Austin Suburbs Prices Drop! Best Deals Here!

Austin Area Real Estate Market Update: September Trends & Opportunities

With the month of September closed out, it’s time to dive into the latest real estate data for the Austin metro area. This month brought a variety of price shifts, pending sales changes, and unique opportunities for homebuyers across popular suburbs like Georgetown, Liberty Hill, Kyle, Buda, Dripping Springs, and more. If you’ve been waiting for the right time to make a move, it’s important to look at how rising interest rates are impacting prices and inventory. Let’s break down the numbers and see which areas might offer the best opportunities for buyers right now.

Georgetown: Flat Prices, Rising Demand

Georgetown remains a stable market, with the median sales price holding at $460,000 year-over-year. Despite the flat prices, pending sales are up 36.7%, showing a surge in buyer activity. Most of the recent sales are under $500K, making Georgetown a solid option if you’re looking to purchase soon. With rates fluctuating, more buyers could re-enter the market, so now might be a good time to explore this growing area.

Liberty Hill: Prices Dropping, Opportunities Rising

Liberty Hill saw a significant drop in median sales prices, down 15% to $435,000 compared to last year. If you’re searching for long-term value, Liberty Hill might be a good market to watch. However, pending sales are down 3.4%, and homes are closing at 92% of list price, suggesting the market is cooling. This could be a good opportunity for buyers looking for deals in a previously high-demand area.

Kyle: Affordability in a Growing Suburb

Kyle, one of Austin’s rapidly growing suburbs, saw its median price drop by 7.4% year-over-year to $350,000. Homes under 400K dominate the market, so it’s a great spot if you’re looking for affordability near Austin. Pending sales are up 3.9%, showing a rebound in buyer interest, with homes closing at 93.4% of list price—an encouraging sign for those hoping to strike a good deal.

Buda: Inventory on the Rise, Prices Declining

Buda, another popular suburb, saw a modest price decline of 3.8%, with the median home price now at $379,000. Inventory remains high, making it a buyer's market with 95% of list price being the average closing rate. While pendings haven't increased here, Buda’s proximity to Austin and convenient amenities make it worth considering, especially if you're targeting homes under $400,000.

Dripping Springs: A Popular Choice with Growing Inventory

Dripping Springs, known for its beautiful scenery and top-tier schools, has seen a 6.3% decline in median home prices, now down to $600,000. The market is showing positive signs, with pending sales up and homes spending fewer days on the market. If you're looking for a high-quality lifestyle outside of Austin, now might be the right time to buy in Dripping Springs as more affordable homes are hitting the market.

Pflugerville: Price Stability, Lower Demand

Pflugerville has maintained relative price stability, with a slight decline of 5%, bringing the median price to $400,000. This area offers great schools and proximity to downtown Austin, though pending sales are down 22%. However, with plenty of inventory under $500K, it could still be a good opportunity for buyers searching in this part of the metro area.

Cedar Park: Steady Growth in a Hot Market

Cedar Park continues to be a desirable location, with a 2.1% increase in median prices year-over-year to $470,000. Although prices are still below the 2022 peak, pending sales are up 30%, indicating strong buyer interest. Cedar Park's location and amenities, combined with its relatively stable prices, make it one of the more appealing markets in the Austin metro.

Round Rock: Consistent Performance, Buyer Opportunities

Round Rock remains one of the core markets within the Austin MSA, with prices down 2.3% year-over-year to $420,000. The area offers a lot of homes under 400K, making it a solid choice for budget-conscious buyers. With 39 days on market, homes here are selling steadily, and pending sales are up, making it a good time to explore Round Rock if you're in the market.

Leander: A Growing Suburb with Rising Prices

Leander continues to attract buyers thanks to its top-rated schools and newer developments. The median price in Leander sits at $500,000, up 5.3% from last year. With plenty of options, particularly in the Crystal Falls area, pending sales are up 99.3%, showing a lot of buyer activity. If you’re looking for a growing community with solid amenities, Leander could be the right fit for you.

Hutto: Development Boom and Affordable Prices

Hutto has been a hub of new development, attracting both residential and commercial growth. The median price is $385,000, up 2.7%, making it one of the more affordable options in the metro area. However, pending sales are down 52%, indicating a potential cooling off. With new businesses moving in, Hutto remains a promising area for future growth.

If you're thinking about buying or selling in the Austin area, now is a great time to evaluate your options. The market is seeing shifts in both prices and inventory, creating opportunities for savvy buyers. As always, feel free to reach out if you need personalized insights or are ready to make your move in the Austin real estate market!