Which Area is Best to Buy A House in Austin?
Where to Buy a House in Austin: Best Neighborhoods
The Austin real estate market keeps evolving and presenting homebuyers with a variety of options. As one happy customer recently reminded us at Sparkly Maid Austin, everything starts with the right neighborhood. Here is a rundown of the best neighborhoods where you should be buying this year in Austin.
Prime Neighborhoods to Consider
Of the different places in suburban tranquility for families, Brushy Creek is top-notch. Houses are spacious, and this northern Austin neighborhood is surrounded by great parks, access to highly-ranked schools, which is why housing here is more reasonable than it is in central Austin, and that is also why first homebuyers are looking into purchasing here.
East Austin has become one of the latest hot real estate markets in the city. It is an eclectic area that merges old with new, historical charm, and recent modern developments in which property values have great potential for appreciation. Think about reserving a move-out cleaning service well in advance so your new home is perfect upon your arrival.
For the most upscale buyers and the ultimate in amenities, there is simply no getting around Westlake Hills. The spectacular views of Hill Country and highly-ranked Eanes Independent School District will keep this area firmly priced high. Before selling your current home to find yourself in this exclusive community, get ready for an advantage in selling your house using Sparkly Maid Austin services for professionals.
Market Insights and Trends
The Austin housing market is promising for buyers in 2024. Inventory is currently at 12,728 active listings, up 15.61% from 202310. This trend brings some bargaining power and choice for buyers that hasn't been seen in some time.
The median home price in Austin currently sits around $414,000, showing a slight decrease from last year. However, appreciation can be found in certain neighborhoods, with some areas showing significant growth. For example, Burnet has shown an impressive 23.8% increase in median sold prices over the past year9.
Investment Considerations
Following are some of the most important factors to consider in choosing a neighborhood:
Growth Potential: Areas like Mueller and East Austin show strong appreciation trends.
Amenities within neighborhood communities: Communities such as Brushy Creek have excellent recreational facility options.
School Quality: Both the Westlake Hills and Barton Hills are highly rated in quality of schools.
Making Your Decision
The best neighborhood will vary depending on your specific needs and budget. While South Manchaca is the most affordable neighborhood, it's also the closest to downtown. Similarly, Barton Hills offers proximity to outdoor attractions like Zilker Park. Make sure to work with local professionals who understand the unique market dynamics of Austin.
Keep in mind, a house is among the major investments any person will make. Take your time visiting various neighborhoods, learning about the amenities, and price trends. Be it the family-friendly environment of Brushy Creek or the urban thrill of East Austin, let your new neighborhood be compatible with your lifestyle and financial goals.
