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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Austin is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

North Austin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in North Austin, TX

How much do homes in North Austin, TX cost?

Median Sold Price

$451,145

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,854(-2.3%)

Key Takeaway

Homes in North Austin have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in North Austin was $451,145 in November 2024, down 2.3% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $206.7K$198.5K
-4.0%
2 $318.7K$299.9K
-5.9%
3 $450K$439.5K
-2.3%
4 $530K$515K
-2.8%
5+ $595K$569.5K
-4.3%

Summary: North Austin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 4.3%.

Housing Supply in North Austin, TX

How many homes are available in North Austin, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
397414+4.3%

Summary: The North Austin real estate market had 414 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1518
+20.0%
2 4349
+14.0%
3 212220
+3.8%
4 108105
-2.8%
5+ 1922
+15.8%

Summary: The North Austin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7067-4.3%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Austin, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in North Austin in November 2024, down by 4.3% month-over-month. Of the 66 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.

Days on Market for North Austin, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days60 Days+12.4%

Summary: Homes in North Austin had an average of 60 days on market in Nov 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 67 homes were sold in North Austin; 43% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 28% 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 17 Days Ago

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