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The median price of homes sold in November in Pflugerville and Hutto declined, compared to November 2024 prices, according to data by Unlock MLS.
The overview: In Pflugerville, the median price of homes dropped from $384,495 in November 2024 to $358,250 last month. Meanwhile, Hutto’s median price dropped from $364,825 to $348,330.
Pflugerville’s housing market aligns with a trend seen across the Austin-Round Rock-San Marcos metropolitan statistical area. As home prices dipped in Pflugerville, so did the number of home sales by 11.1%. Across the metro, year-over-year prices dropped by 1.1% and sales declined by 15.9%.
"It is important to remember that November 2024 sales were boosted by the Fed's first cut in interest rates, and mortgage rates moved accordingly. This year's 16% drop appears steeper than it might under typical conditions,” Vaike O’Grady, market research advisor for Unlock MLS, said in a release.
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