Real Estate Report

Austin named the most expensive Texas market by real estate authority

Austin named the most expensive Texas market by real estate authority

RENTCafe Most Expensive Rental Homes Texas September 2015 Austin house 3800 Cassava Drive 78746
Homes in Austin are the priciest in the state. Photo by ColdwellBanker

The most expensive homes in Texas? They're right here in Austin, according to Coldwell Banker's recent analysis. 

The 2016 Coldwell Banker Home Listing Report ranked more than 2,000 markets across the U.S. based on the average listing price of four-bedroom, two-bathroom homes. The report, said to be the most extensive home price comparison tool in the U.S., includes a nationwide list of expensive and affordable markets, as well as lists for each state.

Austin is by far the priciest in Texas. A four-bed, two-bath home here costs $414,563 on average. For comparison, in Boerne and Georgetown — the second and third most expensive Texas markets — four-bedroom homes go for $362,230 and $354,266, respectively.

The Capital City is the only major Texas metro to appear among the 10 most expensive markets. Nearby Round Rock ranks No. 9, with an average listing price of $298,616. Houston-area suburbs Sugar Land and The Woodlands rank Nos. 7 and 8; and Keller and Frisco, near Dallas-Fort Worth, are Nos. 6 and 10. 

The 10 most expensive markets on the nationwide list are all located in California. In Saratoga, the most expensive of all, a four-bedroom home goes for $2,453,718, which makes Austin sound like a steal.