House Price Distribution in Southwest Austin

I chose a location in the heart of one of Austin’s fastest selling zipcodes – Dick Nichols park in 78749. This area had some of the shortest times on market anywhere in the US in 2008, so I wanted to check out the pricing distribution.

My method was simple – just look at 2008 sold data in the MLS for a an area within a 5 mile radius of the center of the park. The median sales price for this area in 2008 was $222, 750, with a high price of $3.4m.

This chart shows the price distribution:

As you can see, there are very few homes below the $100,000 mark, but that the largest home price band is aroun $180,000.

Useful resources:

• What’s my Austin Home Worth?
• see Austin TX Houses For Sale
  
• Contact an Austin Real Estate Agent