Home prices in one North Texas county are now higher than in Austin area

Households in Collin County are now more costly than those in the Austin location.

The median sale selling price of houses in Collin County rose 37% calendar year about year to $540,000 in March, according to the most up-to-date numbers from the Collin County Association of Realtors.

Which is $65,000 far more than just a thirty day period prior.

Meanwhile, charges in the Austin space rose to $521,100, according to the Austin Board of Realtors.

Continue to, the regional Realtors association touts Collin County’s home prices as a draw for households. Collin County is property to some of the nation’s fastest-expanding communities, which includes Frisco, McKinney, Prosper and Celina.

“The base line is that Collin County is a wonderful position to dwell and, regardless of the latest cost growth, stays more reasonably priced in comparison to other metropolitan regions,” claimed Marissa Benat, president of the Collin County Association of Realtors, in a assertion.

The median residence value across North Texas jumped 22% to $380,000 in March, in accordance to several listing service facts. House costs rose 19% to $359,900 in Dallas County practically 23% to $350,000 in Tarrant County and 25.4% to $464,000 in Denton County.

Just more than 1,300 houses marketed in Collin County very last month, down 3.9% from a calendar year back, likely beneath contract in an average 22 times and 8.5% over listing rate.

Stock is limited across the metro place, but in particular in Collin County exactly where there is just half a month’s supply. A well balanced marketplace would have about six months of stock.

Just 815 Collin County households ended up readily available for sale on the numerous listing assistance in March, according to the MetroTex Affiliation of Realtors.

MoneyGeek, a own finance web site, outlined Collin County as a person of 26 counties in the country in which housing is no extended inexpensive.