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 October 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

$454,169

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,958(-1.7%)

Key Takeaway

Homes in North Austin have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in North Austin was $454,169 in October 2024, down 1.7% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $206.7K$199K
-3.7%
2 $320K$300K
-6.3%
3 $450K$443.8K
-1.4%
4 $534K$515K
-3.6%
5+ $595K$571K
-4.0%

Summary: North Austin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 4%.

Housing Supply in North Austin, TX

How many homes are available in North Austin, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
382419+9.7%

Summary: The North Austin real estate market had 419 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1518
+20.0%
2 3945
+15.4%
3 213222
+4.2%
4 100115
+15.0%
5+ 1519
+26.7%

Summary: The North Austin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6163+3.3%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 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. 69.8% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in North Austin in October 2024, up by 3.3% month-over-month. Of the 63 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
40 Days53 Days+30.9%

Summary: Homes in North Austin had an average of 53 days on market in Oct 2024, up by 30.9% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

14 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 October 2024, 63 homes were sold in North Austin; 49% of homes were sold within 30 days, 29% 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 16 Days Ago

Newest Listings in North Austin, TX

Nearby Markets to North Austin, TX