Is 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, Austin was a Seller's Market.
Housing Prices in Austin, TX
How much do homes in Austin, TX cost?
Median Sold Price
$568,336
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Austin was $568,336 in April 2024, down 3% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340.4K | $299K | -12.2% |
2 Bedrooms | $459K | $424.8K | -7.4% |
3 Bedrooms | $552.5K | $502.6K | -9.0% |
4 Bedrooms | $738.7K | $726K | -1.7% |
5+ Bedrooms | $1.1M | $1.1M | +6.6% |
Summary: Austin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Austin | $586K | $568.3K | -3.0% |
West Lake Hills | $2.7M | $1.7M | -34.3% |
Housing Supply in Austin, TX
How many homes are available in Austin, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,917 | 5,838 | +18.7% |
Summary: The Austin real estate market had 5,838 homes for sale in April 2024, a 18.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 261 | 306 | +17.2% |
2 Bedrooms | 781 | 922 | +18.1% |
3 Bedrooms | 1,909 | 2,262 | +18.5% |
4 Bedrooms | 1,429 | 1,679 | +17.5% |
5+ Bedrooms | 537 | 669 | +24.6% |
Summary: The Austin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 24.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
903 | 925 | +2.4% |
Asking Price vs. Sold Price
571 Homes Were Sold
Under Asking
158 Homes Were Sold
At Asking
195 Homes Were Sold
Over Asking
Summary: A total of 925 homes were sold or pending in Austin in April 2024, up by 2.4% month-over-month. Of the 924 sold homes, 62% were sold under asking, 17% were sold at asking, and 21% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 46 Days | +2.9% |
Summary: Homes in Austin had an average of 46 days on market in Apr 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
560 Homes Were Sold
Under 30 Days
206 Homes Were Sold
In 30 - 90 Days
159 Homes Were Sold
Over 90 Days
Summary: During April 2024, 925 homes were sold in Austin; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.