• Sign Up
  • Log In
Team Price Real Estate
(512) 213-0213realestate@teamprice.com
  • Search
    • Search Properties
    • Featured Properties
    • Explore Local Guide
    • Browse Properties by Area
    • Browse Properties by City
    • Browse Properties by Zip
    • Browse Properties by Subdivision
    • Browse Properties by School District
  • Buying
    • Home Buyer's Guide
    • Real Estate Forms
    • Mortgage Calculator
    • First Time Home Buying
    • Assuming a FHA home loan
    • Assuming a VA Home Loan
  • Selling
    • Home Seller's Guide
    • Marketing Plan
    • Home Valuation
  • Market Update
  • Insight & Statistics
  • Articles
  • About
    • Agents
    • Testimonials
    • Monday Touch Point
    • About Us
    • Our Guarantee
    • Join Our Team
    • Code Of Ethics
    • EULA
    • Glossary
  • Contact
  • (512) 213-0213
  • realestate@teamprice.com
    Copy Email
  • Team Price Real Estate
    7320 N Mo-Pac
    Austin, TX 78731
    (512) 213-0213
    dan@teamprice.com

Search

  • Search Properties
  • By City
  • By Subdivision
  • By Zip

Explore

  • Featured Properties
  • Property Search
  • Areas

About

  • Home
  • About
  • Agents
  • Testimonials
  • Contact Us

Resources

  • Market Update
  • Tenant Pre-Screening
  • Real Estate Forms
  • Real Estate Glossary

Company

  • Guarantee
  • Work with Us
  • Interview Questions
  • Join Our Team
Team Price Real Estate - Footer Logo
  • Texas Real Estate Commission Information About Brokerage Services
  • Texas Real Estate Commission Consumer Protection Notice
  • Privacy
  • Terms
  • DMCA
  • Accessibility
  • Fair Housing
© 2026 Team Price Real Estate. All rights reserved.
Website built by CloseHack.
Central Texas Multiple Listing Service

Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Team Price Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

North Texas Real Estate Information Systems

© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Team Price Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

Austin Board of Realtors

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

  • MLSGrid IDX Data Notice
  • DMCA Notice
LERA MLS

Information provided Courtesy of LERA MLS - Local Expertise Regional Access. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed. Provided courtesy of the San Antonio Board of Realtors. Copyright 2025 LERA MLS, All Rights Reserved.

Greater McAllen Association of Realtors

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Are Home Prices Dropping in Austin TX? - Insightful Analysis of the Latest Real Estate Trends

Are home prices dropping in Austin TX?

Published 03/14/2024 | Posted by Dan Price

Understanding the Shift in Austin's Housing Market: Insights from the Latest Real Estate Trends


The Austin real estate market has always been a topic of interest for homeowners, investors, and prospective buyers alike. As a city known for its robust economy and cultural appeal, any change in its housing trends draws attention. Recent data compels us to ask: Are home prices dropping in Austin, TX? Our 'Value Monitor' report delves into the heart of this question, offering a comprehensive analysis of property price movements from their pinnacle to the present, to shed light on the current state of Austin's housing market.


Market Adjustments: A 30-City Overview : An in-depth examination of 30 municipalities surrounding and including Austin has revealed an average downturn of 26.1% in property values from their peak. This percentage reflects a significant correction phase rippling through the Central Texas real estate market. Keep in mind that this article was published on March 15, 2024 and this information changes on a daily basis. For the most up to date analysis, please visit our Insight and Statistics page. 


A Detailed Look at City-Level Market Dynamics : Austin's metropolitan heartbeat experienced a 15.4% contraction in property prices, signaling a recalibration since its peak in May 2022. Nearby cities such as Bastrop and Buda are mirroring this downward trend with reductions of 11.2% and 21.4%, respectively. Burnet showcases the most pronounced decrease, with a striking 64.9% drop from its peak—a number that stands out in the regional analysis.


Cedar Creek and Cedar Park's housing markets have adjusted by 32.7% and 28.9%, respectively, indicating a realignment post-peak. Dale and Del Valle depict the dynamic nature of the market with reductions of 27.3% and 39.9%. These shifts, significant yet varied, underscore the diverse nature of the local real estate market.


Examining Pflugerville, we see a transition from a $520,000 peak in May 2022 to the current $405,925, while Round Rock's decline from $552,000 to $392,500 exemplifies the considerable shifts within the Greater Austin housing market. Luxury locales such as Driftwood and Dripping Springs have not been immune, with price decreases surpassing 50% and 30%, respectively. In contrast, Georgetown and Kyle display more modest adjustments at 10.8% and 13.2%, pointing towards a relatively stable market in those areas.


Leander: A Case of Resilience in Austin's Property Market : Leander emerges as a standout with the smallest decline from its peak—a mere 7.6% drop from a $560,000 peak in July 2022 to the current $517,445. This could indicate Leander's ongoing appeal or resilience against the broader market downturn.


The Bigger Picture: Real Estate Market Cycles : The presented data underscores the cyclical nature of real estate, with each city's market trajectory shaped by its unique economic forces, interest rates, supply and demand dynamics, and other local factors. What This Means for Austin Home Buyers and Sellers : These adjusted price points could spell new opportunities for buyers looking to enter the market, while sellers might be feeling the pinch of the correction. With financing playing a pivotal role, fluctuating interest rates have become a critical factor affecting affordability and demand.


Financial Implications : For potential buyers, the current prices may present new opportunities for entry into previously unattainable markets. Conversely, sellers are experiencing the impact of market corrections on their investments. The role of financing becomes crucial as interest rates influence both buyer affordability and market demand.


Our comprehensive analysis provides a granular view of the market's adjustments, marked by both expected and surprising changes in property values. This detailed examination of peak prices and their corresponding months paints a vivid picture of the market's highs and the subsequent journey to current valuations. Team Price Real Estate is committed to delivering a clear and analytic perspective on the market's condition, helping stakeholders make informed decisions. As the real estate market continues its course, our 'Value Monitor' report will keep a finger on the pulse of the Greater Austin area's property landscape, ensuring our clients are always well-informed and ahead of the curve.​


The following information is from March 15, 2024. We update this data on a weekly basis for the Top 30 Cities and Top 75 Zip Codes in the Austin-Area. If you would like to access the up to date data, navigate to the following resources : 


Value Monitor City

Value Monitor Zip Code



​

  • Austin real estate
  • housing decline
  • market analysis
  • property trends
  • Texas homes
  • market downturn
  • peak prices
  • home buying
  • real estate cycle
  • market correction.

Related Articles

Keep reading other bits of knowledge from our team.

    Request Info

    Have a question about this article or want to learn more?