Austin Real Estate Market is Hot?

Posted by David Kanne on Thursday, November 7th, 2013 at 7:13pm.

Austin is the priciest home market in Texas, according to a local Home Listing Report, even though Texas is one of the most affordable states for homebuyers.

According to the newest survey, the average list price for a four-bedroom, two-bathroom home in Austin is $304,585, way out in front of the next priciest market — Flower Mound, a Dallas suburb. There the average list price is $283,829.

Aledo, a tiny enclave southwest of Fort Worth, logs in third with an average list price of $276,652. The fourth spot is Grapevine, also a Dallas suburb, at $271,315 and The Woodlands, north of Houston, is fifth at $260,480.

The cheapest market in Texas is Glenn Heights, which is between Dallas and Waxahachie, with an average list price of $132,167. Other inexpensive markets are Palestine in East Texas, Mesquite and Garland near Dallas and Anthony near El Paso.

The national rankings reflect the broad spectrum of housing pricing the U.S. where the most expensive average list price — $2,155,900 — is in the celebrity beach setting of Malibu, Calif. The rest of the top 10 most expensive markets are Newport Beach, Calif.; Saratoga, Calif.; Los Gatos, Calif.; San Francisco; Stone Harbor, N.J.; Cupertino, Calif.; Orono, Minn.; Weston, Mass.; Redwood City, Calif.

Looking for a deal? The cheapest market with an average list price of $63,729 is Cleveland. The rest of the cheapest top 10 are Garfield Heights, Ohio, near Cleveland; Flint, Mich.; Saginaw, Mich.; Jackson, Miss.; Sioux City, Iowa; Jonesboro, Ga.; Moberly, Mo.; Buffalo, N.Y.; and Kankankee, Ill.

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