We love house price data, and using it to explain to our buyers and sellers what this means for them when they look at a home for sale in Mueller. Let’s look at it from the point of view of a Mueller home buyer.
We’re going to look at data from the Austin Multiple Listing System, and we realize that this doesn’t include off-market sales – while there are very few For Sale By Owner sales in Mueller, the new home sales market at Mueller has remained significant over the ten year period that we consider, and sales of new construction homes are sometimes conducted outside of the MLS.
That’s one reason that working with a Mueller specific real estate agent gives buyers a better chance of finding out about all the homes on offer – both on and off the market. More on that later.
What to expect when you buy a home in Mueller Austin
Home Sell Alarmingly Quickly
If you look at the time on market for Mueller MLS sales, you don’t need to be a genius to see that the median time for a house to sell is short. A decade ago, there was a large number of inventory homes sitting vacant while the nation shook off a housing crash. Since then, homes have sold briskly.
Austin has been a long time sellers’ market, and Mueller even more so in the lower two thirds of the market price here.
Buyers need to remember the Scout Motto – be prepared. In practice that means get working with a Realtor, get your financial ducks in a row, and be ready to move on any home for sale quickly.
One thing I will say is that the median is just one measure of speed of selling. The average for 2019 is about 45 days on market by my calculation, compared to a median of around 10 days – this includes new and resale and homes under construction
If you take out the 20 new home sales recorded in the MLS, the resale market shows even faster sales – median time on market of 5 days with an average of 31 days.
There are a variety of Mueller home styles, often with confusing names
Mueller has always been planned as a denser than average neighborhood – more people using the available old airport real estate than in a traditional suburban neighborhood. So we have town houses and condos, but unfortunately the way they are listed in the MLS is sometimes confusing and sometimes just plain wrong.
The developer and builders have a slew of different terms for the basic house styles, so if you can’t tell your garden court home from your garden home – it is best to call a real estate agent.
There’s not often much wiggle room on listing price here
Homes achieve sales at very close to asking price these days at Mueller (on the average). So unless you can tell that a home for sale is overpriced, don’t expect a huge discount in price.
The average price of $300 / square foot has risen steadily
The price per square foot is a terrible metric and a very blunt tool to figure out how much a house is worth. A tool that ignores things like lot size, home size, number of levels, location, home style, age, finishes and so many other things.
That said, buyers often ask us for a ball park figure and $300/sqft as an average with a high of $395/sqft and a low of $196/sqft in the last 12 months at Mueller, Austin.
The Bulk of Mueller Homes are Listed for Sale between $500,000 and $900,000
There is a Mueller Affordable program on the left of the chart and then a large affordability gap. The other homes under $400,000 are a few 1,200 -1,300 sqft condos. Then after $450,000 we have town houses and yard homes for sale at Mueller.
There really is no substitute for experience, and we’ve been working at Mueller from the start – get in touch if you want to find out how to successfully navigate the real estate market here – +1 (512) 829-1351