Is Central Austin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Central Austin was a Seller's Market.
Key Takeaway
Central Austin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Austin, TX
How much do homes in Central Austin, TX cost?
Median Sold Price
$627,822
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Austin have sold for 10% less than they did a year ago.
Summary: The median home sold price in Central Austin was $627,822 in April 2024, down 10% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $248.4K | -9.7% |
| 2 Bedrooms | $412.5K | $424.2K | +2.8% |
| 3 Bedrooms | $975K | $932.5K | -4.4% |
| 4 Bedrooms | $2.1M | $1.6M | -22.9% |
| 5+ Bedrooms | $1.7M | $2.8M | +64.3% |
Summary: Central Austin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes increased by 64.3%.
Housing Supply in Central Austin, TX
How many homes are available in Central Austin, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 346 | 452 | +30.6% |
Summary: The Central Austin real estate market had 452 homes for sale in April 2024, a 30.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 44 | +4.8% |
| 2 Bedrooms | 102 | 133 | +30.4% |
| 3 Bedrooms | 90 | 118 | +31.1% |
| 4 Bedrooms | 78 | 105 | +34.6% |
| 5+ Bedrooms | 34 | 52 | +52.9% |
Summary: The Central Austin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 31.1%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 52.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 58 | +26.1% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Austin, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Central Austin in April 2024, up by 26.1% month-over-month. Of the 58 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.
Days on Market for Central Austin, TX
How long does it take to sell a home in Central Austin, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 54 Days | +16.1% |
Summary: Homes in Central Austin had an average of 54 days on market in Apr 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Austin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 58 homes were sold in Central Austin; 48% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS 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, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.