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Austin Housing Report
Home price in single digits since 2020
The market is normalizing. Inventory skyrocketed 167% and and the average close to list price for residential homes was 98.8% - a dramatic shift from the 104% for the better part of the beginning of 2022.
Homes spent an average of 22 days on the market and pending sales declined 25.9%.
Median price gained only 8% year over year - first time we've seen a single digit since June 2020.
Active Listings skyrocketed 167%
$515,000
Median Sales Price
2.7
Months of Supply
22
Average Days on Market
$313
Average Price per Square Foot
Homes Sold
98.8%
Sale-to-List Price
5,142
New Listings
2,774
Under Contract
8,709
Active Listings
2,849
Closed Sales
“The Austin real estate market’s inventory and mortgage interest rates have returned to pre-pandemic levels in recent months. It’s not the intense sellers’ market it was a few months ago and sellers should reset their expectations. For the first time in a long time, buyers have more flexibility and leverage in the transaction.”
-Ryan Leahy
Regional President
Austin Mortgage Lending Company HomeTown Texas
ABoR Affiliate
Surrounding Counties Median Home Price
415,000
Bastrop
379,536
Caldwell
450,000
Hays
485,000
Williamson