Mueller Residential Group's Principal Agents, Ashley Jackson & Kathy Sokolic, recently sat down to discuss the Q1 market stats for Mueller. Take a look!

The Summary:

Q1 2025 Overview:

• Median price for all properties: ~$850K

• 23 total sales, 25 active listings

• 2.8 months of inventory, with homes sitting an average of 83 days on market

  
  

1. Sale Price Trends:

   • Properties are closing below list price with an average sale-to-list ratio of 94%

     
     

2. Single-Family Homes (Q1):

   • Median price: $850K

   • 11 sales, 8 active listings

   • Price per sq ft: ~$457

   • 95 days on market

     
     

3. Townhomes (Q1):

   • Higher median price, influenced by newer builds (median year built: 2023)

   • Price per sq ft: ~$412

     
     

4. March 2025 - Townhomes:

   • Median price: $820K, with only 1 closed sale

   • 11 active listings and 3.3 months of inventory

   • Sale-to-list ratio: ~93.7%

     
     

5. March 2025 - Single-Family Homes:

   • 5 closed sales

   • Median price: ~$873K, median size ~2,360 sq ft

   • Price per sq ft: ~$418

   • Sale-to-list ratio: 95%, with homes averaging 39 days on market

     
     

6. 10-Year Trends:

   • Significant long-term appreciation in home values

   • However, current sale prices are now below 2021 levels, the market’s peak

     
     

7. Citywide Trends:

   • Mueller’s market mirrors wider Austin trends—other neighborhoods like Barton Hills show similar patterns

     
     

8. Market Conditions:

   • Balanced market: homes priced right and properly presented still sell

   • But average days on market have increased significantly (from ~20 to over 80)

     
     

Final Takeaway:

Despite recent price adjustments, homeownership remains a strong long-term investment in the Austin area!

If you have any questions about the real estate market in Mueller, or anywhere in central Texas, please reach out to us!