RealTrends Market Report

Austin, TX

Single-Family Homes

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Austin, TX

Sun Dec 10 2023
This week the median list price for Austin, TX is $719,945 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 2,532. Click here to stay informed with the Austin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Austin, TX

Sun Dec 10 2023
This week the median list price for Austin, TX is $719,945 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 2,532. Click here to stay informed with the Austin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Austin market.
Median List Price $719,945
Median Price of New Listings $675,000
Per Square Foot $360
Average Days on Market 107
Median Days on Market 77
Price Decreased 57%
Price Increased 2%
Relisted 6%
Inventory 2,532
Median Rent
Market Action 34
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,999,000 3,492 0.25 - 0.5 acre 4 3.5 11 38 54 84
$890,000 2,549 8,000 - 10,000 sqft 4 3 15 36 70 77
$600,000 1,861 6,500 - 8,000 sqft 3 2 33 48 77 77
$429,900 1,500 6,500 - 8,000 sqft 3 2 32 43 81 63