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Austin, TX

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

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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.

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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.

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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

Environmental experts say Texas data centers come with uncertainty

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Environmental experts say Texas data centers come with uncertainty


The main switchyard at a Midlothian power plant. The federal government is sending Texas more than $60 million to strengthen the state’s power grid. Credit: Shelby Tauber for The Texas Tribune

Texas is home to approximately 400 data centers — some currently operational, others still under construction and a number that are still in the planning stages. Experts say the boom comes with a lot of uncertainty.

Texas data center power demand

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What they’re saying:

“Data centers are a relatively large power demand in a small area, something like, you know, 100 or 200 megawatts of power. That’s more than a small city or a small town would be consuming itself,” said Carey King, a research scientist with the Energy Institute at the University of Texas at Austin.

Over the past year, the Electric Reliability Council of Texas has received more than 200 gigawatts worth of large load interconnection requests, approximately 73% of which are from data centers. That has led to questions about whether the state’s grid is up to the task of supplying power to the facilities.

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“Many of us who suffered through winter storm Uri still have PTSD over, you know, fears that the grid won’t be able to meet demand,” said Luke Metzger, the executive director of Environment Texas, a local nonprofit working to safeguard the state’s natural environment.

Question of infrastructure

That’s not the only question. King points out that there is also a question of whether all the proposed data centers will actually be built. He says if they don’t end up materializing, it could spell trouble for anyone making investment decisions based on the projections. And if infrastructure is built to accommodate the needs of projects that never come to fruition, those costs could be passed off to consumers in the form of higher rates.

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Experts say these speculative data center projects have led to uncertainty around how much power will actually be needed to meet the demands of the state’s data centers.

Senate Bill 6, which was signed into law last June, outlined new requirements for data center projects, including stipulating that data centers put up more capital up front for things like transmission studies and interconnection fees. The bill is, in part, intended to reduce some of that uncertainty around speculative power loads.

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Potential environmental impact

But concerns still remain around the potential environmental impact of the state’s data centers.

“There are an estimated 130 new gas-powered power plants that have been proposed for Texas, in part to meet this demand for data centers, and if they’re all built, that’s going to have as much climate pollution as 27 million cars,” said Metzger.

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Above all, Metzger says the biggest uncertainty is water, as there is no central entity in the state that collects and compiles information on those needs.

On average, a single data center consumes millions of gallons of water annually, according to researchers with the University of Michigan. Metzger says that’s of particular concern here in Texas, where water supply is already being pushed to its limits.

“Texas is a very drought-prone state, and already, you know, you know, according to the Water Development Board, you know, we don’t have enough supply to meet demand,” said Metzger. “There is no way to make more water. And so, I think ultimately, you know that that could be the greatest concern for the state.”

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Over the past year, residents across Central Texas have spoken out about data centers in places like Round Rock and Taylor, citing additional concerns including falling property values, noise, and health impacts.

What’s next:

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Moving forward, experts recommend that local leaders undergo long-range planning to determine whether they’re able to allocate limited resources to data centers in the long run prior to approving these projects.

The Source: Information in this article comes from FOX 7 interviews with experts. 

TexasTechnologyEnvironment
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Austin, TX

Silver Alert issued for missing 73-year-old man in Austin

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Silver Alert issued for missing 73-year-old man in Austin


The Texas Department of Public Safety has issued a Silver Alert for an elderly man who has been missing since Friday afternoon in Austin.

The Austin Police Department is looking for Charles Evans, a 73-year-old man diagnosed with a cognitive impairment. Evans was last seen at 5:37 p.m. on Jan. 9 in Austin.

Silver Alert issued for missing 73-year-old man in Austin

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Police describe him as a 6’3″ tall white male, weighing 225 pounds, has gray hair, hazel eyes, and who uses a walker.

Law enforcement officials believe his disappearance poses a credible threat to his health and safety.

Anyone with information regarding his whereabouts is urged to contact the Austin Police Department at 512-974-5000.



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Austin, TX

Man arrested, charged for deadly shooting at downtown Austin hotel

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Man arrested, charged for deadly shooting at downtown Austin hotel


A 20-year-old was arrested and charged with murder for a deadly shooting at the Cambria Hotel in downtown Austin, police said.

What we know:

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Police said on Monday, Jan. 5, around 6:55 a.m., officers responded to a report of a gunshot at the Cambria Hotel at 68 East Avenue #824. The caller said a person had been shot.

When officers arrived, they found a man with injuries. He later died at the scene. He was identified as Luke Bradburn.

The investigation revealed that Bradburn drove and crashed a car that belonged to 20-year-old Maximillian Salinas. After the crash, Bradburn and the other people in the car left and went to the Cambria Hotel. 

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Salinas went to the hotel and shot Bradburn.

On Jan. 6, Salinas was arrested and charged with murder.

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Anyone with information is asked to contact the Austin Police at 512-974-TIPS. You may submit your tip anonymously through the Capital Area Crime Stoppers Program by visiting austincrimestoppers.org or calling 512-472-8477.

The Source: Information from the Austin Police Department

DowntownCrime and Public Safety
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