Austin, TX

Austin homeowners drop house price nearly 30% as they struggle to sell

Published

1 year ago

February 14, 2025

Austin homeowners drop house price nearly 30% as they struggle to sell

Despite broader signs of a stable and predictable housing market in Austin, Texas, a luxury home has undergone several price reductions over the past year—a drop nearly 30 percent below its initial April 2024 asking price of $3,250,000.

Why It Matters

Austin’s housing market has been described as stable, with consistent sales and prices expected throughout 2025.

However, according to local reporting out of KXAN Austin, informed by Unlock MLS, Zillow and Realtor.com data, the city’s median sales price has seen a year-over-year decline of 4.7 percent. This could suggest minor market changes or specific area adjustments, even amid overall market health.

The Austin property at 4808 Ranch Road 2222 tells a different story. This situation highlights that even in a generally positive market, some homeowners may face challenges that necessitate significant price adjustments.

A ‘For Sale’ sign is seen on March 19, 2024 in Austin, Texas. Home prices and apartment rents in Austin have declined more than any other city in the country in 2024.

Getty Images/Brandon Bell

What To Know

The 3,406-square-foot Austin home has dropped in price five times since its initial listing in April 2024, culminating in a total reduction of 27.69 percent, or $900,000.

This is quite a bit higher than Austin’s overall average percentage price drop of -9.15 percent, recorded last week, per Pricing Culture. Further, the property’s five reductions far exceed the Austin average last week of 2.11 price drops per listing.

The four-bedroom, three-and-a-half-bath home is located in Austin’s Bull Creek neighborhood. According to Realtor.com, the neighborhood as a whole has a median listing price of $1,412,500.

Local market data reported by KXAN Austin shows an increase in the number of days homes are staying on the market over the past eight months, averaging 84 days, though the average is slightly lower compared to a full year prior.

Outside of broader market trends, the home at 4808 Ranch Road could possibly point to an overestimated initial valuation or a lack of buyer interest at the higher price points in this upscale market segment.

What People Are Saying

Dr. Clare Knap, housing economist at Unlock MLS, told ATX Today: “2025 really will be a year in the Austin housing market that is defined by stability … predictable levels of inventory, relatively consistent mortgage rates, [and] consistent expectations around year-over-year changes to home sales and prices.”

“I don’t think we’re necessarily going to see the same level of growth … as we did in 2024, but I think we’re going to relatively maintain our level of inventory in 2025.”

Marco Santarelli, founder and CEO of Norada Real Estate Investments, wrote in a 2025-2026 Texas housing market forecast: “Several areas, including Austin, Huntsville, Sulphur Springs, Corpus Christi, and the Permian Basin cities like Odessa and Midland, face the possibility of experiencing a decline in home prices over the next year. Keep in mind that the projected declines are generally relatively small.”

What Happens Next

Analysts predict that while 2025 may see improvements in mortgage rates and buying conditions in Austin, sellers might still face pressures if economic uncertainties persist.

As for 4808 Ranch Road, only time will tell if the latest price adjustment will attract buyers or if further reductions are on the horizon.

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Austin, TX

Will the rest of Austin allergies seasons be as bad as cedar this year?

Published

2 hours ago

March 4, 2026

Press Room

Will the rest of Austin allergies seasons be as bad as cedar this year?

Austin had a particularly itchy and drippy cedar fever season to start the year. Many winter days, from late December into February, had high or very high ashe juniper (aka cedar) pollen counts.

Central Texas has a year-round allergy season with mold popping up at any time. For the more traditional spring and fall allergy seasons, forecasters at AccuWeather are predicting some of the allergens across the country will be worse this year than average.

Texas, though, is a different story.

For grass allergies, which happen now through September, AccuWeather estimates Austin will have an average season. However, just west of the Interstate 35 corridor in the Hill Country to almost El Paso, that season is expected to be worse than normal.

“Texas may experience above-average grass pollen for a few weeks,” AccuWeather’s allergy report said, “though the season could be shorter-lived compared to northern areas.”

It all depends on the weather

How much rain we get in the next six months and the perennial Texas heat will all affect the growing season for grasses and weeds, as well as the amount of pollen trees produce. The Farmers’ Almanac and the Old Farmers Almanac are both predicting a wetter and warmer spring.

Rain helps plants grow, which can increase pollen production over time. However, rainfall during allergy season can also bring temporary relief by washing pollen out of the air. That’s what we’re expecting this weekend, with our first meaningful rain chance in nearly three weeks. Tree and weed pollen levels might briefly drop, but mold could spike because it thrives in damp, humid weather.

If spring continues with excessive heat like we saw in February, it could limit the growth of some plants and trees. Extreme heat can reduce how much they grow, and how much pollen they produce. On the other hand, if we get a healthy balance of rain and only slightly above-normal temperatures — not extreme heat — pollen counts could climb. That’s especially true as we head into April, typically our windiest month of the year, which helps spread pollen more easily.

How can you treat allergies in Austin?

If you are feeling the effects of allergies, here are some things you can do to lessen them:

Start taking allergy medication at least two weeks before your allergen’s season is supposed to start. Keep taking your allergy medication throughout your allergen’s season, even on low-pollen days.
Vary your allergy medication. You can take a nasal spray, an eye drop and an oral antihistamine at the same time to treat the different symptoms. If one kind of allergy medication isn’t working, consult your doctor about whether you should add a second one or switch out the medication.
Take a shower before going to bed.
Take off outside clothes or shoes when you get into the house.
Do a daily nasal wash such as a neti pot or saline spray.
Consider seeing an allergist to get drops or shots to lessen your reaction to the allergen.

Consider these household tips to improve your chances of keeping allergens away:

Change the filters in your house regularly during cedar fever season.
Vacuum and sweep regularly.
Change your sheets, especially your pillow regularly.
Keep doors and windows closed.
Clean out the vents in your home.
Have your home tested for indoor allergens such as mold.
Wash and brush the animals in your house to lessen the amount of allergens in the air.
Wear a mask outside or inside while you are trying to lessen the pollen or mold indoors.

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Austin, TX

Texas Primary: Breakdown of Texas races

Published

14 hours ago

March 4, 2026

Press Room

Democrats tried to stop a mid-decade redistricting effort, but were unsuccessful. Now, we are starting to see some of the candidates emerging in those newly drawn districts. FOX 7 Austin’s Rudy Koski gives a full breakdown.

Posted March 3, 2026 10:32pm CST

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Austin, TX

Remembering Jorge Pederson: Minnesota MMA fighter killed in Austin, Texas, shooting

Published

1 day ago

March 3, 2026

Press Room

Remembering Jorge Pederson: Minnesota MMA fighter killed in Austin, Texas, shooting

ROCHESTER, Minn. (KTTC) – A shooting on West Sixth Street in Austin, Texas, early Sunday morning, killed three people and injured more than a dozen others, according to the Austin Police Department. APD confirmed one of the victims was 30-year-old Jorge Pederson, a Minnesota man who worked as an MMA fighter for the Med City Fighting Championships.

“You meet tons of fighters and there are people that stand above the rest that you find you enjoy or find the most amusing,” MCFC Co-Owner Matthew Vogt said. “He was definitely one of them.”

According to Vogt, Pederson was also the owner of a Minnesota business called Metro Movers. Vogt said the MMA competitor touched everyone’s hearts since his first day of fighting professionally in Rochester.

“As soon as we met him when it was the weighing time, we just loved the guy already because he had a great mission or spirit about him,” Vogt said. “He was a funny guy and great fighter.”

Vogt told KTTC when he first saw the news that Pederson was killed, he could not believe what he saw.

“I was looking, like, ‘Wait a minute. Is this one of his shenanigans or did something actually happen there?’” Vogt said, recalling the moment he saw a social media post regarding the shooting in Austin. “I confirmed with a few people and I’m just like, sometimes, some things happen that you don’t even like, you don’t even know how to respond to it because it’s just so out of left field that you don’t immediately have a response to it.”

MCFC confirmed there is an online fundraiser dedicated to supporting Pederson’s family. As of Tuesday afternoon, more than $10,000 has been raised.

“He was someone that always could make anybody laugh,” Vogt said. “Support his family through the fundraiser and take a look at his Instagram especially to see how funny he was.”

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