Tierra Madrones is a neighborhood located in Austin, Texas.
Since most homes around Tierra Madrones are owner-occupied, people put a lot of effort into maintaining the outward appearance of their homes. This neighborhood boasts a large number of residents with some kind of college-level degree. In terms of income, those who live in this neighborhood tend to be on the higher end of the scale.
In Tierra Madrones, home prices noticeably dropped 5 percent last year to reach $2,674,153 from a previous $2,815,714. Meanwhile, inventory rose noticeably by 25 percent to 5 homes for sale, creating a less competitive market for buyers looking to relocate here.