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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austin is a 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

# BEDSNov 2020Nov 2021%
1 $247.7K$295.2K
+19.2%
2 $357.3K$430.9K
+20.6%
3 $400K$526K
+31.5%
4 $519.9K$687.9K
+32.3%
5+ $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 2021Nov 2021%
3,0072,646-12.0%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 173150
-13.3%
2 542469
-13.5%
3 1,4591,281
-12.2%
4 708627
-11.4%
5+ 125119
-4.8%

Number of Homes Sold

Oct 2021Nov 2021%
940845-10.1%

Asking Price vs. Sold Price

305 Homes Were Sold
Under Asking

161 Homes Were Sold
At Asking

379 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2020Nov 2021%
23 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

About Austin, TX

There are 2,646 homes are for sale in Austin, TX real estate market. The number of listings in Austin, TX decreased by 12% between October 2021 and November 2021. While the average time on the market in November 2021 was 18 days, the median list price was $536,281. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 19.2%, prices of 2 bedrooms properties went up by 20.6%, the cost of 3 bedrooms properties went up by 31.5%, the cost of 4 bedrooms properties went up by 32.3%, 5 bedrooms properties prices increased by 31.5%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 13.3%, 2 bedrooms homes became 13.5% less available, number of 3 bedrooms homes decreased by 12.2%, number of 4 bedrooms homes decreased by 11.4%, 5 bedrooms homes became 4.8% less available. In November 2021, from all listings sold in Austin, TX there were more than 379 sold above asking price, over 305 sold below and more than 161 were sold right at the asked price.

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