Updated Market Overview
The Austin-area MLS now boasts 12,589 active properties as of March 06, 2025, a 1.73% rise from last year’s 12,375. Months of Inventory has jumped to 4.72 months, up 11.58% from 4.23 months in 2024. Inside the City of Austin, active listings have dipped slightly by 1.91% to 3,494 from 3,562, while Months of Inventory has increased by 4.76% to 4.46 months.
Pricing Dynamics in Austin Real Estate
Across the Austin-area MLS, the average list price for homes has climbed to $568,636, a 1.59% increase from $559,754 last year. However, the median active listing price has slipped by 3.38% to $429,000 from $444,000. On the sales front, the average sold price is now $549,427, up 1.39% from $541,899, while the median sold price has fallen 2.80% to $418,500 from $430,555. In the City of Austin, the average active listing price has surged by 6.24% to $785,308 from $739,173, with the median active price ticking up 2.12% to $570,000 from $558,190. The average sold price in the city has risen 5.75% to $755,878 from $714,790, and the median sold price has edged up 1.82% to $559,990 from $550,000.
City and Regional Dynamics
Of the 30 tracked cities in Central Texas, 11 (37%) have seen month-over-month price increases, while 12 (40%) have experienced decreases. Year-over-year, 10 cities (33%) have recorded price gains, while 20 (67%) have faced declines. Over the past 12 months, no cities have surpassed their previous peak values, with all 30 still below their highs. Across the 75 zip codes analyzed, 35 (47%) show month-over-month price increases, while 25 (33%) show declines. Year-over-year, 31 zip codes (41%) have seen price growth, while 44 (59%) have dropped. Only 10 zip codes have exceeded their prior 12-month peaks, with 65 still lagging behind.
Central Texas Cities and Zip Code Analysis
Among the 30 tracked cities, 10 have posted year-over-year price increases, while 20 have declined. Month-over-month, 11 cities have gained in price, while 12 have lost ground. Over the last 12 months, no cities have hit new peak values. In the 75 zip codes studied, 31 have seen year-over-year price increases, while 44 have decreased. Month-over-month, 35 zip codes have risen in price, while 25 have fallen. Just 10 zip codes have climbed past their 12-month peak values, while 65 remain below.
Sales vs. List Price Analysis
This month, 67.76% of properties sold below list price, up slightly from 66.18% last month. Properties selling at list price dropped to 20.09% from 21.35%, while 12.15% sold above list price, down from 12.47% last month. In March 2024, 15.23% of properties sold above list price. The average sold price to list price ratio is now 97.65%, showing buyers still have room to negotiate.
Peak Value Analysis: Austin-Area MLS
The median list price in the Austin-area MLS has dropped 2.76% from its May 2022 peak of $539,900, now at $525,000. The average sold price has fallen 14.07% from its May 2022 peak of $664,515 to $571,022. The median sold price has declined 20.35% from $538,000 to $428,495. Price per square foot shows the average down 18.21% from its April 2022 peak of $324 to $265, while the median has decreased 21.43% from $280 to $220.
Peak Value Analysis: City of Austin
In the City of Austin, the median list price has fallen 5.10% from its May 2022 peak of $658,589 to $625,000. The average sold price has dropped 9.94% from its May 2022 peak of $847,583 to $763,370. The median sold price has declined 23.82% from $680,000 to $518,000. The average price per square foot has decreased 16.06% from its May 2022 peak of $442 to $371, while the median has fallen 21.37% from its April 2022 peak of $393 to $220.
The Austin real estate market keeps shifting, revealing fresh data every month. Understanding these numbers and trends is key to staying ahead. At Team Price Real Estate, we blend sharp data analysis with years of market know-how to guide our clients through every step. Here, "Experience Meets Insight" is more than words—it’s how we bring real results to every deal.
