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Steiner Ranch Housing Market Report

Real Estate Market Report For: Steiner Ranch Austin, TX


Introduction: Steiner Ranch is master-planned community between Lake Austin and Lake Travis. It is home to the University of Texas golf course, the legendary Steiner Ranch Steak House, and boast over 4,600 acres of hill country views. Home values range from the low $200’s to over 3 million for homes in the private gated sections.

Inventory and Sales: Overall sales volume has remained relatively stable with an absorption rate of just under 24 homes per month sold, and an inventory of just over 4 months worth of housing. This steady trend has lead to only a 5% decrease in the total number of homes sold year over year.

Distressed Sales and Listings: The total number of known distressed and/or foreclosure sales has decreased from 7% previous 12 months to only 4.9% in the last 12 months. Further decrease in this number is expected as only 2 distressed listings are currently on the market.

New Homes and Construction: New home sales continue to remain strong in this still growing community with around 23% of all sales being new construction homes; this is almost the same number of new home sales as we saw 3 years ago. Predominant single family home sales over the past 12 months average between $364,000 – $406,000 but there are still a large portion of homes for sale under the $300,000 mark.

Overall Market Conditions: The housing market for Steiner Ranch continues to be one of the strongest real estate markets in Austin. A combination of amenities, location and a wide range of home prices allows this neighborhood to accommodate various income segments. Steiner Ranch shows all the signs of a healthy real estate market including steady home sales, decreasing days on market for well priced homes, slowly increasing prices per square foot, and decreasing number of distressed listings and sales.

This report was created utilizing data from the Austin MLS system, as input by local Austin Realtors. Only single family housing trends have been analyzed and while they represent the majority of real estate sales in the market area, this report should not be considered all encompassing.

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Austin neighborhoods we appraise

We provide real estate appraisals and related services to the following cities, towns and communities across the Austin metro area. We cover a large portion of Central Texas - if you don't see your area below, please call to confirm with one of our friendly staff.

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Anderson Mill | Bee Cave | Briafclif | Brushy Creek | Buda | Cedar Park | Creedmoor | Del Valle | Elgin | Georgetown | Hays | Hutto | Jollyville |
Jonestown | Kyle | Lago Vista | Lakeway | Leander | Manor | Mustang Ridge | Pflugerville | Point Venture | Rollingwood | Round Rock |
San Leanna | Shady Hollow | Sunset Valley | Webberville | Wells Branch | West Lake Hills

what customers like you say about our
Austin Property appraisal services

We stand behind our work and our customers have nothing but great things to say. Here are a few examples:

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Real Estate Appraisals Austin
4.8
Based on 45 reviews
Ed came out on short notice to measure a new home I was in the process of purchasing. He was professional and honest in his work. I found him online and it was not through my lender. I wanted an independent appraiser since the lender was connected to my builder. Definitely will use him again if I ever needed to. I was a first time home buyer and he was fair to me and helpful. Thank Ed!
Jennifer Nguyen
Jennifer Nguyen
The realtor that came out was very professional and thorough. I would recommend this service.
Nancy Crow
Nancy Crow
This company is contracted to my mortgage company for market appraisals to remove PMI. They contacted me right away and had the whole thing turned around in less than a week. Appreciate the speed and the quality of the service and would definitely recommend.
Jeanna Kozak
Jeanna Kozak
I was able to schedule an appraisal just two days after contacting the company. Likely this was a fluke, but it worked well for me! Our appraiser was a bit late, but that was the fault of the previous appointment. Once he arrived, he listened to everything we pointed out. Our appraisal was fair for our neighborhood we thought and the report arrived about 8 days after the appointment. We are happy and will recommend Real Estate Appraisals Austin to any others we know.
Leah L
Leah L
We used Real Estate Appraisals Austin and found them to be very professional, accommodating and efficient. Their work product was thorough and very well presented. We would definitely recommend them and would use them again.
Calvin Porter
Calvin Porter