home price rose 20.9% year over year to $550,000—a record for the month of January. Home sales decreased 10.6% to 711 sales, while sales dollar volume increased 2.6% to $465,738,899. During the same period, new listings decreased 18.3% to 784 listings, active listings dropped 37.7% to 362 listings, while pending sales also dipped 7.2% to 960 pending sales. Monthly housing inventory decreased 0.2 months year over year to 0.3 months of inventory.
Travis County
At the county level, home sales also decreased 12.3% to 1,102 sales, while sales dollar volume increased 4.8% to $726,842,604. The median price in Travis County rose 23.8% year over year to $530,000. During the same period, new listings decreased 14.7% to 1,206 listings, while active listings also dropped 25.7% to 603 listings. Pending sales declined 0.7% to 1,511 pending sales as monthly housing inventory decreased 0.1 months year over year to 0.4 months of inventory.
Williamson County
In Williamson County, January home sales rose 4.8% to 759 sales, while sales dollar volume also increased 47.1% to $380,255,891. The median price rose 42.2% to $460,000, while new listings decreased 11.8% to 833 listings. During the same period, active listings rose 29.2% to 323 listings, and pending sales also increased 6.6% to 1,087 pending sales. Housing inventory rose 0.1 months to 0.3 months of inventory.
Hays County
In Hays County, January home sales increased 1.3% to 315 sales, while sales dollar volume rose 33% to $160,833,807. The median price for homes increased 30.1% to $389,000. During the same period, new listings declined 1.7% to 357 listings, while active listings skyrocketed 66.3% to 266 listings. At the same time, pending sales increased 14% to 514 pending sales. Housing inventory rose 0.2 months to 0.6 months of inventory.
Bastrop County
In January, Bastrop County home sales decreased 13.2% to 99 sales, while sales dollar volume rose 24.2% to $42,359,512. The median price also skyrocketed 50.2% to $398,000. During the same period, new listings decreased 0.6% to 159 listings, while active listings increased 35.9% to 125 listings. Pending sales fell 17% to 176 pending sales and housing inventory increased 0.2 months to 1.0 months of inventory.
Caldwell County
In Caldwell County, January home sales decreased 33.3% to 20 home sales, and sales dollar volume also fell 12.7% to $7,271,553. The median home price rose 31.3% year over year to $315,000. At the same time, new listings grew 126.9% to 59 listings, while active listings dropped 26.1% to 34 listings. Pending sales soared 156% to 64 pending sales, and housing inventory decreased 0.4 months to 1.1 months of inventory.
For more information or to download the January 2022 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.