Austin Housing Market Report
There’s a quiet recalibration happening in the Austin real estate market—less of a crash, more of a deep exhale. The latest numbers from Unlock MLS tell a story few agents will put in a headline: we're entering a season of serious negotiation power for buyers and a call for savvier strategy for sellers.
Let’s unpack what’s actually happening beneath the surface—and what it means for you.
Inventory: An era of options
Buyers, the pickings are no longer slim. Inventory in the Austin-Round Rock MSA hit 16,577 active listings—a 19.4% jump from last year. In the city proper, it’s 5,257, up over 20%.
Translation? The “we-have-to-offer-tonight” days are in the rearview mirror. The market is balancing out, and buyers have breathing room for the first time in years. Sellers, that means presentation, pricing, and patience now matter more than ever.
5,873
New Listings
13,108
Active Listings
3,156
Under Contract
2,580
Closed Sales
** Data reflects the April 2025 market report published by Unlock MLS
Prices: Not Falling, Just flattening
Despite swelling supply, home values have held their ground—but only if you play your cards right. The median price hit $478,500, a 5.2% increase year-over-year. But don’t let that fool you.
More than 50% of listings in the MLS have dropped their prices. In the suburbs? It’s even more dramatic. Manchaca saw 79% of listings make adjustments. Jarrell, Manor, and Lago Vista aren’t far behind.
In this market, price isn’t a suggestion—it’s a strategy.
Buyer Behavior: No Rush, No Regret
The Activity Index—a measure of how fast homes go under contract—dropped to 23.4%, a 13.7% dip from last year. Pending sales are trailing seasonal norms by over 7%.
Today’s buyer isn’t disengaged. They’re simply unrushed. They know they have leverage. They’re watching. Waiting. And when the right home hits the sweet spot on price, condition, and location—they’ll move.
$593,643
Sales Price
66
Days on Market
$269
Price Per SQFT
5.2
Months of Supply
** Data reflects the April 2025 market report published by Unlock MLS
Homes Sold
95%
Sale-to-List Price
The Takeaway: Less Froth, More Foresight
We’re no longer operating in an emotional marketplace. We’re operating in a thoughtful one. This is good. It rewards the prepared, the strategic, the realistic.
If you’re selling, the message is simple: don’t chase yesterday’s comps. Stage smart. Price sharp. Work with an advisor who knows how to position a home for today’s buyer—not last year’s.
If you’re buying? You have more power and choice than you’ve had in years. Use it well.