The Austin housing market is currently experiencing a period of adjustment, reflecting broader trends in the real estate sector. With a median sale price of $525K in the last month, the market has seen a slight decrease of 2.8% since last year. This dip in prices accompanies a subtle reduction in the median sale price per square foot, which now stands at $316, marking a 1.9% decline from the previous year.
Austin's housing market is characterized by a relatively low level of competitiveness compared to the fevered pace seen in previous years. On average, homes receive 2 offers before sale, suggesting a balance between buyers and sellers without the bidding wars common in more competitive markets. The median time on the market for homes has slightly decreased, from 86 days last year to 81 days now, indicating a steady pace of sales without significant urgency from buyers.
Despite the cooling prices, the volume of home sales has increased, with 696 homes sold in February this year, up from 630 the year before. This 10.5% year-over-year increase in sales volume suggests that, while prices may have softened, the demand for homes in Austin remains strong. Buyers seem to be taking advantage of the more favorable pricing environment to secure properties in this desirable city.
The current state of the Austin housing market reflects a period of normalization following the intense growth and competition seen in recent years. The slight decline in prices and the stabilization of the sales process may offer opportunities for both buyers and sellers to achieve their real estate goals without the pressures of an overheated market.
For buyers, the current market conditions provide a chance to find properties at more reasonable prices and with less competition. Sellers, while needing to adjust expectations slightly, can still find a robust audience of potential buyers, especially if they price their homes in line with current market trends.
There's plenty to do around Austin, including shopping, dining, nightlife, parks, and more. Data provided by Walk Score and Yelp.
Explore popular things to do in the area, including Bad Mama Bakehouse, Gelu Italian Ice - Austin, and Feral Pizza.
Name | Category | Distance | Reviews |
Ratings by
Yelp
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Dining | 3.66 miles | 10 reviews | 5/5 stars | |
Dining | 3.74 miles | 5 reviews | 5/5 stars | |
Dining | 2.16 miles | 8 reviews | 5/5 stars | |
Dining | 2.16 miles | 9 reviews | 5/5 stars | |
Dining | 4.23 miles | 5 reviews | 5/5 stars | |
Active | 3.57 miles | 13 reviews | 5/5 stars | |
Active | 3.93 miles | 8 reviews | 5/5 stars | |
Active | 2.46 miles | 10 reviews | 5/5 stars | |
Active | 0.9 miles | 9 reviews | 5/5 stars | |
Active | 1.7 miles | 34 reviews | 5/5 stars | |
Active | 4.51 miles | 7 reviews | 5/5 stars | |
Beauty | 1.98 miles | 18 reviews | 5/5 stars | |
Beauty | 2.37 miles | 5 reviews | 5/5 stars | |
Beauty | 1.93 miles | 12 reviews | 5/5 stars | |
Beauty | 3.19 miles | 17 reviews | 5/5 stars | |
Beauty | 3.94 miles | 10 reviews | 5/5 stars | |
Beauty | 3.88 miles | 7 reviews | 5/5 stars | |
Beauty | 4.66 miles | 6 reviews | 5/5 stars | |
Beauty | 4.66 miles | 38 reviews | 5/5 stars | |
Beauty | 4.63 miles | 20 reviews | 5/5 stars | |
Beauty | 1.99 miles | 10 reviews | 5/5 stars | |
Beauty | 3.7 miles | 5 reviews | 5/5 stars | |
Beauty | 2.95 miles | 47 reviews | 5/5 stars | |
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Austin has 413,685 households, with an average household size of 2. Data provided by the U.S. Census Bureau. Here’s what the people living in Austin do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 1,024,695 people call Austin home. The population density is 2,026.82 and the largest age group is Data provided by the U.S. Census Bureau.
Total Population
Population Density Population Density This is the number of people per square mile in a neighborhood.
Median Age
Men vs Women
Population by Age Group
0-9 Years
10-17 Years
18-24 Years
25-64 Years
65-74 Years
75+ Years
Education Level
Total Households
Average Household Size
Average individual Income
Marital Status
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