Homes bought in Austin younger than national average
Austin-area homebuyers are snatching up much newer homes than other shoppers around the country, per a new report by Redfin.
Why it matters: The data reflects the trend of Austinites getting priced out and moving to the suburbs, home to newer and cheaper housing.
By the numbers: The median U.S. home bought last year was 36 years old — the oldest since at least 2012.
Yes, but: In greater Austin, the median sold home last year was eight years old — tied with two other cities (Boise, Idaho, and San Antonio) for second-youngest in the country.
Newer homes were cheaper than older ones as well, with homes less than five years old (41.6% of homes sold) having a median price of $420,000 and homes more than 30 years old (20.7% of homes sold) having a median price of $475,000.
What they're saying: Austin is one of only four metros analyzed by Redfin — the others being Oxnard, San Jose and San Francisco, all in California — where the median price of an older home cost more last year than a home built in the past five years. That suggests older homes in the city's core still hold appeal for homebuyers who can afford them.
"The only four listings I've had this year with multiple offers were older homes," Andrew Vallejo, an Austin-based Redfin agent, is quoted as saying in the report.
"They had all been renovated and were in good proximity to the tech companies, bars and restaurants. We are experiencing a severe downturn in Austin, but older homes within the city's core ... are still moving fast when they are listed."
The big picture: The number of homes built across the country this decade is projected to remain historically low, even after construction picked up during the pandemic, particularly in the Sun Belt and Mountain West regions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Robotic Pet Company Tombot Secures $6.1M Series A Funding to Support Groundbreaking Health and Senior Care Product Line
LOS ANGELES, June 12, 2025--(BUSINESS WIRE)--Tombot, the robotics company that earned widespread acclaim at CES earlier this year for its lifelike robotic puppy, Jennie, announced today the successful close—and oversubscription—of its $6.1 million Series A funding round. "Tombot is entering a high-demand, underserved market at the intersection of mental health and assistive technology," said Tombot CEO and Co-Founder Tom Stevens. "Over 300 million seniors around the world with dementia and mild cognitive impairment are unable to care for a live animal at a time when they need the companionship of a pet more than ever. Millions of other individuals suffering from mental health adversities are in a similar predicament." With artistic design by Jim Henson's Creature Shop, and developed with the guidance of clinical experts, patients, and their families, Jennie provides many of the health benefits associated with live animal ownership, such as reduced stress and loneliness. Jennie will be used in private homes, assisted living and memory care communities, and other settings where live animals are not always safe or practical. Covered with sensors to respond to touch, voice commands, movement, and other sensory inputs, Jennie is rechargeable, fully cleanable, and comes with an optional caregiver app to customize behaviors and ease the burden of caregiving. With participation from both new and existing investors, the funding round was led by Caduceus Capital Partners, a Nashville-based team of veteran healthcare investors with a primary emphasis on accelerating growth of early-stage digital health startups. "We identified the growing need for robotic companions several years ago and believe the market is now on the brink of exponential expansion," said Dave Vreeland, senior managing partner, Caduceus Capital Partners. "By 2030, the U.S. is projected to have 73 million seniors – an aging population that will increasingly face challenges related to loneliness, companionship, and chronic disease management. These issues are rapidly surpassing the capacity of human caregivers alone. Tombot is uniquely positioned to lead this emerging sector and drive widespread adoption of robotic companions." "This investment will be rocket fuel for Tombot," said Stevens. "We are most appreciative of our company's Board of Directors for their ongoing guidance, and are especially grateful to Caduceus for recognizing and supporting Tombot's mission of creating robotic animals that transform the daily lives of individuals, families, and communities facing health adversities." According to Stevens, this milestone investment will be used to expand Tombot's team, finalize engineering, complete regulatory and safety certifications, and prepare its first robotic pet for customer shipments to its more than 16,000 pre-order and waitlist customers. About Tombot Tombot, Inc., established in 2017, designs realistic robotic companion animals for individuals unable to safely or practically care for a live animal. After Tom Stevens' own mother's progressive dementia necessitated the rehoming of her beloved pet dog for safety reasons, Tom launched Tombot. Tombot's flagship product, Jennie, was designed specifically to treat the Behavioral and Psychological Symptoms of Dementia (BPSD). The Tombot founding team built a prior startup into one of the world's largest legal automation companies and was successfully acquired. View source version on Contacts Media Contacts: Brotman•Winter•Fried Consulting Laura Runcielaura@ (201)707-9372 Steve Winterswinter@ (202) 468-8100
Business Wire
43 minutes ago
- Business Wire
Robotic Pet Company Tombot Secures $6.1M Series A Funding to Support Groundbreaking Health and Senior Care Product Line
LOS ANGELES--(BUSINESS WIRE)-- Tombot, the robotics company that earned widespread acclaim at CES earlier this year for its lifelike robotic puppy, Jennie, announced today the successful close—and oversubscription—of its $6.1 million Series A funding round. Tombot's flagship product, Jennie, was designed specifically to treat the Behavioral and Psychological Symptoms of Dementia (BPSD) and other health issues. 'Tombot is entering a high-demand, underserved market at the intersection of mental health and assistive technology,' said Tombot CEO and Co-Founder Tom Stevens. 'Over 300 million seniors around the world with dementia and mild cognitive impairment are unable to care for a live animal at a time when they need the companionship of a pet more than ever. Millions of other individuals suffering from mental health adversities are in a similar predicament.' With artistic design by Jim Henson's Creature Shop, and developed with the guidance of clinical experts, patients, and their families, Jennie provides many of the health benefits associated with live animal ownership, such as reduced stress and loneliness. Jennie will be used in private homes, assisted living and memory care communities, and other settings where live animals are not always safe or practical. Covered with sensors to respond to touch, voice commands, movement, and other sensory inputs, Jennie is rechargeable, fully cleanable, and comes with an optional caregiver app to customize behaviors and ease the burden of caregiving. With participation from both new and existing investors, the funding round was led by Caduceus Capital Partners, a Nashville-based team of veteran healthcare investors with a primary emphasis on accelerating growth of early-stage digital health startups. 'We identified the growing need for robotic companions several years ago and believe the market is now on the brink of exponential expansion,' said Dave Vreeland, senior managing partner, Caduceus Capital Partners. 'By 2030, the U.S. is projected to have 73 million seniors – an aging population that will increasingly face challenges related to loneliness, companionship, and chronic disease management. These issues are rapidly surpassing the capacity of human caregivers alone. Tombot is uniquely positioned to lead this emerging sector and drive widespread adoption of robotic companions." 'This investment will be rocket fuel for Tombot,' said Stevens. 'We are most appreciative of our company's Board of Directors for their ongoing guidance, and are especially grateful to Caduceus for recognizing and supporting Tombot's mission of creating robotic animals that transform the daily lives of individuals, families, and communities facing health adversities.' According to Stevens, this milestone investment will be used to expand Tombot's team, finalize engineering, complete regulatory and safety certifications, and prepare its first robotic pet for customer shipments to its more than 16,000 pre-order and waitlist customers. About Tombot Tombot, Inc., established in 2017, designs realistic robotic companion animals for individuals unable to safely or practically care for a live animal. After Tom Stevens' own mother's progressive dementia necessitated the rehoming of her beloved pet dog for safety reasons, Tom launched Tombot. Tombot's flagship product, Jennie, was designed specifically to treat the Behavioral and Psychological Symptoms of Dementia (BPSD). The Tombot founding team built a prior startup into one of the world's largest legal automation companies and was successfully acquired.
Yahoo
an hour ago
- Yahoo
Sané signs contract with Turkey's Galatasaray, to play CWC for Bayern
German football player Leroy Sane arrives at the airport in Istanbul and is greeted by fans. Murat Akbas/dpa Germany winger Leroy Sané has signed a three-year contract with Turkish side Galatasaray, the club confirmed on Thursday. The forward is set to travel to the Club World Cup with Bayern Munich before his contract runs out on June 30, Sky reported. Advertisement The former Manchester City player, who has earned 70 caps for his national side, wrote a farewell message to Bayern fans ahead of his signing. "After 5 intense years here in Munich, I've decided to start a new chapter in the upcoming season," Sané wrote on X. "I'm incredibly proud to have worn the jersey of the best and biggest club in Germany for over 200 matches and will always cherish the titles we've won together." The player was warmly welcomed by hundreds of Galatasaray fans in Istanbul, where he is set to earn a guaranteed €9 million ($10.4 million) per year net before bonuses. Advertisement Wearing a Galatasaray scarf around his neck, the 29-year-old spoke briefly about his expected transfer after arriving at the airport. "There are many top-class players in the team. When we played against Galatasaray with Bayern two years ago, we struggled enormously," said Sané. "Of course I want to become champions here again and cause a surprise or two in the Champions League." Amid cheers from awaiting fans, Sané added: "It's already loud here, so I can't wait to have my first game at home in front of the fans." Sané joined Bayern from City in 2020 on a €50 million ($57.1 million) transfer. Advertisement The German international has been one of Bayern's top earners and reportedly refused a significant pay cut during tough negotiations to extend his contract. "Thank you to the club, the coaching staff, everyone behind the scenes, my teammates, and especially you, the fans, for the time we've shared and the memories we've made," he said in his X message. However, his final game for the club may still lie ahead, as Bayern face three group games and a potential round of 16 clash in the US-based Club World Cup before his contract runs out.
