Austin, TX
Joe Rogan’s Texas house value drops 20% in Austin housing market downturn
What’s New
Joe Rogan’s Texas home has dropped a whopping 20 percent in value as the Austin housing market experiences a rapid downturn.
Rogan originally purchased the home for $14.4 million in 2020, right when Austin was gaining ground as one of the top pandemic era housing markets.
Why It Matters
Many Americans fled to Austin from high-cost areas in New York and California while looking for lower home prices and cost of living. And in the age of remote work and coronavirus shutdowns, many also moved to be in a place with Texas’ minimal social distancing restrictions.
Carmen Mandato/Getty Images
What To Know
Rogan originally moved from California to the Austin property in 2020 after securing a $100 million deal with Spotify.
But now, just four years later, Redfin values the home at just $10.8 million.
Rogan’s home has eight bedrooms and nearly 11,000 square feet. It also boasts a lakeside view, but even the most luxurious estates aren’t immune from Austin’s real estate market changes.
In November, data showed Austin home listings were over 10,000, compared to just 7,000 during the pandemic.
Texas has long been on a population upswing, growing by more than 9 million residents between 2000 and 2022. And the pandemic saw an even larger boost in new people seeking out the state’s job market, warm weather and cheap cost of living.
In 2022 alone, the Lone Star State’s population climbed by 470,708 people, according to the U.S. Census Bureau.
Initially, when so many people moved in the pandemic, house prices skyrocketed upwards, as the market was not able to keep up with the surge in demand.
To fix that, Texas home suppliers quickly ramped up construction, but now the housing market is experiencing the opposite problem—too much supply and too little demand, causing prices to trend down.
Still, Austin’s home prices are up 6.8 percent year over year, according to Redfin. That brought a median sale price of $550,000 in November.
What People Are Saying
Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek:
“Austin was one of the hottest real estate markets in the country before the pandemic, and relocating during that stretch of time only increased demand in a city that had fewer statewide health-related restrictions than its contemporaries did. With the pandemic over and remote work becoming for many jobs a thing of the past, there’s less demand, which is incredibly problematic for a city that had been ramping up in creating more housing units to meet a surging market.”
“Texas housing supply has spiked to [its] highest level since at least 2017,” Nick Gerli, CEO of real estate data platform Reventure App, wrote on X, formerly Twitter. “Active listings are up 25 percent YoY, and a massive 263 percent from the pandemic low. Texas is no longer in an inventory shortage. And is now oversupplied.”
“2020-21 was near the peak of the real estate market in many parts of the country,” title and escrow expert Alan Chang told Newsweek. “During this time, there was so much competition for desirable properties that valuations were increasing at an unsustainable rate. It’s normal for many markets to see some leveling or more substantial corrections after that historic time period.”
“Rising interest rates are the main culprit behind lower housing values,” Kevin Thompson, a finance expert and the founder and CEO of 9i Capital Group, told Newsweek. “Housing prices surged after the pandemic as inflation rose, creating a disconnect between prices and underlying fundamentals. Now, prices are correcting downward, moving back toward equilibrium.”
What’s Next
As Austin sees a surge in new homes becoming available, there will inevitably be less demand in the once thriving housing market.
“It’s a difficult spot to be in, and even homes owned by some of Austin’s wealthiest residents are finding their property down substantially in value from where it was a few short years ago,” Beene said.
Chang said 2025 will likely bring more price correction in the Austin market after the rapid increase seen in the last few years.
“Real estate should be a long-term investment and not a short-term roller coaster that we experienced in the recent past,” Chang said.
Juneteenth celebrations are happening across the city this weekend. The events will mark the 161st anniversary of the day Union troops arrived in Galveston Bay to announce that more than 250,000 enslaved people in Texas were free. The announcement on June 19, 1865, came more than two years after the signing of the Emancipation Proclamation. June 19 — known as Juneteenth — became a federal holiday in 2021.
From historical bike rides to Austin’s annual parade, here are seven events taking place in Austin.
Annual Juneteenth FunRun, June 19
The city of Austin’s African American Cultural and Heritage Facility will host a fun run starting at 8:30 a.m. on Friday at East Martin Luther King Jr. Street and Leona Street, and concluding at Hargrave Street near the Millennium Youth Entertainment Complex. Participants will have one hour to complete the course. The route is the same as the parade through the African American Historical Cultural District that will start later that morning. Runners and walkers of all ages and levels can participate.
Central Texas Juneteenth Parade & Festival, June 19
The annual Juneteenth parade will take place Friday and begin at 10 a.m. at East Martin Luther King Jr. Boulevard and Leona Street and will travel down to Chicon Street before turning on Rosewood Avenue. The parade will feature floats, live music and performers.
A Very Juneteenth Comedy Jam, June 19
The Velveeta Room, Austin’s longest-running comedy club, will have shows highlighting Black voices Friday night at 8 p.m. and 10 p.m. The 18+ event will feature comedians like Freddy Do Less and Roderick McDaniel. Tickets for both shows are around $23.
Sistas Walk And Talk: Juneteenth Edition, June 20
Texas Sistas Society will host a 3-mile walk and talk Saturday at 515 S. Pleasant Valley Road starting at 7:45 a.m. Texas Sistas Society is an Austin-based community created for Black women and women of color. Attendees are encouraged to wear Juneteenth colors: red, yellow, green or black, and to RSVP ahead of time.
The Carver Kickback: Juneteenth Edition, June 20
The George Washington Carver Museum in Austin is dedicated to creating a “space where the global contributions of all Black people are celebrated.” The museum is hosting a free celebration from 11 a.m. to 4 p.m. Saturday with barbecue plates, live music, vendors and activities for all ages.
Black Auteur Film Festival, June 20
The Black Auteur Film Festival, a nonprofit dedicated to uplifting Black filmmakers in Texas, is hosting its third annual film festival to showcase short films directed by Black Texans at AFS Cinema on Saturday. One filmmaker will win the $1,000 “Best of Fest” award, and attendees can enter a raffle for a chance to win Austin Film Society memberships and movie tickets. The festival runs from 2 to 5 p.m. Tickets are $14.
Juneteenth Social Ride, June 21
Black History Bike Ride, an Austin nonprofit teaching people about the city’s Black history through cycling, is hosting its seventh annual Juneteenth ride starting at the Haskell House on Saturday at 10 a.m. Austin-based historian Harrison Eppright will serve as the ride’s guide. Registration is required for all attendees. The event is free, but donations are encouraged.
AUSTIN (KXAN) — Data analyst Corey Yeung created the ATX Running Guide to help runners find community across Central Texas. What started as a personal project has become one of Austin’s most comprehensive running resources.
Looking for a Run Club? There’s a Map for That
When Corey Yeung moved to Austin three years ago, he had a simple question:
“How many run clubs are actually out there?” The answer wasn’t easy to find. While several websites listed local groups, Yeung felt none offered a complete picture. So, he decided to build one himself. What started as a spreadsheet evolved into ATX Running Guide, a website and social media platform that helps runners discover clubs throughout the Austin area.
“The list would be more useful if it were a map and search tool,” Yeung said. “The Instagram page was simply a way to communicate those free resources to the community.”
Today, the guide covers running groups from San Marcos to Hutto and serves as a one-stop resource for runners looking to connect. In this episode of KXAN’S Plus Simple Health, Corey Yeung walks us through everything you need to know about the 200-plus running clubs in Austin.
AUSTIN (KXAN) — The Texas Volts are off to a rough start in the Athletes Unlimited Softball League, but maybe a little home cooking can help them get right.
After playing their first five games on the road, the Volts open play at Dell Diamond in Round Rock at 6 p.m. Thursday against the Utah Talons, kicking off an 8-game homestand.
It’s the first season the Volts will call Dell Diamond home. In the league’s inaugural season last year, the original four teams competed with a touring schedule that included a stop at Dell Diamond. This is the first year that the AUSL, now a 6-team league, will play in home markets.
They have a roster peppered with local stars, including 2-time NCAA national champion middle infielder Leighann Goode from the Texas Longhorns. Aliyah Binford, a New Braunfels native, played collegiately for Ole Miss and former Texas State pitcher Jessica Mullins made an appearance in the Volts’ previous series against the Carolina Blaze.
Goode said there’s been a bit of a learning curve, but she credits her teammates for helping her adjust to the league.
“This group has brought me in and taught me stuff, taken me under their wings,” she said. “They’ve done an awesome job.”
Legendary Texas pitcher Cat Osterman is the team’s general manager, and the head coach is Texas State’s Ricci Woodard.
“We’re ready to rock and roll at home,” Woodard said. “I’m anxious to see what happens now that we get to play in our own place.”
Texas Tech pitcher NiJaree Canady, the No. 2 overall pick in the 2026 draft, joined the team last weekend after a brief contract holdout.
The Volts are 1-4 this season, picking up their lone win over the Oklahoma City Spark on June 10. They’ll face the Talons in a 3-game series, the Chicago Bandits for a pair June 23-24, and finish the homestand with a 3-game set against the expansion Portland Cascade on June 26-28.
Ryan Sanders Baseball, the organization that owns and operates the Round Rock Express, is an operating partner with the Volts and an investor with the AUSL.
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