Austin real estate experienced one of the sharpest price run-ups in the country between 2020 and 2022, driven by an influx of tech workers from California and major corporate relocations including Tesla, Oracle, and Apple. Travis County home prices remain elevated by Texas standards, though the market has moderated from peak levels and buyers have regained some negotiating room compared to the frenzy years.
Costs and process for buying in Austin
Home inspections in Austin run $375-$600. Given the volume of récent construction and rapid flipping activity, buyers should use experienced inspectors who know common shortcuts taken during the building boom. Agent commissions are 5-6% of the sale price. Austin investment properties in well-positioned neighborhoods continue to generate strong long-term appreciation even as short-term rental regulations have tightened.
Escrow in Texas takes 30-45 days. Travis County property taxes are among the highest in the state and significantly impact monthly ownership costs at Austin's elevated price points. Appraisals run $450-$700. Sellers in Austin who price in line with current market conditions and invest in professional staging, typically $1,500-$4,000, consistently outperform sellers who overprice based on 2021-2022 peak comps and then face repeated price réductions.
