Is Central Austin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Central Austin was a Seller's Market.
Key Takeaway
Central Austin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Austin, TX
How much do homes in Central Austin, TX cost?
Median Sold Price
$663,800
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Central Austin have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Central Austin was $663,800 in May 2024, down 5.6% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263.2K | $249.5K | -5.2% |
| 2 Bedrooms | $405K | $437K | +7.9% |
| 3 Bedrooms | $975K | $950K | -2.6% |
| 4 Bedrooms | $2.0M | $1.5M | -21.9% |
| 5+ Bedrooms | $2.0M | $2.8M | +37.8% |
Summary: Central Austin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 37.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Austin | $703K | $663.8K | -5.6% |
| Bryker Woods | $1.9M | $1.3M | -30.1% |
Housing Supply in Central Austin, TX
How many homes are available in Central Austin, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 421 | 472 | +12.1% |
Summary: The Central Austin real estate market had 472 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 49 | +19.5% |
| 2 Bedrooms | 126 | 137 | +8.7% |
| 3 Bedrooms | 110 | 119 | +8.2% |
| 4 Bedrooms | 97 | 116 | +19.6% |
| 5+ Bedrooms | 47 | 51 | +8.5% |
Summary: The Central Austin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 65 | +1.6% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Austin, you may be able to get a good deal. 83.1% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Central Austin in May 2024, up by 1.6% month-over-month. Of the 65 sold homes, 83% were sold under asking, 8% were sold at asking, and 9% were sold over asking.
Days on Market for Central Austin, TX
How long does it take to sell a home in Central Austin, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +18.9% |
Summary: Homes in Central Austin had an average of 39 days on market in May 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Austin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 65 homes were sold in Central Austin; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.