Austin real estate

Austin housing market

Austin home prices

Real estate trends

Austin real estate trends

Real estate analysis

housing market trends

Austin property market

Austin real estate market

real estate data

Texas real estate

real estate market analysis

real estate market trends

real estate market

Austin home sales

real estate insights

Housing market analysis

real estate statistics

Austin Home Prices Fall to Early 2021 Levels: January 2025 Market Analysis The Austin real estate market continues to shift as the <a href="https://teamprice.com/residential-price">median sold price for January 2025 dropped to $399,990</a>, marking the lowest level since February 2021. This represents a 4.8% decrease from January 2024, when the median price was $420,000, and a 3.7% decline from January 2023. The ongoing downward trend highlights a significant cooling from the record highs seen in 2021 and 2022. The peak of the Austin housing market occurred in May 2022, when the median sold price reached an all-time high of $538,000. Since then, the market has experienced a substantial correction, with prices declining by $138,010, or 25.7%. This correction suggests that home values have adjusted to changing economic conditions, particularly as higher mortgage rates have reduced affordability for many buyers. Despite recent declines, home prices in Austin remain higher than they were before the pandemic-driven market surge. In January 2020, the median sold price was $299,291, meaning home values have increased by 33.6% over the past five years. However, the rapid growth seen in 2021 and 2022 has largely been erased. Compared to January 2021, when the median price was $359,487, prices are now just 11.4% higher. This data indicates that the Austin housing market has returned to a more sustainable trajectory after years of extreme volatility. Looking at longer-term trends, the median sold price in January 2015 was $236,000. Over the past decade, Austin home prices have increased by 69.5%, reinforcing the region’s long-term growth despite recent market adjustments. The <a href="https://teamprice.com/appreciation-year-over-year-city">annual appreciation rate</a> from 2015 to 2020 averaged 5.7%, but this rate accelerated dramatically during the pandemic housing boom before returning to more stable levels in 2023 and 2024. Month-over-month data further illustrates the market’s cooling trend. In February 2024, the median sold price was $430,000, slightly higher than January’s $420,000, but the following months saw gradual declines. By September 2024, prices had fallen to $418,000, and in December 2024, the median sold price was $435,000. The steady decrease suggests that Austin’s housing market has been adjusting to new economic conditions rather than experiencing a sudden crash. Affordability remains a key factor in these market adjustments. <a href="https://teamprice.com/30-year-fixed-mortgage-rate">Rising mortgage rates</a> have significantly impacted buyer purchasing power, leading to a slowdown in demand. In contrast to the intense competition and multiple-offer scenarios seen in 2021 and early 2022, buyers in today’s market have more negotiating power. Inventory levels have also increased, allowing for greater selection and reducing the urgency to buy immediately. These factors combined have contributed to the decline in median sold prices. Although <a href="https://teamprice.com/austin-area-top-30-cities-value-monitor">prices have fallen from their peak</a>, Austin’s real estate market remains strong in the long term. The city continues to attract new residents, and demand for housing persists, particularly as the broader economy stabilizes. If mortgage rates begin to decrease later in 2025, buyer confidence may improve, leading to renewed demand and potential price stabilization. For now, the data shows that Austin home prices have returned to early 2021 levels, offering a more balanced market for buyers and sellers alike. As the year progresses, the market’s direction will depend on interest rates, inventory levels, and economic conditions. While uncertainty remains, the current trend indicates that Austin’s housing market is finding a new equilibrium after years of rapid change.&nbsp;<div class="se-component se-image-container __se__float-center"><figure><img src="https://closehack-backblaze.s3.us-west-004.backblazeb2.com/agent_richtext/20250204104816.jpg" alt="" width="" height="" style=""></figure></div>​ <div class="se-component se-image-container __se__float-center"><figure><img src="https://closehack-backblaze.s3.us-west-004.backblazeb2.com/agent_richtext/20250204104825.jpg" alt="" width="" height="" style=""></figure></div>​

The Austin housing market saw its median sold price drop to $399,990 in January 2025, the lowest level since early 2021. With a 25.7% decline from peak prices in May 2022, affordability shifts and rising mortgage rates continue to reshape buyer demand

Austin Housing Market Update: January 2025 Prices Drop to 2021 Levels

<a href="https://teamprice.com/price-per-square-foot">Austin Real Estate: Price Per Square Foot</a> Analysis for 2025 :&nbsp;The real estate market in Austin is always evolving, and <a href="https://teamprice.com/price-per-square-foot">price per square foot</a> remains a critical metric for buyers, sellers, and investors looking to understand current trends. As of January 29, 2025, there are 2,971 active residential listings in the city. This data provides insight into pricing patterns, property size preferences, and affordability in the Austin housing market. One of the most notable takeaways from the current market data is the concentration of listings in the mid-size home category. Properties between 1,000 and 1,750 square feet make up a significant portion of the available inventory. The 1,000 to 1,250 square foot range accounts for 330 active listings, while the 1,250 to 1,500 square foot category has 332 listings. Homes ranging from 1,500 to 1,750 square feet represent another 303 listings. Combined, these three segments account for nearly one-third of the total active residential properties in Austin. In terms of price distribution, the majority of listings fall between $500,000 and $1,000,000. Homes in the $500,000 to $750,000 range make up 6% of the market, while pricing trends indicate that properties in this range tend to be among the most actively listed. However, listings become increasingly scarce at both ends of the price spectrum. There is only one listing available under $250,000, reinforcing the challenges buyers face when looking for affordable housing options in Austin. On the higher end, properties priced above $1,000,000 make up about 3% of the market, catering to a more exclusive segment of homebuyers. Larger homes—those above 3,000 square feet—represent a smaller portion of the total inventory. Listings in the 3,000 to 3,250 square foot category account for only 98 homes, or about 3.3% of the market. The number of available homes continues to decrease as square footage increases, with only 50 homes listed between 3,750 and 4,000 square feet. Properties exceeding 5,000 square feet are rare, making up just 0.6% of the total inventory. For sellers, the data highlights the importance of strategic pricing, particularly for those listing homes in the competitive $500,000 to $1,000,000 range. With a large volume of properties available in this bracket, differentiating through home improvements, location advantages, or competitive pricing could be crucial for a faster sale. Meanwhile, sellers with larger homes may experience longer listing periods due to limited buyer demand for high-square-footage properties. For buyers, the mid-size home category provides the most options, especially in the $500,000 to $750,000 range. However, those looking for homes under $250,000 will likely face limited opportunities. The data also suggests that larger homes remain a niche market, with fewer available options for those seeking high-end properties with expansive square footage. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250130014207.jpg" alt="" width="" height="" style=""></figure></div>​ As Austin’s real estate market continues to shift, monitoring <a href="https://teamprice.com/price-per-square-foot">price per square foot</a> trends and inventory levels will remain essential for making informed real estate decisions. Whether buying or selling, understanding these patterns can provide a strategic advantage in navigating Austin’s competitive housing market in 2025​

Latest price per square foot trends in Austin’s real estate market for 2025. This detailed analysis breaks down active listings by price and square footage, helping buyers and sellers navigate the housing market with data-driven insights

Austin Real Estate Prices in 2025: Price Per Square Foot Analysis & Market Trends

Austin Real Estate Market: A Detailed Analysis of Active Listings :&nbsp;As of January 15, 2025, the Austin real estate market is exhibiting significant shifts in <a href="https://teamprice.com/active-residential-listings">active residential listings</a>, reflecting both seasonal trends and broader market dynamics. Currently, there are 11,120 active residential listings across the Austin area, marking a 12.7% increase from the previous year. Despite this annual growth, the market has seen a substantial decline from the peak of 15,503 active listings recorded in mid-July 2024, representing a 28% drop in available inventory. Month-over-month, active listings have decreased by 7.99%, signaling a contraction in housing supply as the market adjusts post-peak season. This decline is further emphasized by the daily and weekly reductions in listings throughout December 2024 and January 2025. Notably, the largest daily drop occurred on January 1, 2025, with a reduction of 479 listings. The Months of Inventory (MOI) currently stands at 3.88, up from 3.45 a year ago, reflecting a 12.4% increase. This suggests a slight shift towards a more balanced market, yet it still leans towards a seller's market. The Activity Index, a critical measure of market demand, is at 23.2%, down from 26.2% in the previous year, indicating a modest decline in buyer engagement. Breaking down the property conditions, resale homes dominate the market with 6,433 listings, accounting for 57.9% of the active inventory. New construction homes make up 20.2% with 2,246 listings, while properties under construction contribute 12.7% with 1,407 listings. Notably, updated or remodeled homes represent 5.5% of the market, showcasing a significant demand for move-in-ready properties. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250115010223.png" alt="" width="" height="" style=""></figure></div> Price adjustments have been evident across all property types. Resale homes have seen an average price drop of 6.8%, with an average list price of $730,327. New construction properties have experienced a 7.2% price reduction, bringing their average price to $693,237. Homes under construction have an average list price of $550,852, reflecting a 6.5% decline. These adjustments highlight sellers' responses to market pressures and the need to stay competitive. Geographically, Austin leads with 2,864 active listings, followed by Georgetown with 894 listings and Round Rock with 417 listings. The distribution of active listings varies significantly by city, with areas like Jarrell experiencing a notable 16.1% activity index, suggesting heightened market movement in smaller, emerging markets. Foreclosure and distressed properties constitute a small portion of the market. Real Estate Owned (REO) properties account for 0.95% of active listings, while short sales and pre-foreclosure homes make up 0.33% and 0.11%, respectively. This low percentage indicates a relatively stable market without significant distress-driven sales. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250115010245.png" alt="" width="" height="" style=""></figure></div> Vacancy rates also provide insight into market conditions. Of all active listings, 65.8% are vacant, 30.1% are owner-occupied, and 4.1% are tenant-occupied. Cities like Kyle and Jarrell have higher vacancy rates at 80.4% and 76.8%, respectively, reflecting potential opportunities for buyers seeking immediate occupancy. The median days on the market for active listings is currently 83 days. Approximately 32.9% of homes have been listed for 50 days or fewer, while 42.4% have been on the market for over 100 days. This distribution indicates a mix of quick sales and longer-standing inventory, offering diverse options for buyers. Overall, the Austin housing market in early 2025 presents a dynamic environment with increasing inventory levels, moderated buyer activity, and strategic price adjustments. These trends create opportunities for both buyers and sellers to engage in a market that is gradually moving towards equilibrium.&nbsp;

Explore the latest trends in Austin's real estate market for January 2025. Learn how active listings, inventory levels, and price adjustments are shaping opportunities for buyers and sellers across the region

Austin Housing Market Update: Active Listings and Trends for January 15 2025

Austin Housing Market Update January 2025: Inventory, Pricing, and Trends : The Austin housing market is currently navigating a dynamic period marked by significant shifts in inventory, activity, and pricing. As of January 14, 2025, active residential listings in the Austin area stand at 11,124, reflecting an 8.56% decrease month-over-month and a 12.7% increase year-over-year. Despite this growth compared to last year, inventory levels have been on a steady decline from a peak of 15,503 active listings in July 2024, indicating tightening market conditions.​Pending listings have shown a slight contraction, with 3,349 properties under contract, marking a 3.5% year-over-year decrease. This dip in pending sales is directly tied to rising mortgage rates, which have steadily climbed to 6.93% as of January 9, 2025. Higher borrowing costs have led to decreased affordability, making it more challenging for buyers to enter the market. Additionally, the surge in homeowners insurance premiums has further strained affordability by driving up the total cost of ownership, particularly impacting monthly PITI (Principal, Interest, Taxes, and Insurance) payments. These combined pressures are causing buyers to pull back, leading to softened demand.​The Activity Index, a measure of market engagement, has also declined to 23.1%, representing an 11% drop compared to the previous year. This downturn highlights a slowdown in transactional activity, influenced by rising interest rates and affordability constraints.&nbsp;The Months of Inventory (MOI) has risen to 3.89, a 12.2% increase from last year, indicating a more balanced market leaning slightly towards buyers. This rise suggests that properties are staying on the market longer, offering buyers more options and negotiating power.​Analyzing property conditions, resale homes make up 57.9% of active listings, averaging a price of $730,233, down 6.8%. New construction accounts for 20.2% of listings, with an average price of $693,014, a 7.3% decline. Under-construction homes, comprising 12.6% of the market, average $551,569, reflecting a 6.5% price drop. These trends indicate broader pricing adjustments across different property conditions, possibly as sellers adapt to evolving market dynamics driven by affordability challenges.​Special listing conditions, including foreclosures and short sales, represent a small yet notable portion of the market. Real estate-owned (REO) properties account for 0.94% of active listings, averaging $636,531—a 7.4% decrease. Short sales, making up 0.33% of listings, average $420,082, reflecting an 8.7% drop. These segments highlight distressed property trends that could influence overall market pricing and buyer interest. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250114125755.png" alt="" width="" height="" style="" origin-size="1672,567"></figure></div>​Geographically, market activity varies. Austin leads with 2,877 active listings, showing a 2.2% price increase, while suburban markets like Georgetown and Pflugerville have 890 and 273 listings, respectively. Georgetown has experienced a 6.2% price increase in pending sales, and Pflugerville leads with a 7% rise in activity. Notably, Kyle and Manor show robust pending sales growth of 7.3% and 6.5%, reflecting growing demand in these areas despite broader affordability challenges.​The market's occupancy status reveals that 65.7% of listings are vacant, offering immediate move-in opportunities, while 30.2% are owner-occupied, and 4% are tenant-occupied. This mix suggests a healthy supply of ready-to-sell properties, potentially catering to buyers seeking swift transactions. In conclusion, the Austin housing market is exhibiting signs of moderation with rising inventory and softened buyer demand. Higher mortgage rates and increasing homeowners insurance premiums are applying upward pressure on monthly housing costs, leading to greater buyer hesitation. However, the year-over-year increase in active listings and the diversity in property conditions indicate evolving opportunities for both buyers and sellers. Understanding these detailed market trends is essential for navigating the current landscape effectively.&nbsp; Visit our <a href="https://teamprice.com/active-residential-listings">Active Residential Listings in the Austin-Area</a> page under <a href="https://teamprice.com/insight-and-statistics">Insight and Statistics</a> for the latest data and information on real estate inventory in the Austin-Area.&nbsp;&nbsp;

Latest Austin housing market trends for January 2025. Understand changes in inventory, buyer demand, pricing, and how property conditions are shaping the real estate landscape

Austin Housing Market Update January 2025: Inventory, Pricing, and Trends

Austin Housing Market Trends: 2024 vs 2025 Detailed Analysis : The Austin Area housing market experienced notable shifts between 2024 and 2025, reflecting evolving trends in inventory, pricing, and market dynamics across major cities. This comparative analysis offers a detailed look at how the market transitioned over the course of a year, providing valuable insights into buyer and seller behavior. In 2024, <a href="https://teamprice.com/cities/austin-tx">Austin</a> reported 2,577 active residential listings with an average price of $1,078,628 and a median price of $674,999. The market had 4.35 months of inventory, positioning it in a balanced state leaning slightly toward a seller's market. By 2025, active listings in Austin grew to 2,877, a 12% increase. However, the average price declined to $977,610, while the median price dropped to $597,000. The months of inventory decreased to 4.01, indicating a tighter market despite the increased inventory. <a href="https://teamprice.com/cities/bastrop-tx">Bastrop</a>'s market dynamics also shifted noticeably. In 2024, Bastrop had 235 active listings with an average price of $502,036 and a median price of $458,000. The months of inventory stood at 4.90, categorizing it as a neutral market. In 2025, listings rose to 262, and the average price slightly increased to $520,433. However, the median price declined to $424,995, and months of inventory increased to 5.70, moving Bastrop into a more balanced, neutral state. <a href="https://teamprice.com/cities/buda-tx">Buda</a> experienced significant changes in its housing market. Active listings rose from 158 in 2024 to 229 in 2025. The average price decreased from $546,344 to $462,567, and the median price dropped from $429,950 to $389,999. The months of inventory increased from 2.29 to 3.40, showing a shift toward a more balanced market from a strong seller's market. <a href="https://teamprice.com/cities/burnet-tx">Burnet</a> saw its average price fall from $927,060 in 2024 to $738,026 in 2025, alongside a median price drop from $579,000 to $510,000. Active listings increased from 87 to 98, but the months of inventory slightly decreased from 7.91 to 7.74, maintaining Burnet's position in a buyer's market. <a href="https://teamprice.com/cities/cedar-park-tx">Cedar Park</a> experienced a shift toward a stronger seller's market. Active listings rose from 96 in 2024 to 110 in 2025. The average price dropped from $652,478 to $607,751, and the median price remained relatively stable, increasing slightly from $507,250 to $509,500. Notably, months of inventory decreased from 2.87 to 1.96, marking Cedar Park as a competitive seller's market. <a href="https://teamprice.com/cities/dripping-springs-tx">Dripping Springs</a> saw a notable reduction in inventory pressure. In 2024, it had 189 active listings with an average price of $1,074,554 and a median price of $849,900. The months of inventory were high at 7.27. By 2025, listings declined to 166, and while the average price increased to $1,156,619, the median price dropped to $789,000. The months of inventory decreased to 3.72, transitioning Dripping Springs to a more balanced market. <a href="https://teamprice.com/cities/georgetown-tx">Georgetown</a>'s active listings increased from 740 in 2024 to 890 in 2025. The average price dropped from $580,779 to $567,712, and the median price fell from $528,971 to $509,545. The months of inventory also decreased from 3.71 to 3.59, maintaining its status as a market favorable to sellers. <a href="https://teamprice.com/cities/hutto-tx">Hutto</a> saw growth in inventory from 178 listings in 2024 to 210 in 2025. The average price slightly decreased from $477,298 to $475,218, while the median price increased from $401,506 to $415,000. Months of inventory rose from 2.16 to 3.94, indicating a shift toward a more balanced market. <a href="https://teamprice.com/cities/lago-vista-tx">Lago Vista</a> experienced a decline in average pricing from $661,890 in 2024 to $627,168 in 2025, with median prices remaining stable at $525,000. Active listings slightly decreased from 185 to 183, and months of inventory dropped from 9.02 to 8.58, continuing its trend as a buyer's market. Overall, the Austin Area showed a trend of increasing inventory and softening prices from 2024 to 2025. Seller's markets became more balanced in many areas, while buyer's markets like Burnet and Lago Vista remained steady. Understanding these shifts in market dynamics provides crucial insights for buyers and sellers navigating the evolving real estate landscape in Central Texas

Explore the significant shifts in the Austin and Austin Area housing markets between 2024 and 2025. Learn how inventory levels, median prices, and market dynamics evolved, providing valuable insights for buyers, sellers, and investors

Austin Housing Market Trends: 2024 vs 2025 Detailed Analysis

Austin Housing Market 2025: Hottest &amp; Coldest Areas and Price Trends : The Austin real estate market is showcasing distinct trends across various regions and price points, highlighting both hot and cold segments. <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">Absorption rates</a>, a crucial measure of market demand, reveal how quickly available homes are selling. This analysis dives into the hottest and coldest markets, offering insights into what these trends mean for both buyers and sellers navigating Austin's evolving housing landscape.​Top 5 Hottest Markets in Austin Real EstateCedar Park leads as one of the hottest markets in Austin. Homes priced around $300,000 in Cedar Park show an impressive 89% <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">absorption rate</a>, with $400,000 homes at 61% and $900,000 properties reaching 117%. This sustained demand suggests that buyers must act quickly and come prepared with competitive offers.Round Rock, particularly in the 78681 zip code, exhibits strong market activity. The $300,000 price range holds a 67% absorption rate, the $700,000 range sits at 58%, and $800,000 homes peak at 150%. Buyers targeting Round Rock should expect fast-moving inventory and may need to consider pre-approval and flexible negotiations.Dripping Springs shows high demand, especially in the $300,000 market with a 117% absorption rate. The $500,000 and $600,000 markets follow with 49% and 41% rates, respectively. Buyers should anticipate limited availability and competitive bidding in this area.Leander is another red-hot market, with the $300,000 range at 113% absorption and the $800,000 range at 57%. Buyers interested in Leander should move swiftly and be prepared for bidding wars.Austin's 78728 zip code stands out with a 150% absorption rate for $300,000 homes, while the $400,000 and $500,000 ranges show 50% and 67% rates. Buyers in this area must act decisively as homes are selling quickly.​Top 5 Coldest Markets in Austin Real EstateElgin's high-end market remains slow, with $700,000 to $1,000,000+ homes reflecting a 0% <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">absorption rate</a>. Buyers in this segment may explore price reductions or seller concessions. Manor displays stagnant demand in the $800,000 and $900,000 price ranges with 0% absorption. Buyers can leverage this by negotiating better terms and pricing.Marble Falls shows slower activity in higher price points, particularly in the $800,000 and $1,000,000+ ranges, where absorption rates are minimal. Buyers here may have more room to negotiate.Taylor sees limited demand in the $800,000 market with absorption rates near 0%. Buyers can expect less competition and more flexibility in negotiations.Pflugerville experiences slower movement in the $800,000 and above ranges, with absorption rates lagging. Buyers may find opportunities for favorable pricing in these segments. Implications for BuyersFor buyers targeting hot markets, such as Cedar Park, Round Rock, and Dripping Springs, preparation is key. These areas experience rapid home sales, requiring buyers to secure financing early, act swiftly, and possibly enter bidding wars. Competitive offers and flexibility can improve the chances of success.Conversely, buyers exploring cold markets like Elgin, Manor, and Marble Falls may enjoy greater negotiation power. Slower-moving inventory allows more time for due diligence and potentially securing homes below the asking price. This could be ideal for buyers seeking value or those interested in luxury properties.&nbsp;Understanding where the market is hot or cold helps buyers and sellers make informed decisions. Staying updated on <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">absorption rates</a> and regional demand is essential for navigating Austin's dynamic real estate market successfully. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250114121926.png" alt="" width="" height="" style=""></figure></div>

Explore the 2025 Austin housing market with in-depth analysis of the hottest and coldest areas and price points. Discover where homes are selling fastest and where buyers can find the best deals in Cedar Park, Round Rock, Dripping Springs, Leander, and more. Stay informed with key real estate trends and absorption rates across Austin

Austin Housing Market 2025: Hottest & Coldest Areas and Price Trends

Austin Real Estate Market Decline: A Detailed Look at Price Drops The Austin real estate market has experienced noticeable price adjustments in recent months. A detailed analysis of residential prices in both the broader Austin-Area MLS and the City of Austin reveals significant drops across various metrics, from listing prices to sold prices. By examining the data from peak periods and comparing it to current market conditions, we gain a clearer understanding of how the market has evolved and where it stands today. Starting with the Austin-Area MLS, the average list price peaked in March 2023 at $708,929, but as of the latest data, it stands at $638,127. This represents a drop of $70,802 or about 10.0%. Similarly, the median list price reached its peak in May 2022 at $539,900 and has since fallen to $469,000, marking a decrease of $70,900, or a 13.1% decline. When it comes to average sold prices, the peak occurred in May 2022 at $664,515, and the current average sold price is $525,709, which is a drop of $138,806 or 20.9%. The median sold price followed a similar trend, peaking at $538,000 in May 2022 and dropping to $412,270, reflecting a decline of $125,730 or 23.4%. The price per square foot in the Austin-Area MLS also shows significant reductions. The average sold price per square foot peaked in April 2022 at $324 and has dropped to $248, a decrease of $76 or 23.5%. The median sold price per square foot was $280 in April 2022 but has since fallen to $211, representing a 24.6% decline. Turning our attention to the City of Austin, we see similar trends with slightly smaller drops. The average list price peaked in April 2024 at $945,435 and is currently at $874,288, which marks a decrease of $71,147 or 7.5%. The median list price reached its peak in May 2022 at $658,589 and is now at $577,000, a drop of $81,589 or 12.4%. The average sold price also peaked in May 2022 at $847,583 and is now $705,730, reflecting a decline of $141,853, or 16.7%. Similarly, the median sold price peaked at $680,000 in May 2022 and dropped to $547,000, showing a decline of $133,000, or 19.6%. For both the average sold price per square foot and the median sold price per square foot, the figures show notable drops in the City of Austin. The average sold price per square foot peaked in May 2022 at $442 and now stands at $336, reflecting a decrease of $106 or 24.0%. The median sold price per square foot showed the most significant drop, from $393 in April 2022 to $211 now, a 27.0% decrease. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250111112734.png" alt="" width="" height="" style=""></figure></div>​ These figures paint a clear picture of the current Austin real estate market, which has seen widespread price declines across both the broader area and the city itself. These drops are significant, with the City of Austin experiencing slightly less pronounced reductions than the Austin-Area MLS as a whole. As buyers and sellers navigate this evolving market, understanding these trends is crucial for making informed decisions. With these market shifts, it's evident that the real estate landscape in Austin has undergone a substantial change. This comprehensive data-driven view of the market provides clarity for both prospective buyers and sellers, enabling them to assess the market from a more informed standpoint. As the market continues to adjust, it will be essential to monitor these shifts and how they impact the broader real estate dynamics​

Explore the latest trends in the Austin real estate market with a detailed look at price declines in both the Austin-Area MLS and the City of Austin. This analysis highlights significant drops in average and median prices, including list prices, sold prices, and price per square foot. Whether you're buying or selling in Austin, understanding these trends can help you navigate the current market

Austin Real Estate Market Update: Significant Price Drops Across Listings and Sales

Austin Real Estate Market Correction: Median Home Prices Drop 27% Since 2022 Peak :&nbsp;The Austin housing market, encompassing the six-county area of Travis, Williamson, Bastrop, Hays, Caldwell, and Burnet, has undergone significant shifts over the past two decades. This comprehensive analysis examines the median sold price trends from 2000 through early 2025, highlighting the remarkable growth, peak valuations, and the subsequent market correction. From 2000 to 2019, the Austin area's real estate market demonstrated steady and consistent growth. In January 2000, the median sold price was $133,500. This figure steadily increased over the years, reaching $319,999 by December 2019. This nearly two-and-a-half-fold increase over two decades reflected Austin's booming economy, population growth, and rising demand for housing. The period between 2020 and 2022 marked an unprecedented surge in the market. In January 2020, the median sold price was $305,000. By May 2022, it skyrocketed to an all-time high of $550,000. This dramatic 80.3% increase in just over two years was driven by historically low mortgage rates, high demand, and limited housing inventory. The market experienced exceptional year-over-year growth, with some months in 2021 and early 2022 seeing price gains over 40%. For instance, July 2021 showed a 41.5% increase compared to July 2020. However, this period of rapid growth was followed by a notable market correction. Beginning in mid-2022, the median sold price began to decline as economic conditions shifted. By January 2025, the median sold price had fallen to $400,000, marking a significant 27.27% decrease from the May 2022 peak. This correction was influenced by rising interest rates, growing economic uncertainty, and an increase in housing inventory, which helped balance supply and demand. Examining the year-over-year changes during the correction phase reveals consistent declines in home prices. In July 2023, the median price was down 12.6% from the previous year. October 2023 saw an 8.7% drop, while the January 2025 figure of $400,000 reflected a steep decline from the $550,000 peak. This market adjustment indicates a shift toward more stabilized pricing in the Austin area. Seasonal trends have also played a role in the Austin housing market. Historically, the spring and early summer months (April through July) have seen higher median prices due to increased buyer activity. Conversely, the fall and winter months have generally experienced price stabilization or slight declines. These patterns persisted even during the market's most volatile periods, illustrating the cyclical nature of the real estate market. The impact of these trends varies across the six counties. Travis and Williamson counties likely led price growth due to their proximity to Austin's urban core and the expansion of suburban communities. Hays and Bastrop counties may have experienced accelerated growth as affordability concerns pushed buyers outward. Burnet and Caldwell counties probably saw more moderate growth but became more attractive as prices in central areas soared. This shift in the Austin housing market holds significant implications for buyers, sellers, and investors. Buyers may find increased opportunities as prices stabilize, although higher interest rates could affect overall affordability. Sellers must adapt their pricing strategies to align with current market conditions. Investors may view the market correction as a chance to acquire properties at lower prices, though careful market analysis remains essential. As the Austin housing market continues to evolve, tracking median sold price trends will be critical for understanding market health and making informed decisions. The current correction phase reflects a move toward normalization after a period of unprecedented growth. Whether this trend continues or shifts again will depend on various factors, including economic conditions, interest rates, and housing supply. The data presented in this analysis underscores the dynamic nature of the Austin real estate market and highlights the importance of staying informed about market trends to navigate buying, selling, and investing decisions effectively. The following information is updated daily on our <a href="https://teamprice.com/market-cycle">Austin Area Market Cycle</a> Insight and Statistics page.&nbsp; <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250112020227.png" alt="" width="" height="" style="" origin-size="1600,1149"></figure></div> <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250112020244.png" alt="" width="" height="" style=""></figure></div>

<h2>Austin Area Market Cycle : Updated Daily</h2> 
<iframe src="https://drive.google.com/file/d/14Svbl3FbEntRHDSw_VcQm6oJVUI6IWCs/preview" width="100%" height="700px" margin="auto" title="Market Cycle"></iframe>
 
<blockquote class="twitter-tweet">Austin Real Estate Market Correction: Median Home Prices Drop 27% Since 2022 Peak : <a href="https://t.co/ozGy9EQ2ER">https://t.co/ozGy9EQ2ER</a> <a href="https://t.co/LmnEXXXuYt">pic.twitter.com/LmnEXXXuYt</a>&mdash; Team Price | Austin Real Estate Broker (@teamprice) <a href="https://twitter.com/teamprice/status/1878263165189812610?ref_src=twsrc%5Etfw">January 12, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Austin's housing market has shifted from steady growth to a sharp correction. Analyze median sold price trends from 2000 to 2025 across Travis, Williamson, Bastrop, Hays, Caldwell, and Burnet counties, with insights on market peaks and current conditions

Austin Real Estate Market Correction: Median Home Prices Drop 27% Since 2022 Peak

Austin Median Sold Prices: January 2000 to January 2025 The Austin housing market has experienced significant changes over the past 25 years, as evidenced by the median sold prices recorded every January from 2000 to 2025. This comprehensive look at the data provides valuable insights into the trends, cycles, and shifts that have shaped the market, offering a clear picture of how the real estate landscape in Austin has evolved. In January 2000, the median sold price in Austin was approximately $133,500, reflecting the city’s relatively affordable market at the start of the millennium. Over the next decade, the market experienced steady growth, with the median price increasing by an average of 5% to 7% annually, reaching $174,500 by 2008. However, the global financial crisis caused a dip, with prices falling to $165,000 in 2009 and showing little movement in 2010. As the economy began to recover, so did Austin’s real estate market. Between 2011 and 2015, the median sold price rose from $199,850 to $275,000, fueled by population growth, economic expansion, and increased housing demand. This period marked the beginning of Austin’s emergence as one of the most sought-after housing markets in the United States. The years from 2016 to 2019 saw even more robust growth, with the median price climbing to $366,000 by the end of the decade. Austin’s growing reputation as a tech hub and its appeal to young professionals and families contributed to rising demand. The market continued its upward trajectory into 2020, even as the COVID-19 pandemic reshaped housing trends across the nation. Between 2020 and 2022, the Austin housing market experienced an unprecedented surge in prices. The median sold price jumped from $366,000 in January 2020 to a peak of $481,000 in January 2022, representing a 31.4% increase over two years. This historic growth was driven by low mortgage rates, an influx of buyers relocating to Austin, and a surge in demand for suburban homes. However, the rapid appreciation created challenges for affordability, pushing many buyers to the sidelines. In 2023, the market began to show signs of cooling. The median price declined by 6.5% from its peak, reflecting the impact of rising interest rates and a slowdown in buyer demand. By January 2025, the median sold price had stabilized at $420,705, marking a soft landing for the market rather than a crash. While prices remain significantly higher than pre-pandemic levels, the recent decline has created opportunities for buyers to re-enter the market. The data highlights the cyclical nature of the Austin real estate market, with periods of growth, decline, and recovery driven by broader economic and policy factors. Understanding these trends is essential for buyers, sellers, and investors seeking to navigate Austin’s housing market effectively.&nbsp; <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250108031819.png" alt="" width="" height="" style=""></figure></div> Are home prices in Austin dropping? Yes, home prices in Austin have seen a decline since their peak in May 2022. This article focuses on January median sold prices, which show a drop of 6.5% from January 2022 to January 2023. By January 2025, prices have stabilized at $420,705, indicating a soft landing rather than a crash.Is Austin in a housing crisis?While Austin experienced affordability challenges due to rapid price increases from 2020 to 2022, the market has stabilized. The decline in home prices and a more balanced supply have eased some pressure, reducing the intensity of these challenges.Is Austin real estate cooling down?Yes, the Austin real estate market has cooled significantly since its rapid growth during the pandemic. Rising interest rates and moderated buyer demand have slowed price increases, creating a more balanced market by 2025.Has the Austin real estate market hit bottom?The data suggests the market may have reached its bottom. January 2025 prices have stabilized at $420,705, following declines in 2023. While this article compares only January data, the broader trend reflects a steadying market.What was the peak of Austin’s housing market?The peak of Austin’s housing market occurred in May 2022, when the median sold price reached its highest point. This article focuses on January data, which shows the highest January median price was in 2022 at $481,000.What caused the rapid increase in Austin home prices during the pandemic?The pandemic-driven surge in prices was caused by low mortgage rates, remote work trends, and an influx of buyers relocating to Austin. High demand for suburban homes and limited inventory further fueled price increases.How has Austin's real estate market performed over the last 25 years?Austin’s housing market has shown consistent growth with cyclical fluctuations. The January median sold price increased from $133,500 in 2000 to $420,705 in 2025, reflecting strong demand and economic expansion over time.Are current home prices in Austin affordable?While prices remain higher than pre-pandemic levels, the recent decline in median sold prices and stabilization in 2025 have improved affordability compared to the 2022 peak.What factors are driving Austin’s real estate trends in 2025?The market in 2025 is influenced by stabilized prices, higher interest rates moderating demand, and a balanced supply of homes. These factors have contributed to a more neutral market environment.How can I take advantage of the current market conditions in Austin?Buyers can benefit from stabilized prices and increased inventory, while sellers should focus on competitive pricing and market readiness to attract buyers in this balanced market. ​

25 years of Austin housing market trends through January median sold prices. Understand the rise, fall, and stabilization of home prices in Austin from 2000 to 2025

Is Austin Real Estate Cooling? January Median Home Prices (2000-2025)

Is the Austin Market Recovering? Insights into Price Changes and Market Dynamics The Austin real estate market has undergone significant changes in recent years, highlighted by a notable decrease in the median list price for homes. This trend is evident when examining data from May 2022 to December 2024, showcasing a dramatic shift in the market dynamics. In May 2022, the <a href="https://teamprice.com/residential-price">median list price for homes in the Austin</a> area reached a peak of $539,900. This marked a high point in the market, reflecting robust buyer demand and limited inventory that characterized much of 2021 and early 2022. However, by December 2024, the median list price had declined to $425,000, representing a substantial drop of $114,900, or 21.3%, over the 31-month period. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223122457.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" width="" height="" data-size="," data-align="none" data-percentage="auto,auto" data-index="0" data-file-name="image.png" data-file-size="297154" data-origin="," style=""></figure></div> To better understand this trend, it is important to contextualize it within broader market conditions. The Austin real estate market experienced unprecedented growth during the years of 2020 and 2021, driven by factors such as remote work flexibility, a surge in population migration to Texas, and historically low mortgage rates. These factors contributed to a sharp <a href="https://teamprice.com/residential-price" class="on">increase in home prices</a>, culminating in the 2022 peak. The subsequent decline in median list prices can be attributed to a combination of factors. Rising interest rates beginning in late 2022 played a pivotal role in cooling the market, as higher borrowing costs reduced affordability for many buyers. Additionally, increased inventory levels throughout 2023 and 2024 helped to alleviate the supply-demand imbalance that had previously driven prices upward. This trend is further illustrated by seasonal fluctuations in pricing over the years. For instance, during the first quarter of 2024, the median list price hovered around $459,900 in February and $479,900 in March, before settling at $425,000 by December. These monthly variations highlight the typical ebbs and flows of the market, influenced by factors such as buyer activity and economic conditions. Despite the overall decline, the Austin real estate market remains dynamic. While the drop in prices may be concerning to sellers, it presents potential opportunities for buyers. A 21.3% reduction in the median list price has improved affordability, making homeownership more attainable for those who were previously priced out of the market. The question of whether the Austin market is crashing or recovering depends on perspective. The data suggests that the market has shifted toward stabilization after a period of extraordinary growth. Indicators such as declining prices, improved inventory levels, and fewer multiple-offer scenarios point to a market that is neither collapsing nor overheated, but rather adjusting to more balanced conditions. For those considering entering the Austin real estate market, whether as a buyer or seller, understanding these trends is crucial. Buyers can leverage the current conditions to negotiate better deals, while sellers may need to adjust expectations and pricing strategies to align with the evolving market landscape. In conclusion, the Austin area has seen a significant recalibration in median list prices from their peak in May 2022 to December 2024. This shift reflects broader economic changes and local market adjustments. As the market continues to evolve, staying informed about these trends will be essential for making sound real estate decisions.&nbsp;

Explore how Austin's real estate market has evolved with a 21% drop in median list prices from 2022 to 2024. Understand key factors influencing the market, from interest rates to inventory levels, and what it means for buyers and sellers

Is the Austin Housing Market Crashing or Stabilizing? Key Price Trends Explained

Understanding Austin Area Real Estate: Sellers, Buyers, and Neutral Markets December 22, 2024 : The Austin area real estate market continues to be a dynamic landscape, offering insights into both opportunities and challenges for buyers, sellers, and investors. Recent data underscores the variety of market conditions across the top 30 cities in the Austin area, categorized by the months of inventory available—a critical measure of market balance. Understanding these distinctions is vital for anyone navigating real estate in this vibrant region. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241222112737.png" alt="" width="" height="" style=""></figure></div> In December 2024, the Austin area showcased a spectrum of market types, from sellers' markets to buyers' markets, defined by months of inventory. A sellers' market, characterized by less than 4.9 months of inventory, signals high demand and limited supply. Austin, for example, reported 4.1 months of inventory, aligning with its reputation as a competitive market. Median prices in Austin stood at $599,000, with an average active listing price of $984,704, underscoring the city's strong position in the regional market. In contrast, buyers’ markets, with more than 7 months of inventory, were observed in cities such as Burnet and Dale. Burnet, with 9.42 months of inventory, had a median price of $529,500, reflecting more negotiating power for buyers. Similarly, Dale exhibited 11 months of inventory, further emphasizing its status as a buyers’ market. These conditions highlight opportunities for buyers looking to secure properties at potentially favorable terms in less competitive markets. Neutral markets, where inventory ranges from 5 to 6.9 months, were represented by cities such as Bastrop and Driftwood. Bastrop, with 5.8 months of inventory, had a median price of $424,900. Driftwood, known for its luxury appeal, showcased a median price of $1,257,500 and exactly 6 months of inventory, indicating a balanced environment between buyers and sellers. Georgetown and Cedar Park are other notable examples of sellers’ markets. Georgetown reported 3.28 months of inventory, a median price of $509,545, and a significant volume of active listings, illustrating its steady demand. Cedar Park, with just 2.09 months of inventory, reflected one of the strongest sellers' market conditions in the area, with median prices at $499,999.&nbsp;Cities like Hutto and Pflugerville also demonstrated robust sellers’ markets, with 3.25 and 2.86 months of inventory, respectively. Hutto’s median price reached $399,990, while Pflugerville’s stood at $435,000. These cities remain attractive for those seeking homes at relatively moderate price points compared to Austin. On the other hand, cities such as Smithville and Spicewood leaned toward buyers’ markets. Smithville’s inventory was at 7.36 months, with a median price of $341,900. Spicewood, with 10.08 months of inventory and a median price of $862,500, provided opportunities for buyers interested in higher-end properties with more time to negotiate.&nbsp;The data also revealed shifts in pricing dynamics across the region. Cities like Manor and Kyle showed competitive conditions with inventory levels at 3.7 and 3.33 months, respectively, while median prices were $390,103 and $363,945. Price trends across these cities reflect the nuanced nature of the Austin area market, where local factors heavily influence demand and supply. Overall, the Austin area real estate market demonstrates a diverse range of opportunities, with each city offering unique conditions. Whether navigating a competitive sellers’ market or exploring the advantages of a buyers’ market, understanding these dynamics is essential for success in real estate.&nbsp;If you are a real estate agent or thinking of becoming one, please reach out. We are expanding our team and hiring new and experienced agents. No license is required to schedule a meeting with me, Dan Price, Broker. You are welcome to call me directly to discuss opportunities at 512-963-3768.&nbsp;

Latest trends in the Austin area real estate market with data-driven insights from December 2024. Learn about market conditions, median prices, and opportunities for buyers, sellers, and agents across 30 cities

Austin Area Real Estate Market Update: December 2024 Insights

The Rising Cost of Homeownership in Austin: Analyzing Housing Affordability Trends (2000-2024) December 19, 2024 : <a href="https://teamprice.com/affordability">Austin housing affordability</a> has changed dramatically over the past two decades, with mortgage payments rising significantly in recent years. This trend has made homeownership more expensive for many buyers in the Austin area, especially when compared to historical norms. The data from 2000 to 2024 reveals key patterns in monthly mortgage payments, interest rates, and affordability ratios, offering insights into why Austin homeownership is becoming increasingly challenging. In 2000, the average monthly mortgage payment in the Austin area, including principal, interest, taxes, and insurance (PITI), was around $1,195. From 2000 to 2006, PITI steadily increased, reaching an average of $1,285 by 2006. This period saw relatively stable interest rates, with the median rate hovering between 2.76% and 3.38%. However, the housing market crash of 2008 temporarily reduced these payments. In 2009, the average monthly PITI dropped to $1,246, reflecting lower home prices and interest rates in Austin.&nbsp; <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032647.png" alt="" width="" height="" style=""></figure></div> The years following the crash saw mortgage payments fluctuate. From 2010 to 2015, monthly PITI in Austin ranged from $1,236 to $1,627, showing moderate growth. Interest rates during this period remained low, between 3.37% and 4.03%. By 2016, PITI reached $1,706, reflecting an upward trend in Austin home prices. This pattern continued, and by 2019, the average PITI in the Austin area was $1,954. Despite slight declines in 2020 due to lower interest rates, mortgage payments began to rise sharply in 2021. In 2021, monthly PITI surged to an average of $2,686, with some months exceeding $2,700. This increase coincided with rising Austin home prices and interest rates nearing 5%. In 2022, affordability hit a new low, with monthly mortgage payments peaking at $3,742 in June. The average PITI for the year was $3,476, driven by soaring Austin-area home prices and mortgage rates that exceeded 5.5%. Affordability ratios also reflected this shift. In 2022, PITI accounted for 47.19% of median household income, a sharp increase from the 26-30% observed in the early 2000s. The trend continued into 2023 and 2024, with monthly PITI in Austin remaining high. In 2023, the average mortgage payment was $3,443, and in 2024, it hovered around $3,381. Interest rates stayed elevated, with the median rate around 4.54% in December 2024. Although these figures represent a slight improvement from the 2022 peak, they still indicate significant affordability challenges compared to historical levels in Austin. Over the past 24 years, the median sold price-to-income ratio in Austin has also increased. In 2000, the ratio was 2.76, meaning a home’s median price was 2.76 times the median household income. By April 2022, this ratio peaked at 5.75, highlighting the growing gap between Austin home prices and incomes. As of December 2024, the ratio stands at 4.54, above the historical average of 3.74. This indicates that despite recent improvements, Austin home prices remain disproportionately high compared to household incomes. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032728.png" alt="" width="" height="" style=""></figure></div> Year-over-year changes in PITI show how volatile the Austin housing market has become. Between 2021 and 2022, monthly mortgage payments increased by over $800. In contrast, the period from 2009 to 2010 saw minimal changes, reflecting the stability after the housing crash. These fluctuations are largely driven by changes in interest rates and Austin home prices. For example, in 2021, interest rates climbed from 4.33% in January to 5.40% by June, contributing to the sharp rise in PITI. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032811.png" alt="" width="" height="" style=""></figure></div> <a href="https://teamprice.com/affordability">Affordability in Austin</a> has been especially strained since 2021. Before this period, the PITI-to-income ratio rarely exceeded 30%. In recent years, it has consistently remained above 40%, indicating that buyers are dedicating a larger portion of their income to housing costs. This trend is unsustainable for many households and reflects the need for either higher incomes, lower home prices, or reduced interest rates to improve affordability in Austin. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032840.png" alt="" width="" height="" style=""></figure></div> In summary, <a href="https://teamprice.com/affordability">housing affordability in Austin</a> has worsened significantly since 2000. Monthly mortgage payments have more than doubled, and affordability ratios have reached record highs. While homeownership in the Austin area was once manageable for most households, the current market poses challenges that many buyers struggle to overcome. Understanding these trends helps both buyers and industry professionals navigate the evolving Austin housing market and make informed decisions. This article was written on December 19 2024 and reflects data up to that date. The following charts will provide up to date information. If you have any questions, please let us know.&nbsp;

Austin-area housing affordability has changed from 2000 to 2024. Learn about rising mortgage payments, interest rates, and affordability ratios, and understand why homeownership costs have doubled over the past 24 years in the Austin real estate market

Austin Real Estate Affordability: How Homeownership Costs Have Doubled Since 2000

Austin Home Prices Surge in December 2024: Highest Monthly Increase Since February 2022 December 16 2024 : The Austin real estate market showed a remarkable surge in December 2024, posting the highest month-over-month price increase since February 2022. After a year of fluctuating trends, this strong finish signaled a significant boost in home values and overall market activity. Both the average and median home prices saw double-digit increases, marking a noteworthy shift in the market. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241216011314.png" alt="" width="" height="" style=""></figure></div>​ In December 2024, the total number of homes sold reached 2,346. This was a 5.5% increase from the previous month’s total of 2,223 homes sold in November 2024. Compared to December 2023, when 2,324 homes were sold, this represented a modest 1.0% year-over-year increase. The upward trend in home sales suggested growing buyer confidence as the year came to a close. The average sold price for December 2024 was $616,500. This was a significant $59,108 jump from November 2024’s average of $557,392. This 10.6% month-over-month increase marked the highest spike in home prices since early 2022. Year-over-year, the average sold price was up by $65,694, representing an 11.9% increase from December 2023’s average of $550,806. These figures highlight a clear upward trend in property values in the Austin area. The median sold price also saw substantial growth, reaching $480,000 in December 2024. This was an $47,500 increase from the previous month’s median of $432,500, representing an 11.0% month-over-month gain. Compared to December 2023’s median price of $440,415, this reflected a 9.0% year-over-year increase. The rise in both average and median prices indicated strong demand across various price points in the market. In addition to rising prices, the sold-to-list price ratio for December 2024 remained consistent at 97.01%. This figure showed that, despite the increase in home values, buyers were still purchasing homes at prices very close to the original list prices. The slight dip from November 2024’s ratio of 97.14% suggested that while prices were climbing, sellers were maintaining realistic expectations. The December 2024 data underscored a strong finish to the year for the Austin real estate market. The combination of increased sales volume and rising prices suggested a renewed energy in the housing market. This surge could be attributed to a variety of factors, such as improved interest rates, seasonal buying patterns, and overall market confidence. With December 2024 marking the highest month-over-month increase since February 2022, it sets the stage for an interesting year ahead in Austin’s real estate market. As we head into 2025, buyers and sellers alike will be watching these trends closely. The data for December 2024 paints a picture of a market where demand is strong, prices are rising, and opportunities abound for those looking to buy or sell homes in the Austin area. Keep in mind that these prices are from December 01 2024 to December 16 2024; prices will change as properties sell between today (December 16 2024) and the end of the month. Stay tunned for updated sold data and visit our <a href="https://teamprice.com/market-cycle">Market Cycle</a> page which is updated daily (Monday through Friday).&nbsp;

Austin’s real estate market surged in December 2024 with the highest month-over-month price increase since February 2022. Average and median home prices jumped over 10%, reflecting strong buyer demand and market growth

Austin Home Prices See Highest Increase Since 2022 in December 2024

Austin Housing Market Update: November 2024 Sees Decline in Inventory Levels The Austin housing market has experienced notable fluctuations in inventory levels over the past two decades, with recent data indicating a significant decrease as of November 2024. <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of Inventory (MOI)</a> is a key metric used to assess the balance between housing supply and demand. It represents the number of months it would take to sell all current listings at the prevailing sales pace, assuming no new properties enter the market. This measure helps categorize the market into seller's, neutral, or buyer's markets. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241127012813.png" alt="" width="" height="" style=""></figure></div> Historically, Austin's MOI has varied in response to economic conditions and market dynamics. Between 2005 and 2007, the MOI averaged around 4 to 5 months, indicating a balanced to seller's market. For instance, in January 2005, the MOI was 4.3 months, suggesting a seller's market. This trend continued through 2007, with January recording 3.7 months of inventory. The global financial crisis of 2008 led to a sharp increase in MOI, reflecting a shift toward a buyer's market. By May 2009, the MOI peaked at 7 months, highlighting an oversupply relative to demand. This period was characterized by economic uncertainty and reduced buyer activity. Recovery began in the early 2010s, with MOI gradually declining. By 2012, the MOI consistently fell below 5 months, returning the market to seller-favorable conditions. In January 2013, the MOI was at 2.6 months, indicating high demand and limited supply. This trend persisted through 2014 and 2015, with June 2015 recording an MOI of 4.3 months, maintaining a stable seller's market. The period from 2020 to 2022 marked historic lows in MOI, driven by unprecedented demand, low interest rates, and constrained supply. In January 2021, the MOI dropped to an extraordinary 0.8 months, signaling one of the most competitive seller's markets in recent history. This trend continued throughout 2021, with MOI remaining below 2 months for most of the year. In 2023, the market began to shift, with MOI increasing. By March 2023, the MOI rose to 3.7 months, indicating a transition toward more balanced conditions. As of November 2024, the market has experienced a notable decrease in inventory levels. The MOI has fallen to 4.7 months, down from 5.1 months in October 2024. This decline suggests a tightening market, with reduced supply relative to demand. Seasonal trends also influence MOI fluctuations. Typically, MOI rises during the summer months, peaking in May or June, and declines in the winter. For example, in December 2015, the MOI was at 3.3 months, while by June 2016, it had increased to 4.6 months. These patterns are consistent throughout the data set, reflecting the cyclical nature of real estate activity. Understanding MOI trends is essential for buyers, sellers, and industry professionals. This metric provides valuable insights into market competitiveness and aids in strategic decision-making. Whether navigating a low-inventory seller's market or preparing for a buyer's market with abundant supply, MOI remains a cornerstone for assessing market conditions.&nbsp;

Latest developments in the Austin housing market as of November 2024, highlighting a significant decrease in inventory levels. Understand how Months of Inventory (MOI) reflects current market conditions and what this means for buyers and sellers

Austin Housing Market Update: November 2024 Inventory Levels Decline

Understanding the Price-to-Rent Ratio in Austin: Insights Across 75 Zip Codes The Austin housing market is as dynamic as its growing population, and one key metric stands out for those evaluating whether to buy or rent: the <a href="https://teamprice.com/price-to-rent-ratio">price-to-rent ratio</a>. This metric is calculated by dividing the median home price in an area by the annual cost of renting a comparable property. Understanding this ratio helps individuals make informed decisions, whether they are first-time buyers, seasoned investors, or long-term renters. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241126020605.png" alt="" width="" height="" style=""></figure></div> In Austin, the <a href="https://teamprice.com/price-to-rent-ratio">price-to-rent ratio</a> varies significantly across its 75 zip codes. Areas with a ratio below 15 typically favor buying, as purchasing a home is more cost-effective than renting. For instance, in zip codes like 78724 and 78725, the ratio stands at 12.5. These neighborhoods represent some of the most affordable buying opportunities in the region. Similarly, other zip codes, including 78741 at 13.2 and 78753 at 13.5, offer attractive markets for prospective buyers seeking affordable homeownership options. For those exploring neighborhoods with a balanced market, the <a href="https://teamprice.com/price-to-rent-ratio">price-to-rent ratio</a> ranges from 15 to 20. In these areas, the decision to rent or buy depends on individual circumstances. Notable examples include zip code 78717 with a ratio of 18.8 and 78727 with a ratio of 18.9. These zip codes offer flexibility, allowing potential homeowners and renters to assess their financial goals and lifestyle preferences when making their decisions. On the other end of the spectrum, zip codes with a ratio above 20 suggest renting is more economical. These areas often feature higher <a href="https://teamprice.com/price-to-rent-ratio">home prices relative to rental costs</a>, making them ideal for those who prefer to avoid the financial commitment of homeownership. For example, 78703, with a ratio of 39.4, and 78746, with a ratio of 31.7, stand out as prime rental markets. These zip codes are often sought after for their upscale homes and desirable locations, which drive up property values more rapidly than rental rates. Across the Austin metropolitan area, the median price-to-rent ratio is approximately 19.9. This figure places the overall market in a balanced position, with certain neighborhoods tilting more toward renting or buying based on specific local conditions. For instance, Travis County, which encompasses many of Austin’s central zip codes, showcases a broad range of ratios. Zip codes like 78703 and 78746 reflect high ratios that favor renters, while 78744 at 16.0 and 78747 at 15.1 offer more favorable conditions for buyers. Williamson County offers similar diversity. Zip codes such as 78634 in Hutto and 78641 in Leander reflect balanced ratios, providing opportunities for both renters and buyers. Meanwhile, Hays County, which includes areas like Kyle and Buda, features lower ratios in zip codes like 78640 (14.0) and 78610 (14.2), indicating strong markets for buyers seeking affordability. Overall, 48% of Austin's zip codes fall below a ratio of 15, marking them as buyer-friendly. Another 29% fall within the balanced range of 15 to 20, where market conditions support either buying or renting. The remaining 23% exceed a ratio of 20, emphasizing the value of renting in premium areas. For investors, these metrics provide valuable insights into where rental properties may yield the highest returns. Low-ratio zip codes like 78725 and 78724 present strong rental income opportunities with affordable home prices. Conversely, renters looking to maximize their housing budget should focus on high-ratio areas like 78703, where the relative cost of renting remains favorable compared to buying. By understanding the price-to-rent ratio across Austin's zip codes, individuals can better navigate this competitive real estate market. Whether buying a first home, renting a luxury property, or investing in a rental unit, the price-to-rent ratio serves as a powerful tool to inform smarter decisions and optimize financial outcomes​

Explore the price-to-rent ratio across 75 Austin zip codes. Learn whether it’s better to buy or rent, with detailed data on housing affordability, market trends, and investment opportunities in Austin’s real estate market

Austin Price-to-Rent Ratio: Insights Across 75 Zip Codes

Austin Zoning Changes Lead to Spike in 2-4 Unit Housing Permits In September 2024, Austin witnessed a remarkable <a href="https://teamprice.com/building-permits">surge in permits</a> for the construction of 2-4 unit housing developments. According to recent data, 314 permits were issued in that month alone. This is a substantial increase compared to previous months, reflecting a clear shift in Austin's housing market and development patterns. This surge is a result of recent zoning reforms that have reshaped how residential lots are used in the city, encouraging higher-density housing solutions. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241024030408.png" alt="" width="" height="" style=""></figure></div> Historically, Austin’s zoning laws favored single-family homes, limiting the potential for diverse housing options in many neighborhoods. However, in response to the city's growing population and affordability challenges, the Austin City Council introduced significant changes aimed at boosting housing density. One key reform, implemented in December 2023, allowed developers to build up to three units—such as duplexes and triplexes—on lots previously zoned for single-family homes. This change was a bold move to encourage more efficient use of space in Austin's urban core and increase the availability of affordable housing options. Further enhancing these efforts, in May 2024, the City Council reduced the minimum lot size requirement for single-family homes. The previous minimum of 5,750 square feet was reduced to 1,800 square feet, which opened the door for smaller, more affordable homes to be built on the same land footprint. This reduction in lot size also allowed for the development of 2-4 unit homes on lots that would have previously only accommodated a single-family residence. The data clearly shows that developers are taking advantage of these changes. The spike to 314 permits in September 2024 is a striking increase when compared to the year’s previous average. In August 2024, only 30 permits for 2-4 unit developments were issued, and in July 2024, there were just 25 permits. These lower numbers reflect a typical trend from earlier years, when fewer multi-unit developments were feasible due to Austin’s restrictive zoning laws. This recent spike marks a significant shift in how the city is addressing its housing needs. The multi-unit housing developments not only provide more affordable housing options but also help accommodate the influx of new residents to Austin. By allowing duplexes, triplexes, and fourplexes to be built in neighborhoods that previously only allowed single-family homes, the city is working to alleviate its housing shortage and offer more diverse living arrangements for its residents. While some local residents have voiced concerns about the potential changes to neighborhood character and increased density, the city’s leadership is focused on addressing Austin’s housing crisis through smart, calculated reforms. The dramatic rise in permits for 2-4 unit homes is evidence that these zoning changes are having a tangible impact on Austin’s housing market. Developers are responding quickly to the opportunities created by these reforms, and the result is a more diverse and dynamic housing landscape in the city. Austin’s recent zoning reforms aim to strike a balance between preserving neighborhood integrity and meeting the growing demand for housing. As developers continue to take advantage of these changes, Austin’s housing market will likely see further shifts, with increased density playing a crucial role in the city’s efforts to provide affordable housing options to its expanding population​

In September 2024, Austin issued 314 permits for 2-4 unit housing developments, marking a significant increase driven by recent zoning reforms. Discover how these changes are reshaping Austin’s housing market and addressing the city’s affordability challenges

Austin Real Estate: 2-4 Unit Permits Surge in September 2024

Austin’s Real Estate Market Hits Record-High Average List Price in October 2024 The City of Austin continues to demonstrate its robust real estate market growth, with the average list price reaching an all-time high of $947,796 in October 2024. This marks a significant increase from the previous October 2023 figure of $891,040, representing a 6.36% year-over-year rise. Austin’s real estate market has consistently demonstrated resilience and upward movement in property values over the past decade, contributing to its appeal for both homebuyers and investors. Looking back at historical data, the average list price in Austin has climbed steadily over the last decade. In 2014, the average price was $446,553, meaning that in 10 years, the city has seen a staggering 113.8% increase in property values. This growth is reflective of Austin’s position as one of the fastest-growing cities in the United States, driven by strong economic factors, population growth, and high demand for housing. Month-to-month data over the past year shows fluctuations in pricing, but the general trend has remained upward. In January 2024, the average list price was $887,148, slightly down by 0.5% from January 2023. However, this minor decline was quickly offset in subsequent months, with prices rebounding and ultimately peaking in October 2024. Notable increases include the February average list price, which rose to $913,186, and the March figure of $921,807. In addition to the year-over-year increase, the data shows strong growth over the past five years. From 2020 to 2024, Austin’s average list price rose by 69.6%. This five-year trend underscores the city's sustained price appreciation, making it a sought-after location for both residential and investment properties. The year 2021 was particularly noteworthy, with the market experiencing a 22.7% increase in list prices in October of that year, largely due to heightened demand and limited inventory during the pandemic. Examining the data from earlier years highlights the long-term upward trajectory of the market. In October 2015, the average list price was $480,635, and by October 2020, it had surged to $638,789, a 14.3% rise from 2019. As of October 2024, the city has maintained a steady pattern of growth, despite occasional market adjustments. This upward trend in Austin’s real estate market is not unique to October alone. Throughout 2024, other months also experienced substantial price increases. For instance, the average list price in April 2024 was $946,453, which represents a 3.0% rise compared to the previous year. In July 2024, the market held firm with an average price of $825,660, marking a 1.2% year-over-year growth. These figures emphasize the ongoing demand for housing in the Austin area. One of the most striking aspects of this data is the consistency of Austin’s real estate market growth, even during periods of economic uncertainty. The year-over-year percentage changes show that the city has experienced stable, upward trends for the better part of a decade. Whether looking at the 10-year growth of 113.8% or the five-year surge of 69.6%, it is clear that Austin remains a competitive market for both buyers and sellers. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241024043822.png" alt="" width="" height="" style=""></figure></div> As Austin’s average list price continues to rise, market analysts will closely watch whether this trend persists into 2025. For now, it’s evident that Austin's real estate market is strong, with prices reflecting both the high demand for housing and the area's rapid economic growth. The data suggests that as long as these driving factors remain in place, Austin’s market will likely continue to thrive, presenting opportunities for those looking to invest in one of the nation’s most dynamic housing markets​

In October 2024, Austin’s real estate market hit a record high, with the average list price reaching $947,796. Learn about the market's impressive 113.8% growth over the past decade and what’s driving these numbers.

Austin Real Estate Reaches Record-High List Price: October 2024 Analysis

Austin Area Housing Market: October 2024 Market Conditions by Zip Code October 23 2024 : The real estate market in the Austin area, specifically across 75 zip codes, offers a diverse landscape that fluctuates between sellers, neutral, and buyers’ markets. A detailed look at the data from October 2024 reveals critical insights into months of inventory, pricing trends, and the overall real estate dynamics within key areas such as Austin, Georgetown, Round Rock, and Leander. Understanding these trends is essential for both buyers and sellers to make informed decisions. <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of inventory</a>, a measure of the balance between supply and demand, plays a pivotal role in defining the market. A sellers' market is characterized by less than 4.9 months of inventory, meaning demand is higher than the available homes. Neutral markets have inventory between 5 and 6.9 months, where supply and demand are more balanced. Finally, buyers' markets feature more than 7 months of inventory, where the supply of homes exceeds demand, giving buyers more negotiating power. As of October 2024, 39% of the cities in the Austin area fall under the sellers' market category, 25% are classified as neutral markets, and 36% are buyers' markets. Each zip code reflects a different set of market conditions, and the data illustrates how these factors influence property prices and time on the market. In a sellers' market like <a href="https://teamprice.com/zip-codes/78739">78739 (Austin)</a>, there is only 1.4 months of inventory, making it highly competitive for buyers. With an average home price of $936,857 and a median price of $799,450, homes in this area are in demand. The median time on the market is 41 days, a testament to how quickly properties are moving. Similarly, <a href="https://teamprice.com/zip-codes/78747">78747 (Austin)</a> also reflects a sellers' market, though inventory is slightly higher at 5.5 months. With 143 active listings, homes have a median price of $454,990 and spend 32 days on the market. In contrast, neutral markets offer a more balanced environment for both buyers and sellers. <a href="https://teamprice.com/zip-codes/78759">78759 (Austin)</a>, with 5.3 months of inventory, fits into this category. The median home price here is $634,500, and properties take about 69 days to sell. Neutral markets like <a href="https://teamprice.com/zip-codes/78626">78626 (Georgetown)</a>, which features 4.51 months of inventory and a median price of $436,505, reflect balanced supply and demand, allowing transactions to be fairer for both sides. Buyers' markets, on the other hand, are seen in areas like <a href="https://teamprice.com/zip-codes/78746">78746 (Austin)</a>, where the inventory reaches 8.6 months. This area features a high-end market, with average home prices reaching $3,153,492 and a median price of $2,480,000. Homes in this category tend to stay on the market longer, with a median of 89 days, offering buyers more time and negotiating power. Another buyers’ market is <a href="https://teamprice.com/zip-codes/78669">78669 (Spicewood)</a>, where inventory levels stand at 11 months. The median home price is $963,000, and homes typically stay on the market for 119 days. Price trends across the region show a mix of reductions and slight increases. In high-demand areas like <a href="https://teamprice.com/zip-codes/78704">78704 (Austin)</a>, prices have dropped by 8.2%, while <a href="https://teamprice.com/zip-codes/78731">78731 (Austin)</a> saw an 8.6% price reduction, reflecting a market shift even in previously competitive zones. Meanwhile, <a href="https://teamprice.com/zip-codes/78759">78759 (Austin)</a> experienced a notable 21.8% price increase, despite being in a neutral market. This uptick indicates growing demand, even as supply remains relatively balanced. Areas with more price volatility are typically those with higher inventory. <a href="https://teamprice.com/zip-codes/78645">78645 (Leander)</a> and <a href="https://teamprice.com/zip-codes/78722">78722 (Austin)</a>, with 11 and 7.2 months of inventory respectively, have seen more fluctuations in prices as sellers adjust to the slower market. As a result, more properties in these zip codes have experienced price drops to attract buyers. For instance, <a href="https://teamprice.com/zip-codes/78701">78701 (Austin)</a> had 52.2% of its listings adjust prices, with an average reduction of 8.0%. This trend of price adjustments is common across the market as sellers respond to changing demand. Inventory levels in each zip code are crucial for understanding market conditions. <a href="https://teamprice.com/zip-codes/78739">78739 (Austin)</a>, with its low inventory, reflects a tight market where buyers must act quickly, while areas like <a href="https://teamprice.com/zip-codes/78669">78669 (Spicewood)</a> and <a href="https://teamprice.com/zip-codes/78746">78746 (Austin)</a>, with their higher inventory, provide more opportunities for buyers to negotiate better deals. For instance, in 78746 (Austin), where the inventory is at 8.6 months, the median time on the market is 89 days, giving buyers more time to consider their options. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241023021334.png" alt="" width="" height="" style=""></figure></div> As the Austin area continues to grow, market conditions are likely to shift further. Monitoring these trends and understanding the months of inventory in each zip code will be key for anyone looking to buy or sell in this diverse and competitive market. Whether you are looking to capitalize on a sellers' market or negotiate in a buyers' market, understanding these market metrics is essential for success.&nbsp;

Discover the latest real estate trends in the Austin area with insights on months of inventory, pricing, and market conditions across 75 zip codes. Learn how market dynamics favor buyers or sellers and how these factors impact home prices and time on the market in October 2024

Austin Area Real Estate Market Analysis: October 2024 Insights by Zip Code

ArticleDirectorySimple

<h2>Austin real estate trends</h2>Find articles about Real Estate relating to this article tag.