Altos Market Data for Realtors

Austin, TX

Single-Family Homes

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Austin, TX

Sun May 26 2024
This week the median list price for Austin, TX is $799,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 2,914. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Austin, TX

Sun May 26 2024
This week the median list price for Austin, TX is $799,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 2,914. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Austin market.
Median List Price $799,000
Median Price of New Listings $709,000
Per Square Foot $383
Average Days on Market 79
Median Days on Market 42
Price Decreased 51%
Price Increased 2%
Relisted 4%
Inventory 2,914
Median Rent
Market Action 37
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
$2,349,500 3,655 0.25 - 0.5 acre 4 4 17 59 46 49
$997,250 2,574 8,000 - 10,000 sqft 4 3 21 89 85 42
$650,000 2,036 6,500 - 8,000 sqft 3 2.5 28 104 81 35
$450,000 1,551 6,500 - 8,000 sqft 3 2 25 98 92 35