Austin Home Prices Have Risen $116,000 in the Last Year, Roughly the Cost of Two Teslas

Source: Housing Wire — 

A homebuyer today could purchase the typical Austin home for $485,000. But if they could go back in time to January 2021, they could have bought a home and two Teslas for the same price. 

Put another way, someone could purchase both a Tesla Model Y for about $41,000 and a Model S for $71,000 for less than the $116,000 increase in the median-priced Austin home over the last year. The typical Austin home cost roughly $369,000 in January 2021. 

In Phoenix, the typical home price increased by $98,750 last year. With the difference, a buyer could purchase a Porsche Panamera for $90,000 and still have enough left to pick up several electric bikes

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