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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Austin is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Central Austin was a Neutral Market.

Key Takeaway

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

Housing Prices in Central Austin, TX

How much do homes in Central Austin, TX cost?

Median Sold Price

$722,805

$505/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$71,555(+11.0%)

Key Takeaway

Homes in Central Austin have sold for 11% more than they did a year ago.

Summary: The median home sold price in Central Austin was $722,805 in November 2024, up 11% from last year, and the median price per square foot was $505.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $250K$245K
-2.0%
2 $410K$423.5K
+3.3%
3 $980K$860K
-12.2%
4 $1.7M$1.6M
-5.4%
5+ $2.4M$2.4M
0.3%

Summary: Central Austin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Neighborhoods

Central Austin
+11.0%
Bryker Woods
-29.6%

Housing Supply in Central Austin, TX

How many homes are available in Central Austin, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
327314-4.0%

Summary: The Central Austin real estate market had 314 homes for sale in November 2024, a 4.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3538
+8.6%
2 8990
+1.1%
3 8792
+5.7%
4 7157
-19.7%
5+ 4537
-17.8%

Summary: The Central Austin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes decreased by 17.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4422-50.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Austin, you may be able to get a good deal. 86.4% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Central Austin in November 2024, down by 50.0% month-over-month. Of the 22 sold homes, 86% were sold under asking, 5% were sold at asking, and 9% were sold over asking.

Days on Market for Central Austin, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days87 Days+63.1%

Summary: Homes in Central Austin had an average of 87 days on market in Nov 2024, up by 63.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Central Austin has remained consistent over time.

Summary: During November 2024, 22 homes were sold in Central Austin; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 36% 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 21 Days Ago

Newest Listings in Central Austin, TX

Nearby Markets to Central Austin, TX