Austin Real Estate

This is “The Live Music Capital of the World”, offering more live music events than any other city in the USA. It's a city with a vibrant mix of cultures — a university town, a high tech region and an artist’s community. Read moreabout the Austin Real Estate Market below.

Real Estate for Sale in Austin TX

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Real Estate in Austin

Austin is an unconventional and eccentric city, influenced heavily by its artists. “Keep Austin Weird” is a popular slogan that proudly promotes its different lifestyle. Austin is also rated as one of the best places to live, one of the most conscientious green cities in the nation, and one of the most wired cities. In addition, the region shows an interesting mix of influences from the Spanish and German immigrants on food, music and architecture. Some famous “Austinites” would include Willie Nelson and Michael Dell.

Austin is the capital of Texas and is located in Central Texas. The eastern side of the city is flat, while the western side develops into the beautiful limestone hills of the Texas Hill Country. The town itself is built along the Colorado River, and within its boundaries are several attractive manmade lakes. The summer climate of Austin is humid and hot; winter is mild with rare snowfall. Austin enjoys 300 sunny days per year. Ice storms do occur in winter and can shut down roads and utilities.

The state is the biggest employer in town, giving Austin a stable economic base. The University of Texas in Austin is a world-renowned university. Computer science and engineering is the primary emphasis of the university, and over the decades this has spawned a high-tech industry often called “Silicon Hills”. Employers include Freescale Semiconductor, Dell, Advanced Micro Devices and Textron.

Overall, Austin has a very healthy and expanding economy with a median income of $42,689, higher than the 2000 census average of $41,994.

Austin is a young city, with an average age of 32. A census estimate in 2006 puts the population at 709,893. The region itself has 1.5 million inhabitants and is growing at the high rate of 3% annually. Austin is ethnically diverse with a large Hispanic community.

A very interesting characteristic of the Austin region is its large community of artists. This has created an enormous music culture, and the commonplace sight of artists selling their wares on city streets. The music is based in nightclubs in the 6th Street area. Various festivals such as “South by Southwest” further promote music and film. “Austin City Limits”, the ageless music television show, is filmed at the university.

Outdoor sports are generally popular in this region of 300 sunny days a year. Cycling is quite prevalent; people often ride up into the Hill Country. Lance Armstrong, an Austin native, is a big hometown hero.

The Austin real estate market has been doing well in comparison with the rest of the nation. The average sales price for a single family home in June (2007) was $191,050, up 7 percent from a year ago. Active listings (9,159) also rose, up 8 percent from last year. The average days on the market decreased 7 percent to just 55 days. The average price for a single family home is now at $259,944, up from $241,208 in June 2006.

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Austin Texas Real Estate

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from February 22nd, 2017 at 9:31am CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.