Texas football coach Steve Sarkisian puts home on market, but isn't leaving Austin

University of Texas football head coach Steve Sarkisian has put his home on the market, but he's not leaving Austin.

The house, which has 5,331 square feet and five bedrooms, was listed for sale this week with an asking price of $7.5 million. The property, at 3300 Parks Hills Drive in Rollingwood, has an appraised value of $4.9 million, according to the Travis Central Appraisal District.

Drew Tate, an Austin real estate broker who has the listing, said Sarkisian and his family have already moved into a newly built home that is a better fit.

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"It's basically the same size, the layout is a bit more suited to what they were looking for," said Tate, who is with Tate Property.

Sarkisian was hired to take over the Longhorns football program in January 2021. He was most recently the offensive coordinator for the University of Alabama, and he also has been head coach at the University of Washington and the University of Southern California. He has a record of 7-9 with Texas, including a 5-7 mark last year and 2-2 so far this season.

At the time Sarkisian was hired by UT in 2021, Austin "was a really tight market, with multiple offers and properties selling the first day on the market," said Tate, who represented the Sarkisians during their first Austin home search. "It was a crazy real estate time."

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Now, the market "has softened comparatively," he said. "It's really moving closer to normal. For so long, we had so little inventory and so many buyers who were coming from out of town and running prices up. That has slowed."

Houses for sale in Austin were on the market for an average of 25 days last month, according to the Austin Board of Realtors. The median sales price of a house in the metro area is currently $555,000.

"A 30% increase year-over-year in prices, which we have seen — that's not sustainable," Tate said. "The market is really moving closer to normal."

This article originally appeared on Austin American-Statesman: Texas football coach Steve Sarkisian puts Austin home on market