How heated is the Travis County real estate market? Annually, the cost of a home increased.
Single-family homes in Travis County sold for an average of $489,375 in November. A USA TODAY Network analysis based on data from Realtor.com shows an increase of 16.1% compared to November 2020.
Over the course of a year, the number of homes sold decreased by 12.1%. In the month of November, there were 738 home sales in the entire county. There were just 840 sales of single-family homes in the same span of time in 2013.
The recording and collection of real estate deals might take weeks or months. The most recent data provided by Realtor.com to the USA TODAY Network is shown here.
Sales of condominiums and townhouses in November totaled $388,906. This reflects a 5.1% year-over-year growth. Travis County saw 219 homes sold, a decrease of 24.7% from the previous year.
How hot is the real estate market in Travis County, Texas, right now?
In addition to USA TODAY, Realtor.com provides additional statistics on your area’s housing market.
The top 10% of properties sold for at least $656,683, an increase of 4.7% over the previous year.
Three residences sold for greater than $1 million in November: In total, there are three single-family residences.
This analysis uses the median home selling price instead of the average home sale price because experts believe the median provides a more accurate picture of the market’s current state.
The average price is calculated by taking the sum of the prices of all homes sold and dividing it by the number of homes sold. A single low or high price can distort this metric.