Kevin McCarthy

Austin, TX

Single-Family Homes

Work like a Captain, Play like a Pirate



Austin, TX

Tue Oct 15 2024
This week the median list price for Austin, TX is $700,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 3,044. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

Tue Oct 15 2024
This week the median list price for Austin, TX is $700,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 3,044. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $700,000
Median Price of New Listings $629,000
Per Square Foot $353
Average Days on Market 106
Median Days on Market 84
Price Decreased 57%
Price Increased 2%
Relisted 8%
Inventory 3,044
Median Rent
Market Action 33
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
$2,000,000 3,660 0.25 - 0.5 acre 4 4 17 37 44 112
$888,000 2,411 8,000 - 10,000 sqft 4 3 23 66 77 77
$589,900 1,954 6,500 - 8,000 sqft 3 2.5 28 64 94 70
$419,900 1,532 4,500 - 6,500 sqft 3 2 28 66 82 70