Best up-and-coming neighborhoods in Austin?

It's tough to say which neighborhoods are "up-and-coming" with just the city-wide data. We can see how the market is doing across Austin, but not the specific hot spots. The overall Austin market has a median listing price of $473,500. This is actually a slight dip from the prior month, down 0.3%, and a bigger drop of 9.8% compared to last year. There are 12,456 homes for sale right now, which is 5% fewer than last year. Even with fewer homes available, homes are sitting on the market longer, with the median home taking 63 days to sell, up 8.7% from last year. Almost 28% of homes have had a price reduction, which could mean sellers are adjusting their expectations. The average price per square foot is $237, which is also down 8.2% from last year. Buyers have some good negotiating power in today's market. With prices down and homes taking longer to sell, it's a good time to look closely at properties and make an offer.

The data provided does not offer specific neighborhood-level information, so I can't point you to up-and-coming areas within Austin. I can, however, give you a picture of the overall housing market in the broader Austin-Round Rock-San Marcos area. This can help you understand the general conditions before you look into specific neighborhoods.The median listing price in the area is $473,500. This is slightly down from the previous month by 0.3% and quite a bit lower than last year, a drop of 9.8%. This means homes are listed for less money than they were a year ago.You'll find 12,456 homes currently on the market. This is 5.0% fewer homes than there were at this time last year, so there's a bit less to choose from. However, the number of new homes coming up for sale is about the same as last year, showing a small increase of 0.3%.Homes are also staying on the market longer, with a median of 63 days. That's almost 9% longer than last year, which could mean buyers have more time to decide. About 27.6% of homes have had their prices reduced, which is 5.0% less than last year, suggesting fewer price drops compared to the previous year.For anyone looking to buy, the overall market shows prices are down from last year and homes are staying on the market longer, which could give you more power in negotiations. However, fewer homes are available than last year.