What does it cost to buy in Old West Austin?

What does it cost to buy a home in Old West Austin right now?

In an ongoing series with Curbed Austin, real-estate analytics site NeighborhoodX took a close look at the range of sales asking prices per square foot in the area to find out.

The Old West Austin neighborhood is bounded by Mopac Expressway on the west, Enfield Road on the south, North Lamar Boulevard on the east, and West 35th Street on the south.

(The Clarksville neighborhood borders it on the south and is included in its neighborhood association, but because it was originally a freedman’s town and has a separate historic designation, it has very different housing stock and is excluded from this analysis.)

As the name and its inclusion in the National Register of Historic Places implies, Old West Austin is full of historic homes and comprises three subdistricts: Pemberton Heights, Old Enfield, and Brykerwoods. Many were built around the turn of or in the early 20th century.

Via Zillow

Located on a hill above Shoal Creek, it runs parallel to downtown above Enfield Road and was once considered the western edge of downtown. Today it’s a quiet, green, conveniently located area containing a mix of old, new, grand, and modest homes, including many city landmarks.

The current average asking price for Old West Austin properties is $451 per square foot. However, explains NeighborhoodX co-founder Constantine Valhouli, “no one metric tells the whole story. So we use both average price per square foot and the range of square-foot prices to get a clearer sense of the neighborhood."

The individual properties that make up that average price in Old West Austin right now range from $295 per square foot (1604 Ethridge Avenue, a large, fetching two-story on the market for $1.25M) to $850 per square foot (2505 Wooldridge Drive, an elegant Pemberton Heights home asking $4.2M).

The Wooldrige Drive property is what Valhouli calls an “outlier,” with a big price jump over next four most-expensive properties, which are clustered more closely, from $523 to $571 per square foot.