Is Austin, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austin is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Austin was a Seller's Market.

Key Takeaway

Austin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Austin, TX cost?

Median Sold Price

$599,823

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$64,035(+12.0%)

Key Takeaway

Homes in Austin have sold for 12% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $290.5K$349.8K
+20.4%
2 $432.3K$486.8K
+12.6%
3 $525.5K$579.8K
+10.3%
4 $687.1K$749.9K
+9.1%
5+ $965.4K$1.0M
+11.9%

Median Sold Price Compared To Nearby Cities

Sunset Valley
+29.7%
Austin
+12.0%
West Lake Hills
-6.2%

How many homes are available in Austin, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
3,1543,143-0.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 142147
+3.5%
2 517517
0.0%
3 1,4721,473
0.1%
4 842834
-1.0%
5+ 181172
-5.0%

Number of Homes Sold

Oct 2022Nov 2022%
550425-22.7%

Asking Price vs. Sold Price

302 Homes Were Sold
Under Asking

67 Homes Were Sold
At Asking

55 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Austin, you may be able to get a good deal. 71.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
19 Days43 Days+121.0%

Breakdown of Home Sale Times

194 Homes Were Sold
Under 30 Days

176 Homes Were Sold
In 30 - 90 Days

54 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Austin are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Austin, TX

There are 3,143 homes are for sale in Austin, TX real estate market. The inventory of homes for sale in Austin, TX between October 2022 and November 2022 decreased by 0.3%. While the average time on the market in November 2022 was 43 days, the median list price was $599,823. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 20.4%, the cost of 2 bedrooms properties went up by 12.6%, the cost of 3 bedrooms properties went up by 10.3%, the cost of 4 bedrooms properties went up by 9.1%, 5 bedrooms properties prices increased by 11.9%. Volume of homes for sale changed: 1 bedroom homes became 3.5% more available, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 0.1%, volume of 4 bedrooms homes went down by 1%, number of 5 bedrooms homes decreased by 5%. Austin, TX housing market in November 2022 saw over 55 listings sold above listed price, more than 67 sold at listed price and over 302 sold below.

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