Hyde Park Market Report, July 2026: Off-Markets, Land Value, and Inventory
- 11 minutes ago
- 4 min read
This one is coming just a bit late this month!
We continue to see Hyde Park as one of the best neighborhoods for clients moving from Los Angeles to Austin or from New York to Austin.
The walkability in the Hyde Park area and access to local grocery stores, coffee shops, and restaurants without ever getting in your car is a huge draw for people moving from Chicago to Austin who have adapted to a car-free lifestyle, making this one of the best neighborhoods in Austin for our transplants from larger cities.
In these reports, we focus on single-family home inventory in the Hyde Park neighborhood, since condominiums tend to beat to their own drum, and Austin condominium inventory is currently extremely high. Focusing on homes in Hyde Park in this report lets us get a true feel for the Hyde Park real estate market.
There are currently 30 active single-family properties in the Hyde Park area. Seven have gone under contract in the last month, and four have closed in the last month on the MLS.
Competition for well-priced, well-prepared Hyde Park homes has been fierce. The data below shows the properties that are on the MLS, but the real story in Hyde Park is the properties that are off-market.
In the last 12 months alone, we have been a part of 5 off-market property transactions in Hyde Park. Several of our off-market listings have gone multiple offer, garnering our sellers between .75% and 3.5% more than we expected the property may get on the MLS.
We have also learned of 4 more properties that sold off-market in Hyde Park where our clients weren't actively involved. In the last 12 months, approximately 50 homes transacted on the MLS—this back-of-the-envelope math indicates that about 15-20% of Hyde Park inventory trades off-market.
Our recommendation for potential home buyers seeking the best real estate agent in Austin to help with a purchase: make sure your realtor is plugged into off-market inventory. If an agent does fewer than 10 transactions a year, it is not likely that they know who to call or where to look to find that off-market inventory. No, it is not rude to ask them how many transactions they do annually.
Incredible demand for the Historic District has pushed the neighborhood's median sales price back to 2022 levels. Land value continues to drive the Hyde Park North Loop area, with lot values between $ 500,000 and $700,000 depending on location, size, and, of course, trees! :-) At the end of the day, land value increases based on how large a home can be built on the piece of land.
As usual, we expect the real estate market to quiet down after September, but of course check in with us as we generally have one or two super great listings in the Fall!
We definitely did last year.
Next in Hyde Park news!
We are getting ready for the Fire Station Festival and our always epic Halloween in Hyde Park, quickly followed by the Hyde Park homes tour.
See you in the fall with more analysis!
Frequently asked questions
Is Hyde Park a buyer's or seller's market right now?
A seller's market. As of May 2026, Hyde Park has 2.16 months of inventory (under three months favors sellers), down from 4.88 a year earlier, with homes selling in a median of 6.5 days at about 99% of asking price.
Did Hyde Park home prices really drop?
No. The median sales price looks lower year over year, but that is a mix artifact: last May had only 4 sales skewed toward high-end homes, while this May had 10 sales across a broader range. The more reliable measure, price per square foot, is actually up about 33% (to a $610 median).
How fast are homes selling in Hyde Park?
Quickly. The median days on market in May 2026 was 6.5 days, down from 20.5 a year ago, and homes are closing within roughly 1% of their asking price.
What is the best metric to value a Hyde Park home?
Price per square foot and recent comparable sales, adjusted for condition, are far more reliable than median sale price, which can swing wildly month to month based on the small number and mix of homes that happen to sell.
*Data source: Unlock MLS, Hyde Park single-family residential, May 2026 compared with May 2025. Figures are neighborhood aggregates and not a valuation of any specific property. Jen Berbas is the team lead of the Berbas Group in Austin, Texas, and a former statistical arbitrage trader who brings a data-driven approach to Hyde Park and historic Austin real estate. [berbasgroup.com](https://www.berbasgroup.com/)*
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As always, real estate is hyperlocal and extremely situational, so please reach out to us to discuss your specific situation. We’d love to help you and strategize what’s in your best interest.
Cheers!
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