Austin Real Estate Market – 2009 MLS Area Breakdown

The 2009 Austin real estate market saw most MLS Area sales stats decline somewhat. In fact, 2008 was a stronger year than 2009 on most metrics, though 2009 overall is not what anyone would term a “bad” year for Austin real estate, especially when compared to other U.S. real estate markets. Here is a summary of the breakdown:

Of the 50 Austin MLS areas tracked in the report below, 10 experienced an increase in average sold price. That’s only 20% of MLS areas enjoying a price increase compared to 64% of the Austin MLS areas with rising average prices in 2008.

Of the 50 Austin MLS areas tracked, 11 experienced an increase in median sold price. That’s 22% for 2009 compared to 60% of the Austin MLS areas with rising median sold prices in 2008.

Of the 50 Austin MLS areas tracked, only one (area 5E) experienced an increase in average sold price per square foot. That’s only 2% compared to 55% of the Austin MLS areas with rising sold prices per square foot in 2008.

Of the 50 Austin MLS areas tracked, NONE experienced an increase in ALL THREE of the above metrics – average, median and per sqft sold prices. That’s 0% for 2009 compared to 40% of the Austin MLS areas with rising metrics in the main three performance measurements for 2008.

Check the chart below to see how your area did.


Austin Real Estate Sales by MLS Area – Full Year 2009/2008

Houses only. Condos, Duplexes, etc not included (except Downtown area “DT”)









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
All Areas 2009 18,560 $246,032 $190,000 2,178 $112.96 75 47

2008 19,852 $252,087 $192,000 2,148 $117.36 67 45

Change -6.51% -2.40% -1.04% 1.40% -3.75% 11.94% 4.44%









MLS Area YTD-Apr # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1A 2009 167 $463,190 $422,500 2,704 $171.30 83 53

2008 201 $499,216 $465,250 2,731 $182.80 62 40

Change -16.92% -7.22% -9.19% -0.99% -6.29% 33.87% 32.50%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1B 2009 251 $655,375 $550,000 2,601 $251.97 109 81

2008 230 $711,111 $564,500 2,416 $294.33 54 37

Change 9.13% -7.84% -2.57% 7.66% -14.39% 101.85% 118.92%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1N 2009 421 $293,840 $260,000 2,165 $135.72 53 33

2008 421 $293,711 $265,000 2,125 $138.22 44 24

Change 0.00% 0.04% -1.89% 1.88% -1.80% 20.45% 37.50%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2 2009 339 $252,694 $249,000 1,421 $177.83 55 34

2008 316 $264,025 $255,050 1,438 $183.61 51 34

Change 7.28% -4.29% -2.37% -1.18% -3.15% 7.84% 0.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2N 2009 255 $149,650 $142,500 1,543 $96.99 51 28

2008 279 $153,720 $147,850 1,551 $99.11 49 31

Change -8.60% -2.65% -3.62% -0.52% -2.14% 4.08% -9.68%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3 2009 319 $226,165 $208,000 1,596 $141.71 79 54

2008 287 $225,352 $213,000 1,545 $145.86 62 43

Change 11.15% 0.36% -2.35% 3.30% -2.85% 27.42% 25.58%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3E 2009 129 $144,117 $125,000 1,519 $94.88 89 49

2008 137 $156,843 $145,000 1,602 $97.90 69 48

Change -5.84% -8.11% -13.79% -5.18% -3.09% 28.99% 2.08%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
4 2009 241 $351,127 $316,000 1,557 $225.52 72 50

2008 275 $362,709 $330,000 1,536 $236.14 58 41

Change -12.36% -3.19% -4.24% 1.37% -4.50% 24.14% 21.95%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5 2009 234 $175,347 $155,050 1,231 $142.44 68 48

2008 276 $187,634 $172,000 1,221 $153.67 67 48

Change -15.22% -6.55% -9.85% 0.82% -7.31% 1.49% 0.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5E 2009 106 $107,610 $108,225 1,427 $75.41 59 41

2008 84 $110,940 $109,250 1,643 $67.52 49 36

Change 26.19% -3.00% -0.94% -13.15% 11.68% 20.41% 13.89%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
6 2009 166 $367,887 $325,000 1,574 $233.73 77 48

2008 198 $359,432 $330,850 1,506 $238.67 66 41

Change -16.16% 2.35% -1.77% 4.52% -2.07% 16.67% 17.07%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
7 2009 77 $423,495 $393,000 1,775 $238.59 75 52

2008 105 $439,809 $375,000 1,798 $244.61 57 35

Change -26.67% -3.71% 4.80% -1.28% -2.46% 31.58% 49%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8E 2009 183 $865,384 $625,000 3,554 $243.50 97 63

2008 180 $852,894 $695,000 3,320 $256.90 77 45

Change 1.67% 1.46% -10.07% 7.05% -5.22% 25.97% 40%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8W 2009 226 $631,043 $490,000 3,321 $190.02 87 61

2008 225 $631,577 $475,000 3,293 $191.79 78 50

Change 0.44% -0.08% 3.16% 0.85% -0.93% 11.54% 22%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
9 2009 54 $149,578 $142,500 1,504 $99.45 67 44

2008 49 $185,776 $169,265 1,506 $123.36 78 50

Change 10.20% -19.48% -15.81% -0.13% -19.38% -14.10% -12%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10N 2009 268 $185,973 $175,000 1,411 $131.80 47 24

2008 263 $193,438 $176,500 1,465 $132.04 45 23

Change 1.90% -3.86% -0.85% -3.69% -0.18% 4.44% 4%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10S 2009 605 $179,249 $175,000 1,649 $108.70 43 21

2008 618 $178,465 $173,000 1,627 $109.69 41 27

Change -2.10% 0.44% 1.16% 1.35% -0.90% 4.88% -22%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
11 2009 215 $110,639 $110,000 1,447 $76.46 54 42

2008 213 $117,406 $113,000 1,418 $82.80 51 36

Change 0.94% -5.76% -2.65% 2.05% -7.65% 5.88% 17%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
BA 2009 229 $149,693 $136,000 1,787 $83.77 66 40

2008 263 $155,630 $146,000 1,833 $84.90 72 45

Change -12.93% -3.81% -6.85% -2.51% -1.34% -8.33% -11%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
BU 2009 118 $206,807 $156,250 1,959 $105.57 120 81

2008 151 $257,604 $180,000 1,907 $135.08 96 54

Change -21.85% -19.72% -13.19% 2.73% -21.85% 25.00% 50%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
BW 2009 106 $194,744 $164,000 2,165 $89.95 85 55

2008 125 $206,283 $179,900 2,135 $96.62 74 57

Change -15.20% -5.59% -8.84% 1.41% -6.90% 14.86% -4%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CC 2009 141 $112,253 $109,000 1,590 $70.60 111 93

2008 150 $125,289 $110,350 1,707 $73.40 81 50

Change -6.00% -10.40% -1.22% -6.85% -3.81% 37.04% 86%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLN 2009 928 $180,885 $154,500 2,093 $86.42 68 42

2008 1070 $177,382 $155,867 2,018 $87.90 59 38

Change -13.27% 1.97% -0.88% 3.72% -1.68% 15.25% 11%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLS 2009 967 $237,620 $214,040 2,432 $97.71 71 50

2008 986 $237,676 $217,950 2,383 $99.74 68 49

Change -1.93% -0.02% -1.79% 2.06% -2.04% 4.41% 2%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
DT 2009 131 $332,524 $275,000 1,105 $300.93 83 63
CONDOS 2008 130 $345,856 $309,050 1,126 $307.15 91 64
* only DT Change 0.77% -3.85% -11.02% -1.87% -2.03% -8.79% -2%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
EL 2009 200 $117,480 $103,375 1,826 $64.34 61 42

2008 214 $123,215 $116,421 1,778 $69.30 65 47

Change -6.54% -4.65% -11.21% 2.70% -7.16% -6.15% -11%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTE 2009 225 $159,845 $145,500 1,871 $85.43 73 53

2008 277 $164,942 $155,000 1,852 $89.06 69 46

Change -18.77% -3.09% -6.13% 1.03% -4.07% 5.80% 15%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTW 2009 727 $249,548 $215,000 2,316 $107.75 110 77

2008 788 $248,306 $214,843 2,226 $111.55 88 62

Change -7.74% 0.50% 0.07% 4.04% -3.41% 25.00% 24%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HD 2009 353 $335,456 $310,000 2,895 $115.87 111 77

2008 382 $357,733 $340,283 2,904 $123.19 101 77

Change -7.59% -6.23% -8.90% -0.31% -5.94% 9.90% 0%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HH 2009 851 $167,018 $149,900 2,040 $81.87 67 44

2008 932 $180,837 $156,000 2,106 $85.87 65 46

Change -8.69% -7.64% -3.91% -3.13% -4.65% 3.08% -4%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HU 2009 445 $151,440 $135,500 2,000 $75.72 66 44

2008 471 $152,116 $141,111 1,976 $76.98 59 41

Change -5.52% -0.44% -3.98% 1.21% -1.64% 11.86% 7%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HW 2009 179 $235,732 $192,400 1,946 $121.14 114 68

2008 206 $249,812 $199,950 2,048 $121.98 87 67

Change -13.11% -5.64% -3.78% -4.98% -0.69% 31.03% 1%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LH 2009 105 $252,451 $252,000 2,403 $105.06 100 67

2008 138 $247,513 $236,000 2,190 $113.02 91 67

Change -23.91% 2.00% 6.78% 9.73% -7.05% 9.89% 0%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LN 2009 178 $267,213 $191,525 2,099 $127.30 126 86

2008 188 $300,582 $215,500 2,123 $141.58 83 60

Change -5.32% -11.10% -11.13% -1.13% -10.08% 51.81% 43%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LS 2009 690 $440,666 $350,000 2,991 $147.33 117 82

2008 714 $471,156 $360,000 2,844 $165.67 103 76

Change -3.36% -6.47% -2.78% 5.17% -11.07% 13.59% 8%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
MA 2009 262 $121,371 $107,300 1,714 $70.81 71 37

2008 271 $143,026 $129,000 1,951 $73.31 72 42

Change -3.32% -15.14% -16.82% -12.15% -3.41% -1.39% -12%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
N 2009 334 $186,607 $184,708 1,924 $96.99 40 26

2008 360 $189,661 $184,000 1,846 $102.74 42 26

Change -7.22% -1.61% 0.38% 4.23% -5.60% -4.76% 0%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NE 2009 297 $150,645 $151,000 1,822 $82.68 59 41

2008 309 $154,397 $153,500 1,828 $84.46 55 41

Change -3.88% -2.43% -1.63% -0.33% -2.11% 7.27% 0%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NW 2009 632 $243,801 $211,260 2,236 $109.03 51 31

2008 570 $252,120 $211,000 2,250 $112.05 44 25

Change 10.88% -3.30% 0.12% -0.62% -2.69% 15.91% 24%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
PF 2009 1133 $164,462 $156,000 2,106 $78.09 60 37

2008 1219 $166,265 $155,212 2,027 $82.03 63 44

Change -7.05% -1.08% 0.51% 3.90% -4.79% -4.76% -16%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RN 2009 403 $484,838 $400,000 3,471 $139.68 102 77

2008 453 $531,214 $408,000 3,363 $157.96 95 71

Change -11.04% -8.73% -1.96% 3.21% -11.57% 7.37% 8%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRE 2009 1137 $187,474 $162,000 2,293 $81.76 76 48

2008 1283 $186,356 $160,600 2,216 $84.10 69 47

Change -11.38% 0.60% 0.87% 3.47% -2.78% 10.14% 2%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRW 2009 1073 $230,910 $219,990 2,532 $91.20 75 52

2008 1220 $245,085 $229,000 2,566 $95.51 69 51

Change -12.05% -5.78% -3.93% -1.33% -4.52% 8.70% 2%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SC 2009 159 $176,627 $151,000 2,045 $86.37 62 41

2008 161 $183,358 $156,740 2,120 $86.49 52 34

Change -1.24% -3.67% -3.66% -3.54% -0.14% 19.23% 21%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SE 2009 131 $110,281 $105,100 1,800 $61.27 56 37

2008 169 $125,295 $126,500 1,847 $67.84 59 41

Change -22.49% -11.98% -16.92% -2.54% -9.68% -5.08% -10%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWE 2009 626 $227,273 $205,000 2,163 $105.07 65 42

2008 651 $235,616 $219,000 2,171 $108.53 52 37

Change -3.84% -3.54% -6.39% -0.37% -3.18% 25.00% 14%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWW 2009 578 $293,842 $277,000 2,550 $115.23 63 38

2008 578 $303,685 $280,000 2,505 $121.23 55 35

Change 0.00% -3.24% -1.07% 1.80% -4.95% 14.55% 9%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
UT 2009 32 $465,110 $427,500 2,029 $229.23 104 80

2008 44 $471,690 $419,750 1,866 $252.78 54 37

Change -27.27% -1.39% 1.85% 8.74% -9.32% 92.59% 116%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
W 2009 269 $473,827 $335,000 2,974 $159.32 84 52

2008 256 $453,148 $335,000 2,815 $160.98 71 49

Change 5.08% 4.56% 0.00% 5.65% -1.03% 18.31% 6%


Austin MLS map

Posted by Steve
6 years ago
Steve

Steve is a Real Estate Blogger, Husband and Dad, UT Austin Grad, Runner, Real Estate Broker and owner of Crossland Team and Crossland Real Estate in Austin TX.

Click Here to Leave a Comment Below

Brian - 6 years ago

I appreciate the map and metrics by MLS area, but I do much of my searches by zip code. Do you have a matrix showing the zip codes w/n each area or is that even possible? I could imagine zip codes weaving in and out of MLS areas.

Reply
Brian - 6 years ago

What do you expect to happen at the appraisal district this year? Surely their data will be manipulated to show that values increased. I can’t wait to see how they respond when I ask for some reduction to account for the tax credit that surely propped up these #’s.

Reply
Steve - 6 years ago

Hi Brian,

I’ve thought of using zipcodes instead of MLS Areas, but there are pros and cons.

For example, MLS Areas 6 and 7 perfectly map into the 78704 zipcode. MLS Areas 8E and 8W fit into 78746/Eanes. Using zipcodes would, in most instances, create large study areas and thus make the stats less geographically specific. This is the main reason I stick with the MLS map.
Thanks for your suggestion though.

Steve

Reply
TH - 6 years ago

Zip codes are not considered a great basis for geographical analysis, as they are in a constant state of flux. The PO is constantly adding or redefining zip codes. This may not affect core geographies like 78704 very often, but it certainly impacts the newer, outlying subdivisions. Round Rock zips have been split several times in recent memory. Rural areas with one zip code serving a large geography but few addresses have to be split as suburban development occurs and more addresses are added.

The nice thing about the MLS boundaries is that historical data is updated to reflect any definition changes. So when one MLS area is split, the new MLS area is applied to all historical listings in the newly defined area, giving you a statistically sound basis for analysis.

Reply
Steve - 6 years ago

Good points TH. The MLS areas are imperfect but I think they’re the best geographic segmenting tool we have overall. MLS areas generally observe the same boundaries (county lines, major roadways, school districts, etc) and considerations as actual real buyers whereas zipcodes are not designed with buyers in mind.

Steve

Reply
Kim - 6 years ago

Thank you for the information. I understand the MLS areas VS. ZIP but most data on the internet tend to be Zip centric. Correlate between MLS areas (region specific) and the one that is on the internet (national specific) is a challenge.

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