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Travis County's eye-popping $637,000 median home price makes it the most expensive market in Texas

Austin's housing market is the second most overpriced in the U.S., according to a study. (Mueller Austin/Facebook)

Home prices in Austin average over $200,000 higher than they did four years ago, according to a realtor.com study.


The study found that the median value listing for Travis County homes reached a staggering $637,000 in February 2022, up over $200,000 from February 2018. Austin's median housing prices are now the highest in Texas, a stat that may not come as a surprise for many prospective homebuyers—a separate study in the same time frame found that the average price for a home is 65% higher than it should be when compared to historical listing prices.

The study, which comes from researchers at Florida Atlantic University, found that Austin's housing prices are more overpriced than all but one of the top 100 U.S. housing markets.

That crown goes to Boise, Idaho, a market with similar explosive growth that has homes priced 76% higher than the study says they should be.

As the fastest-growing large metro in the country from 2010-2020, Austin has felt both immense economic growth and the growing pains of a high demand market as newcomers from across the nation flock to the growing tech hub. The metro has the most expensive housing market in Texas and boasts record-breaking housing and rental prices, a trend that is causing some to leave the city as quickly as others move in.

And while some economists say a potential plateau could be on the horizon for the nationwide housing boom, the Austin Board of Realtors expects another "big year ahead" as Austin continues to top lists as the place to be for move-ins around the world.

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