clock menu more-arrow no yes mobile

Filed under:

Are home prices up in Central East Austin? Yes and no.

A year-over-year comparison of cost per square foot

East 11th Street Mosaid
East 11th Street Mosaic in Central East Austin
Robertson Hill NA/Facebook

What does it cost to buy a home Central East Austin right now? And how does that compare to last year’s prices?

Real-estate analytics site NeighborhoodX has been taking a close look at the range of sales asking prices—per square foot, rather than by total price—in various Austin neighborhoods, and their stats can answer both of those questions.

As the city defines it for planning purposes, Central East Austin comprises several smaller neighborhoods; it’s bounded by I-35 on the west, Chicon Street/Northwestern Avenue on the east, East Seventh Street on the south, and the East Martin Luther King Boulevard on the the north.

The properties reflect the different housing stock of a neighborhood that continues to undergo significant transition—a mix of cottages and a larger, century-old homes, along with new townhouse and condo development.

Of note: these analyses exclude foreclosures, short sales, and income and age-restricted properties, as well as properties primarily positioned as development sites.

1307 Waller Street in Swede Hill, Central East Austin
Via Redfin

The current average asking price in the neighborhood is $350 per square foot, ranging from $271 per square foot (1007 Juniper Street, a new townhouse asking $759,500) to $576 per square foot (a condo in the also-new Tyndall at Robertson Hill).

In January 2017, the average asking price was $381 per square foot, with the range being $142-$521 per square foot.

Both the average asking price and those at the upper end of the market have declined slightly year-over-year, NeighborhoodX Director of Research Constantine Valhouli noted, the lower end of the market rose from $142 to $271 per square foot—”a dramatic increase of 90.1%.”