Is Austin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Austin was a Seller's Market.
Housing Prices in Austin, TX
How much do homes in Austin, TX cost?
Median Sold Price
$566,449
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Austin was $566,449 in June 2024, down 1.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.8K | $298.6K | -7.5% |
2 Bedrooms | $443.8K | $423.1K | -4.7% |
3 Bedrooms | $528.1K | $499.4K | -5.4% |
4 Bedrooms | $720K | $738.1K | +2.5% |
5+ Bedrooms | $1.1M | $1.1M | +3.9% |
Summary: Austin housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in Austin, TX
How many homes are available in Austin, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6,021 | 6,482 | +7.7% |
Summary: The Austin real estate market had 6,482 homes for sale in June 2024, a 7.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 321 | 384 | +19.6% |
2 Bedrooms | 913 | 964 | +5.6% |
3 Bedrooms | 2,293 | 2,460 | +7.3% |
4 Bedrooms | 1,789 | 1,911 | +6.8% |
5+ Bedrooms | 705 | 763 | +8.2% |
Summary: The Austin housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,043 | 770 | -26.2% |
Asking Price vs. Sold Price
536 Homes Were Sold
Under Asking
116 Homes Were Sold
At Asking
118 Homes Were Sold
Over Asking
Summary: A total of 770 homes were sold or pending in Austin in June 2024, down by 26.2% month-over-month. Of the 770 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Austin, TX
How long does it take to sell a home in Austin, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
41 Days | 44 Days | +7.8% |
Summary: Homes in Austin had an average of 44 days on market in Jun 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
428 Homes Were Sold
Under 30 Days
260 Homes Were Sold
In 30 - 90 Days
82 Homes Were Sold
Over 90 Days
Summary: During June 2024, 770 homes were sold in Austin; 56% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.