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

Housing Market Conditions



Gauge showing Austin is a neutral's market


Difference Since February 2023

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

Key Takeaway

Austin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Austin, TX

How much do homes in Austin, TX cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Austin have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in Austin was $569,674 in February 2024, down 5.1% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $345K$301K
2 $477.5K$425K
3 $579K$510.1K
4 $753K$717.8K
5+ $1.1M$1.1M

Summary: Austin housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Cities

West Lake Hills

Housing Supply in Austin, TX

How many homes are available in Austin, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Austin real estate market had 4,390 homes for sale in February 2024, a 21.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 180235
2 577729
3 1,4391,712
4 1,0551,254
5+ 368460

Summary: The Austin housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.6%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

439 Homes Were Sold
Under Asking

109 Homes Were Sold
At Asking

99 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. 67.9% of homes here sold below asking price last month.

Summary: A total of 647 homes were sold or pending in Austin in February 2024, up by 20.5% month-over-month. Of the 647 sold homes, 68% were sold under asking, 17% 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

Feb 2023Feb 2024CHANGE
67 Days76 Days+14.3%

Summary: Homes in Austin had an average of 76 days on market in Feb 2024, up by 14.3% compared to last year.

Breakdown of Home Sale Times

234 Homes Were Sold
Under 30 Days

192 Homes Were Sold
In 30 - 90 Days

221 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.

Summary: During February 2024, 647 homes were sold in Austin; 36% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in Austin, TX

Nearby Markets to Austin, TX

What housing markets are near Austin, TX?