Market Monday: October 12th, 2026
Welcome, y'all. Builders just lined up 1,591 new homes around Austin, and 2,000 jobs are headed to Hutto.
🚐 What's happening with Austin home prices
Zillow's home value index puts the typical Austin home at $497,418 as of the end of August. Homes went pending in a median of 49 days.
Well-priced homes are moving, and buyers have real options to tour and compare.
Nationally, Redfin reported that sellers offered concessions in 44.7% of home sales in August. For sellers, a rate buydown or help with closing costs can bring in more buyers.
🌶️ Mortgage rates this week
Freddie Mac's 30-year fixed averaged 7.40% on October 8, and the 15-year fixed was 6.73%. If you're shopping, ask your lender about rate locks and buydowns.
🪺 Builders keep planning ahead
Tri Pointe Homes plans 410 single-family homes and townhomes at Pearson Ranch, near West Parmer Lane and SH 45. Site work starts in early 2027, and home construction follows late that year.
In southeast Georgetown, Hillwood's 800-home Melina neighborhood added Perry Homes, David Weekley Homes and Newmark Homes as builders. Homes will run $400,000 to $700,000, with models expected in spring 2027.
Pflugerville's Planning and Zoning Commission approved revised plans for Cameron Ranch on October 5. The 150-acre site calls for 381 units, with Meritage Homes building and first homes expected in 2028.
Down in San Marcos, city council took a first vote to annex and rezone two parcels at La Cima. The changes could unlock 325 home lots. A second reading is set for October 20.
🦛 Blue Origin lands in Hutto
Blue Origin confirmed on October 8 that it's coming to Hutto. The project is pegged at more than $550 million, with up to 2,000 jobs over 10 years at an average salary of $88,000. It joins Tesla, ASML and nearby Samsung along the Highway 79 corridor.
🎸 Business and development news
The owner of the original Threadgill's site at 6416 N. Lamar Blvd. filed on October 5 to extend its approved plans, which expire October 20. The plan restores the 1933 gas station building and adds a five-story, 98-unit apartment building behind it.
First Light Books filed plans for a second store at 1308 West Lynn St. in Clarksville, inside the former St. Luke United Methodist Church. Renovation is set to start in January 2027, with a July 2027 target.
Georgetown is looking for a development partner for about 16,000 square feet of retail wrapped around a new 450-space downtown garage at East Ninth and South Main. Proposals are due November 12.
UT Austin leaders say the future UT Dell Medical Center in North Austin will get its own tower. The hospital is expected to start treating patients in 2030.
🍖 New openings and food news
Michelin awarded new stars to Fabrik and Kappo Kappo on October 8. Austin now holds 7 of Texas's 19 Michelin stars.
H-E-B opened its 114,000 square foot San Marcos store at 1074 E. McCarty Ln. on October 7. It includes the town's first True Texas BBQ, with a drive-thru.
Urban Egg planned to open its first Austin location on October 12 at 7600 Burnet Rd., Suite 250.
Wheatsville's South Lamar store is here to stay, and the Mangiasaurus sculpture moves there by crane on October 25 at 10 a.m.
Preservation Austin's Legacy Business Month passport runs through October 31. Pick up stamps at spots like Westgate Lanes, Texas Chili Parlor and Casey's New Orleans Snowballs.
🌱 What this means if you're buying or selling in Austin
New homes, new jobs and new places to eat keep coming to the Austin area. Buyers have options and time to make a smart choice. Sellers who price well and offer flexibility, like a rate buydown, are getting deals done. If you want to talk through what this means for you, reach out anytime.
