Plus, a new luxury brand is coming to Domain NORTHSIDE.
 
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Today’s Forecast

71º | Cloudy | 3% chance of rain | Sunrise 7:28 a.m. | Sunset 5:42 p.m.
 

🏡 Get your house in order

How much has Austin’s housing market changed in the last five years?
A little blue house with a red door.
Whether you’re a prospective buyer, a homeowner, or a renter, we’ve all been keeping an eye on the local housing market. | Photo by Brian Cole Photography, provided by Compass
Ask anyone who has lived in Austin for more than a few years — the cost of living in the Capital City has changed a lot.

At the center of it all has been Austin’s housing market, which has been on a roller coaster for the past several years. So, we dug through the numbers so you don’t have to.

We compiled data from 2019-2023 — focusing on January, December, and the most expensive month in between — to show how much Austin’s housing market has changed in the last half decade.
A bar graph showing the change in median home prices from 2019-2023.

Let’s take a dive into five years of data.

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Graphic by ATXtoday

All of these statistics come from the Austin Board of Realtors and focus on Travis County.

2019

While the inventory in 2019 was much healthier than that of 2021 and 2020, an average of 2.1 months is still far from a healthy housing market inventory, which is six months.

2020

Median home prices didn’t start to jump substantially until months after the COVID-19 pandemic began, breaking the $400,000 mark in July. Plus, inventory stayed at 1.9 months or lower throughout the entire year.

2021

Home prices saw a rapid rise in 2021, breaking the $500,000 mark in April. Year-over-year, the growth in price stayed above 20% or more. During this year, homes rarely stayed on the market for more than three weeks.

2022

a snapshot of 2022 showing $575,917 average median home price, 30.6 average days on market, and 1.8 average months of inventory.

Inventory struggled and prices hit an all-time high in 2022.

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Graphic by ATXtoday

The most expensive year to date to buy a house in Austin, 2022 saw homes break a median price of $600,000 for five straight months. Although the first two months of the year only had 0.3 months of inventory, that number began to rise toward the end of the year.

2023

After hitting historic highs, 2023 was the year the housing market started to stabilize. At this time, homes spent an average of 64 days on the market and hit 3.5 months of inventory.

2024

This year, experts predict that 2024 will continue along the recovery process. Inventory has reached heights that haven’t been seen in at least five years and home prices cooled for the first time in the same time frame.
Take a deeper dive
Asked

What was the median price for a single-family home in Austin in 1990?
A. $70,189
B. $72,252
C. $84,929
D. $95,158
Test your knowledge
Events
Tuesday, Jan. 30
  • Free Day of Dance | Now-Wednesday, Jan. 31 | 4-9 p.m. | DANZA, 12233 Ranch Rd. 620 NE 101, Austin | Free | Celebrate the center for the arts’ eighth year anniversary with a dance party.
  • Open Mic Night | Tuesday, Jan. 30 | 8 p.m. | Cap City Comedy Club, 11506 Century Oaks Terrace, Bldg. B., Unit #100, Austin | $5 | Hear locals test out their comedy skills onstage.
Wednesday, Jan. 31
  • Oliver Tree: “Alone In A Crowd” | Wednesday, Jan. 31 | 8 p.m. | ACL Live, 310 W. Willie Nelson Blvd., Austin | $40-$108 | Don’t miss FIDLAR and Jasiah performing at this show alongside the one-of-a-kind artist.
  • Young Dubliners | Wednesday, Jan. 31 | 8:30 p.m. | Empire Control Room & Garage, 606 E. 7th St., Austin | $20 | Jam out to this Irish-American rock band live.
Thursday, Feb. 1
  • Martínez & Foglia’s “Cruzar la Cara de la Luna” | Thursday, Feb. 1-Sunday, Feb. 4 | Times vary | The Long Center, 701 W. Riverside Dr., Austin | $39-$361 | This first-ever Mariachi opera depicts the two families of Laurentino, a Mexican man who moved to the US.
Plan Ahead
  • Sazon Latin Food Festival | Saturday, March 2-Sunday, March 3 | 11 a.m.-6 p.m. | Lulu’s, 10402 Menchaca Rd., Bldg. C, Austin | Free with RSVP | Grab the family and head to south Austin for a weekend of tasting Latin flavors, listening to music, and celebrating.
Events calendar here
Click here to have your event featured.
 
Trending

To quench, or not to quench?
Stanley water bottles lined up in a row in alternating colors.
The Stanley Quencher is Amazon’s No. 1 home and kitchen best seller. | Graphic by 6AM City
Ins for 2024: Portable hydration. According to Fast Company, Stanley — of the viral Stanley Quencher — made $750 million last year, and obsession with the water bottle is not slowing down.

But Stanley is not alone. Choose your weapon water bottle from today’s top brands:
Shop best selling bottles
News Notes
Civic
  • You have six days to register to vote in the Tuesday, March 5 primaries, so consider this your reminder. You can check your registration status online. In order to register to vote in Texas, you must fill out a paper application and mail it to your County Voter Registrar by Monday, Feb. 5.
Travel
  • Austin-Bergstrom International Airport is officially the first airport in the nation to debut an updated Tower Simulation System. The tower simulator will be used as a visual database for training and simulating traffic scenarios on ABIA’s turf. (KVUE)
Opening
  • Be our guest, because a new restaurant and beer garden called The Guest House will open Downtown next month. Located inside the Northshore Austin apartment complex, the restaurant will host nightly DJs and serve upscale dishes like dosa caviar cakes, steak, and seasonal seafood.
Shop
  • German luxury brand MCM is now open at Domain NORTHSIDE at 1700 Rock Rose Ave. #156, across from Flower Child. The shop is known for its leather goods, bags, backpacks, trunks, and accessories.
Wellness
  • The newest Nike Training and Nike Running Studios — the first of their kind to open outside of California — are set to open in Austin around Friday, March 15. The Training Studio will open at 4615 N. Lamar Blvd., Ste. #305 and the Running Studio at 2729 Perseverance Dr. (KVUE)
Number
  • $286.19. That’s how much the average Texan household spends per week on groceries. Texas is the No. 7 most expensive state to buy groceries, according to a new study, right behind Florida and New Mexico. (Austin American-Statesman)
 
Culture

📸 And the winner is...

See the winner of our 2023 Picture of the Year contest
A crowd of people standing on the Congress Avenue Bridge are silhouetted, with the sunset behind them, as the outline of hundreds of bats fly overhead.
Flight of the bats from the Congress [Ave.] Bridge. | Photo submitted by Devon A.
The votes are in for the ATXtoday 2023 Picture of the Year contest. Click below to check out the finalists, including the winner that you, our readers, voted for.

Winner: “Flight of the bats” by Devon A.

Austin’s colony of urban bats is one of the largest in the world, drawing thousands of visitors each year. Devon’s depiction of the local phenomenon earned 38.6% of votes to clinch the top spot in our contest.

Thanks for everyone’s submissions and don’t forget to keep those cameras at the ready for next year’s contest.
See the finalists
The Buy

The Buy 1.30.24 (Affiliate + Six & Main)
Something for your kitchen from Coco Cadeaux’s collection. We’re loving: this charcuterie board cheat sheet, perfect for Super Bowl parties.
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The Wrap
 
City Editor Figi poses with an adorable goat.

Today’s edition by:
Figi
From the editor
I saw Oliver Tree at ACL in 2022, and let me tell you, that guy puts on a show. My favorite part was when he left the stage crying — actually, he did a lot of crying — a common joke he does while performing.
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