Austin Suburbs Homes Losing Serious Money

Looking to buy a home near Austin in 2024? Austin's real estate market is always in flux, and it's crucial to stay informed about the suburbs that are worth considering. In this video, Jeremy breaks down some of the key areas around Austin, highlighting the positives and negatives for each. Here's a summary of the mentioned suburbs:

Positive Year-Over-Year Growth:

1. Lake Travis/West Lake: While not a suburb, this area is known for its desirable neighborhoods and school districts. The video mentions a slight decrease in prices year-over-year, but the quality of life and schools may still make it attractive.

2. Kyle: This suburb, south of Austin, had a median price of $349,000, making it relatively affordable compared to some other areas. With new construction and a reasonable inventory, it may be worth considering.

3. New Braunfels: New Braunfels had a year-to-date positive change in median prices. With a median price of $394,000, it might offer a good balance between affordability and growth potential.

4. Round Rock: Round Rock's decrease in prices year-over-year is mentioned in the video. However, it's essential to consider factors like job opportunities and schools in this city.

5. Taylor: Taylor has seen a significant decrease in prices year-over-year, but it has a low inventory and potential for growth due to developments in the area, like the Samsung plant.

6. Elgin: Elgin is down year-over-year but has a reasonably low inventory. Its proximity to Austin may make it an attractive option for some buyers.

7. Cedar Park: Despite a decrease in prices, Cedar Park offers a lower inventory, indicating demand for homes in the area. Schools and proximity to Austin may still make it appealing.

8. Lakeway: Lakeway's decrease in prices is noted, but it's a well-regarded area with good schools. It might be worth considering if you're looking for a higher-end suburb.

9. Leander: Leander has a lower inventory and a year-over-year decrease in prices, making it a potentially attractive option for those seeking a more affordable suburb.

10. Hutto: Hutto is experiencing growth, and its proximity to Austin may be a draw for some buyers. It's worth watching for long-term investment opportunities.

11. Manor: Manor is up 7.9% year-over-year, indicating potential for growth. Its relatively lower median price may be appealing to budget-conscious buyers.

12. Georgetown: Georgetown is up 1% year-over-year, with a reasonable inventory. Its proximity to major employers and good schools may make it a popular choice.

13. Dripping Springs: Dripping Springs has seen a positive change year-over-year and offers a mix of rural and suburban living. It's popular for its scenic beauty and schools.

14. Pflugerville: Pflugerville is experiencing growth and offers a variety of housing options.

15. Bastrop: Bastrop has seen a significant decrease in prices year-over-year. It may be appealing to those seeking a more rural lifestyle.

16. Jarrell: Jarrell has a positive change year-over-year and may offer affordable housing options.

17. Bee Cave: Bee Cave is mentioned as having the biggest jump in prices, making it a high-end option.