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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 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’s housing market is shifting in 2025 as the price-to-income ratio returns to historical norms. Find out why high mortgage rates are still keeping homeownership just out of reach for many buyers.&nbsp;Read Time : 2 minutes January 13, 2025, 6:55 am By Dan Price Housing Affordability in 2025: Price-to-Income Ratio Returns to Historical Norms :&nbsp;The Austin real estate market is experiencing a notable shift as the <a href="https://teamprice.com/affordability">Austin housing affordability</a> indicators return to historical levels. In January 2025, the median sold price of homes dropped to $399,999, reflecting a significant 27.27% decline from the market peak of $550,000 in May 2022. This price correction has brought the Median Sold Price-to-Income Ratio back to 3.77, closely aligning with the 25-year historical average of 3.73. This development suggests that home prices are once again more in balance with local income levels after years of dramatic increases. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250113125511.png" alt="" width="" height="" style=""></figure></div> Despite the improvement in the price-to-income ratio, many buyers still face <a href="https://teamprice.com/affordability">affordability</a>&nbsp;challenges due to elevated borrowing costs. The percentage of income that homeowners allocate toward their monthly PITI (Principal, Interest, Taxes, and Insurance) payments stands at 34.92%, significantly above the long-term average. Even with a 20% down payment, the typical monthly mortgage payment is around $3,088. This elevated PITI ratio can be attributed to persistently high mortgage interest rates, now approaching 7.5%. To put this in perspective, the PITI burden peaked at 47.19% in May 2022 when both home prices and interest rates surged. Historically, the share of income spent on mortgage payments has fluctuated. For example, it was 31.02% in June 2000, 26.16% in November 2004, and dropped to 23.02% in January 2012. The recent reduction from the 2022 peak offers some relief, but affordability remains a challenge due to financing costs. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250113125526.png" alt="" width="" height="" style=""></figure></div> Interest rates have played a critical role in shaping housing affordability. During March 2020, mortgage rates were at a low 3.98%, enabling many buyers to enter the market. However, by April 2022, rates climbed to 5.75%, and by early 2025, they are nearing 7.5%. This sharp increase has offset the benefits of lower home prices, as higher borrowing costs continue to strain household budgets. The current market conditions suggest that affordability could improve if either home prices continue to decline or interest rates fall. A significant drop in interest rates would reduce monthly mortgage payments and ease the PITI burden. Conversely, further price adjustments could make homeownership more accessible without relying on rate changes. For buyers, understanding these affordability dynamics is crucial in making informed purchasing decisions. Sellers must also adapt to these market shifts, recognizing that elevated borrowing costs may impact buyer demand. As the Austin housing market continues to stabilize, tracking trends in pricing, interest rates, and income ratios will be essential for navigating the evolving landscape of real estate in 2025.&nbsp;

<blockquote class="twitter-tweet">Austin Real Estate : Median Sold Price to Income Ratio now at pre-pandemic level; reverts back to 25 year average! <a href="https://t.co/3JazmokuJ5">https://t.co/3JazmokuJ5</a><a href="https://t.co/O1MCeUikYl">https://t.co/O1MCeUikYl</a> <a href="https://t.co/Gj2JyvHqYk">pic.twitter.com/Gj2JyvHqYk</a>&mdash; Team Price | Austin Real Estate Broker (@teamprice) <a href="https://twitter.com/teamprice/status/1878788092003570050?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Austin's 2025 housing market. The price-to-income ratio has returned to its 25-year average as median home prices fall to $399,999. However, high mortgage rates nearing 7.5% continue to strain affordability. Learn what this means for buyers and sellers

Austin Housing Affordability 2025: Price-to-Income Ratio Returns to Normal

Understanding the Shift in Austin's Housing Market: Sold Over List Price Trends from 2000 to 2025 :&nbsp;The Austin real estate market has experienced significant shifts over the past 25 years. Analyzing data on homes sold over the list price from 2000 to early 2025 reveals important trends that provide valuable insight into market conditions, buyer behavior, and economic influences.​In the early 2000s, the Austin housing market displayed moderate competitiveness. From 2000 to 2005, the percentage of homes sold over the list price averaged between 17% and 27%. The highest point during this period occurred in May and June 2000, when 30.8% of properties sold above the asking price. This period of relative stability shifted slightly downward leading up to the 2008 financial crisis. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250113103259.png" alt="" width="" height="" style=""></figure></div>​During the 2006 to 2010 period, the market began to soften. In 2007, the percentage peaked at 24.0% in April but dropped sharply as the housing market collapsed in 2008. By December 2010, only 10.1% of homes sold above the list price, reflecting buyer caution and market instability.​The recovery phase from 2011 to 2019 saw a gradual increase in competitiveness. In 2012, the market began to regain strength, with sold-over-list percentages rising back into the 20% range. By 2019, the market had stabilized with an average of 20.0% and a peak of 25.6% in May, signaling a healthy demand but not an overheated market.​A major surge in buyer demand and market dynamics occurred between 2020 and 2022. This period saw historically low mortgage rates and limited housing inventory, creating a surge in buyer demand. In 2020, the sold-over-list percentage rose from 17.0% in January to 38.2% in December. The market reached unprecedented levels in 2021, peaking at 72.6% in April, with an annual average of 58.5%. This surge continued into early 2022, hitting 67.7% in April. However, by the end of 2022, the percentage sharply declined to 11.6% in December, marking a significant market correction.​The years 2023 and 2024 have been characterized by market stabilization. In 2023, the percentage of homes sold over the list price averaged 13.7%, with a high of 17.9% in April. This trend continued into 2024, averaging 12.6%, with a peak of 17.0% in April. Early data for 2025 suggests further cooling, with a consistent 8.7% rate across the first few months. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250113103246.png" alt="" width="" height="" style=""></figure></div> These trends reflect how market dynamics such as interest rates, housing inventory, and economic cycles directly impact the percentage of properties selling over list price. The initial surge in 2020 and 2021 was driven by favorable lending conditions and low inventory, while the subsequent decline reflects rising interest rates, increased inventory, and shifting buyer behavior. Understanding these historical shifts is crucial for buyers, sellers, and real estate professionals aiming to navigate the evolving Austin housing market​

Detailed trends of Austin's housing market from 2000 to 2025, focusing on the percentage of homes sold over the list price. Understand how market dynamics, interest rates, and housing inventory have influenced real estate competitiveness in Austin over the past 25 years. 

Austin Housing Market Trends: Sold Over List Price Analysis (2000-2025)

Austin Lease Market Analysis: Why Supply Is Outpacing Demand in 2025 : The Austin residential lease market has shown significant shifts over the past two years, revealing important trends for property owners, investors, and renters alike. Analyzing data from January 2023 through January 2025 highlights evolving dynamics in leasing activity, price adjustments, and market balance. In 2023, the Austin lease market experienced steady growth in new listings, with January starting at 2,642 new listings. This figure steadily increased throughout the year, peaking at 3,898 in July. January 2024 showed a slight increase to 2,697 new listings. However, January 2025 data, recorded only from January 1 to January 13, reported 1,151 new listings. When projected for the full month, January 2025 could reach approximately 2,745 new listings, suggesting a potential outpacing of the previous two January's. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250113115730.png" alt="" width="" height="" style="" origin-size="1664,1094"></figure></div> Pending transactions followed a similar pattern. In January 2023, pending leases totaled 1,926, growing to 2,157 in January 2024. For January 2025, pending leases were 797 within the first 13 days. Projected for the entire month, this figure could reach approximately 1,901, slightly below January 2024 but still reflecting a healthy level of tenant demand. Price adjustments have also been a defining feature of the lease market. In 2023, landlords frequently reduced prices to stay competitive, with monthly price decreases ranging from 1,926 in January to 3,880 in October. This trend continued into 2024, although by December, price reductions had fallen to 2,036, an 11% drop from the previous year. This decline in pricing flexibility may suggest landlords are becoming less willing or able to lower rents to attract tenants. A critical measure of market health is the New Listing to Pending Ratio (NLPR). This ratio compares the number of new listings to the number of properties that move to pending status. A ratio of 1 indicates a balanced market, where supply meets demand. A ratio below 1 suggests that inventory exceeds demand, while a ratio above 1 signals that demand outpaces available listings. Throughout 2023, Austin's NLPR mostly ranged between 0.73 and 0.80, reflecting a relatively balanced market. However, the preliminary data for January 2025 shows a ratio of 0.58, reflecting a shift towards excess supply. If the projected figures hold, this ratio could improve, signaling a more balanced market than initially observed. Expired listings, representing properties that did not lease within their listing period, also rose sharply. In December 2023, expired listings stood at 423, climbing to 525 by December 2024. January 2025 recorded 71 expired listings in the first 13 days, projecting to about 169 for the full month. This projection suggests improvement over previous months, potentially indicating better lease activity. Year-over-year comparisons further emphasize these trends. Between January 2023 and January 2024, new listings grew by a modest 1.8%, but the projected total for January 2025 indicates a stronger growth trajectory. Leased properties, while initially appearing lower, may align more closely with previous years when accounting for the full month. The NLPR's projected adjustment could signal steadier market conditions than the partial data suggests. Price reductions were most aggressive during peak months, but the decline in reductions toward the end of 2024 suggests that landlords might have hit a threshold in pricing flexibility. The market's absorption rate—the percentage of available properties that successfully leased—remained between 66% and 70% throughout the period, indicating consistent but gradually weakening tenant demand. In summary, the Austin residential lease market has transitioned from a relatively balanced state in 2023 to one characterized by increasing supply and softening demand in early 2025. However, when accounting for the partial January 2025 data, projections suggest the market may be performing more steadily than initially observed. Understanding these trends is essential for property owners and investors aiming to navigate Austin's evolving rental landscape.&nbsp;

Latest trends in Austin's residential lease market from 2023 to 2025. Discover how rising inventory, falling pending leases, and changing demand are reshaping the rental landscape

Austin Lease Market Analysis: Why Supply Is Outpacing Demand in 2025

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

The Austin Real Estate Market Sees Median Sold Price Drop Below $400K for the First Time Since 2021 :&nbsp;The Austin real estate market is undergoing a significant shift as the median sold price has dropped to $399,999 in January 2025. This marks the first time since February 2021 that the median price has fallen below the $400,000 threshold. This shift indicates a market correction that both buyers and sellers must consider when making real estate decisions. Comparing January 2025 to January 2024, new listings in the Austin area have increased by 12%. This rise in inventory suggests that more homeowners are putting their properties on the market. However, pending sales have decreased by 4%, highlighting a slowdown in buyer activity. This combination of rising supply and declining demand points to a more competitive environment for 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/20250112052114.png" alt="" width="" height="" style=""></figure></div>​ Interest rates are also playing a critical role in shaping market dynamics. With mortgage rates approaching 7.5%, the highest level since November 2023, many potential buyers are stepping back due to increased borrowing costs. This rise in interest rates has led to reduced affordability, causing a slowdown in market activity. Builders have started to adapt to these conditions by offering price reductions and rate incentives to attract buyers. This proactive strategy allows new construction homes to remain appealing despite higher financing costs. For sellers in the resale market, this creates additional competition. Homeowners looking to sell must consider adjusting their pricing strategies to compete with these builder incentives. The current Months of Inventory (MOI) in the Austin market stands at 3.98 months, signaling a neutral market. This balance between supply and demand indicates that neither buyers nor sellers have a distinct advantage. However, this neutrality could shift if inventory continues to rise and buyer activity remains sluggish. Active residential listings in Austin are currently at 11,453, reflecting a notable increase from previous months. This growing inventory gives buyers more options but also puts pressure on sellers to differentiate their properties. Competitive pricing and strategic marketing will be crucial for sellers aiming to attract buyers in this evolving landscape. The Austin housing market's correction is a response to multiple factors, including increased inventory, slowing demand, and rising interest rates. Sellers must stay informed and adjust their strategies accordingly to remain competitive. Understanding market trends and responding with data-driven decisions can help sellers navigate the current market conditions effectively.&nbsp;

<blockquote class="twitter-tweet">Austin Real Estate : Median Sold Price Drop Below $400K for the First Time Since 2021 : <a href="https://t.co/NupBjAjUEJ">https://t.co/NupBjAjUEJ</a> <a href="https://t.co/yvkQzB75OR">pic.twitter.com/yvkQzB75OR</a>&mdash; Team Price | Austin Real Estate Broker (@teamprice) <a href="https://twitter.com/teamprice/status/1878492849316012057?ref_src=twsrc%5Etfw">January 12, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The Austin real estate market is shifting in 2025 with the median sold price dropping below $400K for the first time since 2021. Learn how rising inventory, slowing demand, and high interest rates are impacting sellers and buyers in Austin

Austin Housing Market 2025: Median Sold Price Drops Below $400K

Why Austin’s Real Estate Market Is Cooling: Days on the Market and Sales TrendsThe Austin real estate market has seen significant changes over the past few years, and recent data shows that the current trend points to a cooling market. According to the latest reports, properties in the Austin area are taking longer to sell, and many are staying on the market for extended periods. This shift is most evident in the rise of "stale" listings, which have been on the market for over 100 days. These trends are crucial for both buyers and sellers to understand as they navigate a slower market. The "Days on the Market" chart reveals a shift in the typical time frame for listings in Austin. Currently, around 42% of active listings in the Austin area have been on the market for over 100 days, indicating that these properties are struggling to find buyers. Meanwhile, 32% of listings have been on the market for less than or equal to 50 days, showing that a significant portion of the market remains active. However, properties that fall between 50 and 100 days on the market make up another 25.7% of the listings. These mid-range listings suggest that while there is still demand, it may not be as strong as in previous years. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250111111824.png" alt="" width="" height="" style=""></figure></div> Looking more closely at the data for specific cities, we see that areas like Hutto are seeing better performance, with 55.5% of properties on the market for less than 50 days. In contrast, areas like Liberty Hill and Leander have much higher percentages of listings on the market for 100 days or more, showing a clear difference in demand across regions. This data highlights the need for sellers to be aware of local market conditions when listing their properties. Further analysis of the "Average Days to Sell" report shows a sharp increase in the time it takes to sell a property in Austin. The average number of days to sell has increased to a 10-year high of 90 days in January 2025. This marks a significant shift from previous years, with the average days to sell being just 64 days in 2023. Looking back at the past decade, the market has seen periods of faster sales, particularly in 2020 and 2021 when interest rates were at historic lows and demand was high. However, in recent months, the market has cooled, and this change is reflected in the data. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250111111922.png" alt="" width="" height="" style=""></figure></div>​ This increase in days on the market can be attributed to several factors, most notably the rise in mortgage interest rates. Higher rates have reduced the urgency among buyers, causing many to take more time to evaluate their options. As a result, homes are staying on the market longer before selling. In fact, comparing January 2024 to January 2023 shows a 23.1% increase in the average number of days to sell, further confirming this trend. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250111111953.png" alt="" width="" height="" style=""></figure></div>​ The trend of slower sales is not only seen in the average days to sell but also in the increasing number of "stale" listings. As of the latest data, over 40% of properties on the market in Austin have been listed for more than 100 days. These listings are often seen as less desirable by buyers, who may perceive them as overpriced or in less-than-ideal condition. Sellers with properties in this category may need to make adjustments to attract interest, whether through price reductions, improvements to the property, or better marketing strategies. The changes in the Austin real estate market present both challenges and opportunities for buyers and sellers. For sellers, it is essential to adjust expectations and understand that the market is slower than it was a few years ago. Pricing strategies, property condition, and marketing efforts will play a more significant role in attracting buyers. On the other hand, buyers may find more opportunities for negotiation, as sellers may be more willing to make concessions in a cooler market. In conclusion, the Austin real estate market is currently experiencing a slowdown, with properties taking longer to sell. Data shows that the average time to sell a property has reached a 10-year high, and a significant portion of listings have been on the market for more than 100 days. Sellers need to be aware of these trends and adjust their expectations accordingly, while buyers may find opportunities to negotiate better deals in this cooling market.&nbsp;

The Austin real estate market is cooling, with properties taking longer to sell. The average number of days to sell has reached a 10-year high, with a significant portion of listings staying on the market for over 100 days. This article delves into recent trends and provides insights into how the market is shifting, what it means for buyers and sellers, and how to navigate these changes effectively

Why Austin’s Real Estate Market Is Cooling: A Deep Dive into Days on the Market and Sales 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

2025 Austin Real Estate: Pending Listings Trail 2024 by 0.6% The Austin real estate market continues to show its resilience as pending listings for 2025 closely align with those from the previous year. According to the latest data, pending residential listings in 2025 total 3,282, a marginal decline of just 0.6% from the 2024 total of 3,303. This slight decrease underscores a market that remains relatively stable, even amidst fluctuating economic conditions and shifting buyer behaviors. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250107121229.png" alt="" width="" height="" style=""></figure></div>​ Analyzing the year-over-year figures highlights a consistent demand for housing in Austin. In 2024, the pending listings figure set a benchmark that 2025 has nearly matched, with only 21 fewer properties under contract. This minor variance suggests that Austin's housing market continues to experience steady activity, indicating a balance between buyer demand and available inventory. The data reflects the ongoing appeal of Austin as a desirable location for both new and existing residents. The stability of the pending listings also mirrors the broader market trends seen in Austin over recent years. Despite changes in mortgage rates, affordability challenges, and shifting market conditions, the year-over-year difference remains minimal. A 0.6% decrease is noteworthy for its insignificance, suggesting a market that has avoided dramatic swings, a characteristic that continues to attract buyers and investors alike. While pending listings represent a critical metric for understanding the market's health, they also serve as an indicator of how quickly inventory is absorbed. With the total pending listings hovering near 3,300 for both years, it’s clear that demand remains consistent. This steadiness is further reflected in Austin’s broader market dynamics, where housing availability continues to meet buyer interest without creating significant imbalances. These figures serve as a testament to the durability of Austin's real estate market. Despite external factors that might influence housing markets nationwide, Austin’s pending listings have remained largely unaffected. For buyers and sellers alike, this stability provides a level of predictability that can inform decision-making in 2025. In summary, the Austin real estate market’s pending listings data for 2025 demonstrates a market that remains steadfast, with only a slight decline compared to 2024. With a year-over-year difference of just 0.6%, the figures highlight consistent buyer demand and market balance, reinforcing Austin’s reputation as a robust and appealing housing market​

Latest pending data on Austin’s real estate market. Learn how pending listings in 2025 compare to 2024, with insights into market trends, stability, and buyer demand

2025 Austin Real Estate Market: Pending Listings vs. 2024 Trends

13 Austin Zip Codes with High-Performing Cap Rates in 2025 The Austin real estate market has consistently been a hub of activity, attracting investors and homeowners alike. An analysis of cap rates across various zip codes in the Austin area provides valuable insights into current investment opportunities, especially when compared to the 6-month Treasury Bill rate. This report delves into the details, highlighting 13 zip codes where <a href="https://teamprice.com/cap-rate">cap rates</a> exceed the 6-month Treasury yield, offering potentially higher returns for property investors. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250107125608.png" alt="" width="" height="" style=""></figure></div> <a href="https://teamprice.com/cap-rate">Cap rates</a>, a critical measure for real estate investors, are calculated using the median sold price and median leased price of properties, with adjustments made for taxes, maintenance costs, and other expenses. Currently, the <a href="https://teamprice.com/cap-rate">Austin area has an average cap rate</a> of 3.73%, while the 6-month Treasury Bill yield stands at 4.25%. Although the overall average cap rate falls below the Treasury yield, specific zip codes present opportunities where real estate investments outperform risk-free alternatives. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20250107125448.png" alt="" width="" height="" style=""></figure></div> Among the high-performing zip codes, 78725 in Austin leads with a cap rate of 6.45%. This area benefits from relatively low property values combined with steady rental demand, creating an attractive scenario for investors. Similarly, Lockhart’s 78644 features a cap rate of 4.90%, driven by strong rental yields and manageable maintenance costs. Jarrell, located in 76537, boasts a cap rate of 4.66%, emphasizing its value as a growing market for real estate investments. Marble Falls, represented by zip code 78654, also stands out with a cap rate of 5.44%. This area combines moderate property prices with consistent rental income, making it an appealing option for investors. Driftwood’s 78619 offers a cap rate of 5.87%, highlighting its potential for delivering strong net operating income (NOI) relative to property values. A closer look at the data reveals that rental yields and property values play significant roles in determining cap rates. For instance, areas like 78725 and 78644 benefit from lower median property values, which, when combined with stable lease prices, result in higher returns. In contrast, other zip codes with higher property values but moderate rental income may present less favorable cap rates, emphasizing the importance of market selection for investors. Net operating income (NOI) across the Austin area fluctuates due to varying property taxes, maintenance expenses, and rental income. For example, properties in 78644 generate an NOI that aligns well with investment expectations, while other areas may experience challenges due to higher costs or lower rental income. Despite the broader trend of cap rates falling below Treasury yields, the 13 identified zip codes demonstrate that strategic investments can still yield competitive returns. Investors seeking opportunities in the Austin area should pay close attention to these locations, where favorable price-to-rent ratios and strong market demand create promising conditions for real estate. The data highlights the dynamic nature of the Austin real estate market, where careful analysis and informed decision-making are essential. As cap rates continue to fluctuate with market conditions, staying updated on these trends is crucial for maximizing investment potential. With specific zip codes outperforming traditional benchmarks, the Austin market remains a compelling option for those looking to capitalize on its growth and rental demand

Austin's top real estate opportunities with our detailed cap rate analysis. Learn which 13 zip codes outperform the 6-month Treasury yield, offering investors high returns in the 2025 market

13 Austin Zip Codes with High-Performing Cap Rates in 2025

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 Austin's Real Estate Market Bouncing Back? Pending Listings Analysis for 2024 Pending listings in the Austin Area MLS saw significant changes throughout 2024 compared to the previous year, 2023. This data offers a unique glimpse into market trends, reflecting shifts in buyer activity, seasonal adjustments, and the ongoing recovery of the real estate market in the region. By analyzing year-over-year statistics, we can assess whether 2023 represented a bottoming-out of the market and if 2024 signals a recovery. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241229015855.png" alt="" width="" height="" style=""></figure></div>​ In January 2024, the Austin Area MLS reported 3,901 pending listings, a modest increase from 3,826 in January 2023. February followed with an even more pronounced improvement, reaching 4,338 pending listings compared to 3,823 in the same month of the previous year, a notable 13.5% increase. These early months suggest a rebound in buyer demand during the typically slower winter season. This growth aligns with a trend of increasing buyer interest likely supported by more favorable mortgage rates and stable pricing in the market. March 2024 continued this upward trajectory, recording 4,823 pending listings compared to 4,704 in March 2023. Although the percentage increase was smaller than in February, the steady rise marked a promising sign of market stabilization. By April, pending listings reached 4,974, a slight decline from the previous month but still comparable to April 2023’s figure of 5,031. This consistency highlights a balance in market activity, setting the stage for a more predictable spring buying season. As the market entered the summer months, which traditionally see the highest activity, the numbers revealed a mixed picture. June 2024 registered 4,377 pending listings, slightly lower than the 4,784 seen in June 2023. Similarly, July showed 4,203 pending listings compared to 4,469 in July 2023. These declines, though modest, reflect the challenges posed by limited inventory and affordability constraints, which continue to weigh on buyer activity. August 2024 saw 3,944 pending listings, down from 4,201 in August 2023. However, a turnaround emerged in September and October 2024, with 3,932 and 3,727 pending listings, respectively, both surpassing the figures from their corresponding months in 2023. This late-year recovery suggests renewed momentum in the market, potentially driven by improving economic conditions and adjustments in pricing strategies by sellers. The total number of pending listings for 2024 reached 49,200, slightly above the 49,020 recorded in 2023. While the increase may seem incremental, it represents a critical inflection point for the Austin real estate market. After a sharp decline in pending listings during the post-pandemic years of 2022 and 2023, the stabilization and growth observed in 2024 could indicate that the market is beginning to recover from its lows. Analyzing long-term trends provides additional context to these year-over-year changes. Over the past decade, the total number of pending listings in the Austin Area MLS grew steadily, rising from 46,775 in 2014 to 49,200 in 2024. This gradual increase underscores the region’s sustained demand for housing, driven by population growth and a strong local economy. However, the 5-year average (2020–2024) highlights the volatility introduced by external factors such as the COVID-19 pandemic, fluctuating interest rates, and economic uncertainties. Seasonal variations remain a defining feature of the Austin real estate market. Historically, pending listings peak during the spring and summer months, tapering off in the fall and winter. In 2024, this pattern largely held true, although the mid-year dips suggest a cooling effect that could be attributed to affordability challenges and limited new inventory entering the market. Despite these hurdles, the market demonstrated resilience, with late-year improvements signaling a potential shift toward a more balanced state. The question remains: was 2023 the bottom of the market? The data suggests that it might have been. With pending listings increasing in several key months of 2024 and the total surpassing the previous year’s figure, the market appears to be on a recovery path. However, the pace of this recovery is tempered by persistent challenges, including affordability issues and inventory shortages. Buyers and sellers alike must navigate these conditions carefully to capitalize on emerging opportunities. Looking ahead, the Austin real estate market’s trajectory will likely depend on broader economic factors, including interest rate trends, employment growth, and housing supply dynamics. If the momentum observed in the latter part of 2024 continues, 2025 could mark a more pronounced recovery, with higher levels of buyer activity and increased confidence among market participants. In conclusion, the analysis of pending listings in the Austin Area MLS for 2024 reveals a market in transition. The year’s data highlights early signs of recovery from the downturns of 2022 and 2023, with steady improvements in key months and a total annual increase in pending listings. As buyers and sellers adjust to evolving market conditions, the Austin real estate market remains poised for growth, underscoring its enduring appeal and resilience.&nbsp;

2024 Austin Area MLS pending listings data and discover key market trends, year-over-year growth, and insights into whether 2023 marked the market's bottom

Austin Real Estate Market 2024: Recovery Insights from Pending Listings Data

Why Austin’s New Listings Are Surpassing Population Growth in 2024 The Austin metropolitan statistical area (MSA) is no stranger to rapid growth. In 2024, the region saw a record-breaking 54,162 new residential listings, setting a historic high for the area. This milestone in the Austin real estate market coincides with ongoing population growth over the past decade. However, a closer look at the data reveals that the rise in new listings has outpaced the population increase, presenting an intriguing dynamic for stakeholders in the region. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241229110909.png" alt="" width="" height="" style=""></figure></div> Between 2014 and 2024, the Austin MSA’s population grew from 1,943,017 to 2,473,275. This represents an absolute increase of 530,258 people, or 27.3% growth over the decade. During the same period, the number of new residential listings increased from 39,843 to 54,162. This marks an absolute increase of 14,319 listings, reflecting a 35.9% growth rate. The faster rise in new listings compared to the population growth rate highlights a noteworthy divergence in market dynamics. Examining year-over-year trends provides additional insight. Population growth in the Austin MSA has been relatively steady, with annual increases averaging between 2.5% and 3.5% over the past decade. The largest yearly population growth occurred in 2020, with an addition of 72,029 residents, representing a 3.23% increase from the previous year. Conversely, new residential listings have shown more variability. The year 2024 saw an 8.6% increase in new listings compared to 2023, one of the largest year-over-year gains in recent memory. This sharp rise may reflect heightened seller confidence, improved market conditions, or strategic timing to capitalize on strong demand. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241229110923.png" alt="" width="" height="" style=""></figure></div>​ Seasonality plays a critical role in understanding these dynamics. Historically, the spring and early summer months witness the highest listing activity. In 2024, May recorded the highest monthly total of 6,165 new listings. The seasonal trend aligns with heightened buyer interest and market activity during these months. On the other hand, December 2024 marked the lowest monthly total, with 2,551 new listings, reflecting the typical end-of-year slowdown. While the increase in new listings exceeds population growth, the margin of difference is notable but not extreme. Over a ten-year span, the listing growth rate outpaced population growth by approximately 8.6 percentage points. This suggests that the rise in new listings is moderately higher than demographic trends alone would predict. Factors contributing to this divergence could include increased investor activity, a growing inventory of resale homes, and shifting economic conditions prompting homeowners to sell. Additionally, market-specific drivers, such as new construction projects and evolving zoning policies, likely play a role. From an analytical perspective, the risks associated with new listings exceeding population growth are twofold. First, if the supply of homes continues to grow disproportionately to demand, it could lead to inventory oversupply, resulting in downward pressure on prices. This scenario could be beneficial for buyers seeking more options and competitive pricing but challenging for sellers aiming to maximize returns. Second, a persistent surplus of listings could impact the market’s absorption rate, increasing the average time properties remain on the market and potentially signaling a shift towards a buyer’s market. However, the current margin between population and listing growth does not yet indicate a severe imbalance. Austin remains a desirable destination for relocation, bolstered by a strong local economy, job opportunities, and an attractive quality of life. The steady influx of new residents suggests that demand for housing is likely to remain robust, helping to absorb increased inventory levels. The record-breaking 54,162 new listings in 2024 underscore a vibrant and active real estate market. For buyers, this growth translates to more options and potentially reduced competition. For sellers, the data highlights the importance of strategic pricing and marketing to stand out in a crowded marketplace. Real estate professionals must remain attentive to these dynamics, leveraging data to advise clients effectively and navigate the evolving landscape. In conclusion, while the rise in new residential listings has outpaced population growth, the difference is moderate and reflects the complexity of Austin’s real estate market. Continued monitoring of both population trends and inventory levels will be essential to ensure balance and sustain long-term market health​

In 2024, Austin MSA reached a record 54,162 new real estate listings, outpacing population growth. Explore the data-driven analysis comparing listing trends to a decade of population increases and the implications for Austin's housing market.

Record High Listings in Austin 2024: Population Growth Compared

Understanding <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">Absorption Rates in Austin’s Real Estate Market</a>: A Comprehensive Analysis by Price Point The Austin real estate market continues to evolve, offering diverse opportunities for both buyers and sellers. By analyzing <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">absorption rates</a>, we can gain valuable insights into market demand, price competitiveness, and buyer-seller dynamics. Absorption rates, which measure the pace at which homes are sold relative to the number of active listings, provide a clear snapshot of market activity. This report offers a breakdown of Austin’s market conditions by price point, revealing important trends. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223033740.png" alt="" width="" height="" style=""></figure></div>​In the $200,000 to $300,000 price range, the market reflects a mix of activity levels. Properties in this segment primarily fall into the yellow/orange category, indicating moderate demand with a balanced market environment. This balance suggests that buyers have some negotiating power, while sellers can still achieve favorable outcomes with strategic pricing. However, there are instances of light green demand, showing pockets of stronger competition.​As we move into the $400,000 to $600,000 range, the market begins to exhibit stronger signs of activity. Yellow/orange demand remains prominent, but light green demand is increasingly visible. For homes priced at $500,000, strong demand is noticeable, with sellers experiencing shorter time on the market. Meanwhile, higher-end properties in the $700,000 to $900,000 range show varied activity. While yellow/orange demand is consistent, light green and even dark green demand levels highlight extremely competitive conditions in certain areas, especially for well-maintained or uniquely positioned properties.​At the $1,000,000 and above price point, market activity is diverse. While some properties show no activity, represented by grey, others fall under dark green, indicating exceptional demand in select areas. This contrast underscores the importance of location, property condition, and buyer preferences in this price range. Sellers in this segment should consider detailed market analysis to position their homes competitively.​The <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">absorption rate data</a> also highlights the importance of color-coded demand levels in understanding market conditions. Dark green represents extremely high demand, signaling a seller’s market where homes sell rapidly. Light green indicates strong demand, benefiting sellers but still providing room for negotiation. Yellow/orange shows balanced conditions, red reflects opportunities for buyers to negotiate favorable deals, and grey points to stagnant markets with no sales activity. This nuanced view of the Austin real estate market underscores the critical role of data-driven insights in navigating buying and selling decisions. The trends across price points demonstrate that opportunities exist for both buyers and sellers, depending on market conditions and strategic timing. Whether you’re entering the market as a buyer or positioning your property as a seller, understanding absorption rates is key to achieving your goals in Austin’s competitive real estate landscape​

Explore Austin’s real estate market with a detailed analysis of absorption rates by price point. Understand buyer-seller dynamics, market demand, and trends shaping the housing landscape in 2024

Austin Housing Market Breakdown: Insights on Absorption Rates

<a href="https://teamprice.com/building-permits">Austin-Area Building Permit Data</a> Highlights Regional Growth Trends December 23, 2024 : The Austin-area metropolitan statistical area has experienced significant developments in construction activity, as evidenced by the <a href="https://teamprice.com/building-permits">latest building permit data for the Austin Area</a> released for November 2024. This report sheds light on residential and multi-unit housing trends in one of the fastest-growing regions in the country, showcasing a detailed analysis of permits issued and their broader implications. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043025.png" alt="" width="" height="" style=""></figure></div>​For all units combined, November permits surged to levels 93.9% above the historical monthly average, emphasizing the strong construction momentum. Year-to-date cumulative permits from January to November 2024 have been 42.6% higher than the long-term average, reflecting sustained growth across the housing market.&nbsp; Focusing on single-family homes, permits issued in November 2024 were 26.1% above the historical monthly average, reinforcing the continued demand for single-unit residential properties. Over the first eleven months of the year, cumulative permits for this category outpaced the average by 32.1%, highlighting robust activity in Austin's suburban and urban residential sectors. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043048.png" alt="" width="" height="" style=""></figure></div>​The market for multi-family units comprising 2 to 4-unit structures also saw an increase, with November permits registering 14.8% above average. More notably, cumulative year-to-date permits in this category soared to 76.9% above the historical average. This surge indicates a growing interest in small multi-family developments, likely fueled by a combination of investment opportunities and changing housing preferences among Austin residents. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043108.png" alt="" width="" height="" style=""></figure></div>​For larger-scale developments of 5 or more units, the data demonstrates sustained interest, with year-to-date cumulative permits continuing to exceed historical benchmarks. While the month-to-month numbers reflect variations, the year-to-date trends underscore Austin's appeal for developers focused on large multi-family housing projects, which are vital for addressing the region's housing demands. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043124.png" alt="" width="" height="" style=""></figure></div> When analyzing the data in terms of permits issued per 100,000 population, a nuanced picture emerges. For all units, November figures were 46.8% above average, underscoring Austin’s leadership in meeting housing demands despite rapid population growth. However, the 1-unit permits per 100,000 population fell slightly below average by 6.9%, suggesting that while single-family housing remains strong, its share relative to population growth may be stabilizing. Conversely, permits for 2 to 4-unit structures and 5+ unit developments show continued upward trends, highlighting diverse housing options being developed to meet the city's growing needs. This detailed analysis of the Austin-area building permits provides valuable insights into the region's evolving housing market. Developers, investors, and residents alike can use this data to understand the ongoing construction trends shaping Austin’s landscape.&nbsp;

Latest Austin-area building permit trends with November 2024 data. Learn how single-family and multi-unit housing developments are shaping the region's growth, with cumulative permits exceeding averages across all categories

Austin Housing Market 2024: Building Permit Trends and Growth Analysis

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

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