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Austin tops Texas as most expensive metro to buy a home in the state

(Pexels)

The last decade has been an expensive one for Texans, with the median price of homes soaring 76% statewide. While every Texas metro area is going up in price, only one can be crowned most expensive: Austin.


A new report from the Texas Association of Realtors showed that houses in the Lone Star State have been increasing in demand from 2011-2020, especially in the capital city.

In the last decade, median home prices in the Austin-Round Rock metro shot up by 82%, starting at $189,000 in 2011 and closing out at $343,914 in 2020. Austin was the only metro area to break an average price of $300,000, though Midland came close at $299,000.

(Texas Real Estate)


Not only are you paying a premium for the luscious Hill Country location, but you're also paying more per square foot. Between 2011 and 2020, the price per square foot went up 78%, from $115 to $205.

And you'd better be quick to close—while you might have had time to mull it over in 2011, with an average of 84 days on the market, it was a different story in 2020, as homes only spent around 45 days on the market.

Although $109.1 billion worth of homes were sold in the Austin area in the last decade, the city actually didn't see the greatest price increase. The honor of biggest price jump goes to Dallas, where median prices rose by 94%, from $149,900 to $291,000.

Austin also didn't see as dramatic a jump as other areas of the state—Sherman residents, in North Texas, saw price increases across the board. Median home prices jumped 130%, from $87,000 to $200,000; price per square foot is up by 107%, from $58 to $121, and home sales are up by 123%.

Austin originalists rejoice—moving to Texas may have become trendy over the last ten years but in terms of the four largest metros in Texas, Austin fell second to last for the number of home sales. Dallas sold nearly a million homes over the last ten years, Houston sold 811,105, Austin sold only 315,946 and closing out the list, San Antonio sold 292,322.

If you're looking for a cheaper place to settle down, take a look at Wichita Falls. With a median home price of $145,000, the savings can't be beat.

Popular

Tito's releases (not so?) ugly sweater line for the holidays, profits to charity

Tito's Handmade Vodka

Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.

There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.

All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.

Click here to see the entire collection in the Tito's store.

Mac and Cheese Fest and Free Art Exhibit
Waterloo Greenway, Good Vibrations Installation


🗓 All weekend

🎨 Creek Show Art Exhibit

Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities

All weekend 6 p.m - 10 p.m | 📍Waterloo Park

✨ Mozart's Light Show

This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.

6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703

🗓 Saturday

🥊 Kickboxing in the Park

This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.

10 a.m - 11 a.m | 📍 Metz Park

🛍 The Front Market

Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.

11 a.m - 5 p.m | 📍Ani's Day and Night - 7107 E Riverside Drive, Austin, TX 78741

🗓 Sunday

🧀 Mac and Cheese Fest

Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.

11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway