Is Austin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2020
Since last year, Austin has remained a Seller's Market.
Key Takeaway
Austin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Austin, TX cost?
Median Sold Price
$536,281
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2020
+$116,289(+27.7%)
Key Takeaway
Homes in Austin have sold for 27.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Nov 2020 | Nov 2021 | % |
|---|---|---|---|
| 1 Bedroom | $247.7K | $295.2K | +19.2% |
| 2 Bedrooms | $357.3K | $430.9K | +20.6% |
| 3 Bedrooms | $400K | $526K | +31.5% |
| 4 Bedrooms | $519.9K | $687.9K | +32.3% |
| 5+ Bedrooms | $737.7K | $970.2K | +31.5% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| West Lake Hills | +64.0% |
| Austin | +27.7% |
How many homes are available in Austin, TX?
Number of Homes For Sale
| Oct 2021 | Nov 2021 | % |
|---|---|---|
| 3,007 | 2,646 | -12.0% |
Homes For Sale By Bedroom Count
| # BEDS | Oct 2021 | Nov 2021 | % |
|---|---|---|---|
| 1 Bedroom | 173 | 150 | -13.3% |
| 2 Bedrooms | 542 | 469 | -13.5% |
| 3 Bedrooms | 1,459 | 1,281 | -12.2% |
| 4 Bedrooms | 708 | 627 | -11.4% |
| 5+ Bedrooms | 125 | 119 | -4.8% |
Number of Homes Sold
| Oct 2021 | Nov 2021 | % |
|---|---|---|
| 940 | 845 | -10.1% |
Asking Price vs. Sold Price
305 Homes Were Sold
Under Asking
161 Homes Were Sold
At Asking
379 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Austin, you could pay more than the asking price. 44.9% of homes here sold above asking price last month.
Average Sale Time
| Nov 2020 | Nov 2021 | % |
|---|---|---|
| 23 Days | 18 Days | -19.8% |
Breakdown of Home Sale Times
671 Homes Were Sold
Under 30 Days
151 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Austin are selling fast, if you're buying plan to act quickly.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS)®. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS 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 or ACTRIS may not reflect all real estate activity in the market. Copyright 2005 Austin Central Texas Realty Information Services, Inc.
Disclaimer: Certain information contained herein is derived from information which is the property of, and copyrighted by, Houston Realtors Information Service, Inc. The listing information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Copyright© 2021 Houston Realtors Information Service, Inc. All rights reserved.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2021 San Antonio Board of Realtors®. All Rights Reserved. 