Is Austin County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austin County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Austin County was a Seller's Market.

Key Takeaway

Austin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Austin County, TX

How much do homes in Austin County, TX cost?

Median Sold Price

$356,750

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$3,166(-0.9%)

Key Takeaway

Homes in Austin County have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Austin County was $356,750 in May 2024, down 0.9% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $230K$512.5K
+122.8%
2 $230K$281K
+22.2%
3 $335K$333.5K
-0.4%
4 $450K$436.4K
-3.0%
5+ $712K$582.5K
-18.2%

Summary: Austin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.8%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 18.2%.

Median Sold Price Compared To Nearby Counties

Wharton County
+6.9%
Washington County
+5.3%
Colorado County
+1.7%
Waller County
+0.7%
Austin County
-0.9%

Housing Supply in Austin County, TX

How many homes are available in Austin County, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
179199+11.2%

Summary: The Austin County real estate market had 199 homes for sale in May 2024, a 11.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 2229
+31.8%
3 7888
+12.8%
4 6267
+8.1%
5+ 1413
-7.1%

Summary: The Austin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1923+21.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Austin County, you may be able to get a good deal. 78.3% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Austin County in May 2024, up by 21.1% month-over-month. Of the 23 sold homes, 78% were sold under asking, 17% were sold at asking, and 4% were sold over asking.

Days on Market for Austin County, TX

How long does it take to sell a home in Austin County, TX?

Average Sale Time

May 2023May 2024CHANGE
66 Days59 Days-11.5%

Summary: Homes in Austin County had an average of 59 days on market in May 2024, down by 11.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Austin County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in Austin County; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Austin County, TX

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