AUSTIN, Texas — Now might be the perfect time for anyone looking to buy a home in Austin to go for it.
New data from the Austin Board of Realtors (ABoR) and Unlock MLS shows home prices in Austin are at their lowest rate in almost three years, while housing inventory is at its highest rate in 13 years.
The median sale price for a home in Travis County currently sits around $450,000, according to the report. The last time the median home price hovered at that rate was September 2021, about eight months prior to home prices hitting their peak median price average of $550,000 in April 2022.
The reason for the favorable numbers is homebuyers looking outside of Travis County for more affordable housing options in the Austin-Round Rock-San Marcos metro area. According to the report, July home sales increased in Williamson, Hays, Bastrop and Caldwell counties.
Here is the full data from the report:
Austin-Round Rock-San Marcos MSA
- 2,652 – Residential homes sold, 3.5% less than July 2023.
- $450,000 – Median price for residential homes, 2.8% less than July 2023.
- 3,812 – New home listings on the market, 0.3% less than July 2023.
- 12,661 – Active home listings on the market, 20.3% more than July 2023.
- 2,567 – Pending sales, 5.1% less than July 2023.
- 5.1 – Months of inventory, 1.0 months more than July 2023.
- $1,530,599,967 – Total dollar volume of homes sold, 6.6% less than July 2023.
- 94.2% – Average close to list price, compared to 94.6% in July 2023.
City of Austin
- 880 – Residential homes sold, 10.3% less than July 2023.
- $585,000 – Median price for residential homes, 1.7% more than July 2023.
- 1,359 – New home listings on the market, 7.6% less than July 2023.
- 4,862 – Active home listings on the market, 23.8% more than July 2023.
- 834 – Pending sales, 14.4% less than July 2023.
- 5.8 – Months of inventory, 1.3 months more than July 2023.
- $662,787,575 – Total dollar volume of homes sold, 10.3% less than July 2023.
- 93.7% – Average close to list price, compared to 94.5% in July 2023.
Travis County
- 1,155 – Residential homes sold, 11.9% less than July 2023.
- $525,000 – Median price for residential homes, 1.9% less than July 2023.
- 1,771 – New home listings on the market, 4.8% less than July 2023.
- 6,364 – Active home listings on the market, 22.1% more than July 2023.
- 1,140 – Pending sales, 9.2% less than July 2023.
- 5.8 – Months of inventory, 1.3 months more than July 2023.
- $808,167,486 – Total dollar volume of homes sold, 13.4% less than July 2023.
- 93.8% – Average close to list price, compared to 94.2% in July 2023.
Williamson County
- 943 – Residential homes sold, 3.8% more than July 2023.
- $428,500 – Median price for residential homes, 0.3% less than July 2023.
- 1,263 – New home listings on the market, 2.4% more than July 2023.
- 3,607 – Active home listings on the market, 16.5% more than July 2023.
- 885 – Pending sales, 1.3% less than July 2023.
- 4.1 – Months of inventory, 0.7 months more than July 2023.
- $460,424,579 – Total dollar volume of homes sold, 1.5% more than July 2023.
- 94.6% – Average close to list price, compared to 95.9% in July 2023.
Hays County
- 401 – Residential homes sold, 4.5% more than July 2023.
- $385,500 – Median price for residential homes, 3.6% less than July 2023.
- 549 – New home listings on the market, 7.4% more than July 2023.
- 1,889 – Active home listings on the market, 20.7% more than July 2023.
- 375 – Pending sales, 5.8% less than July 2023.
- 5.2 – Months of inventory, 0.8 months more than July 2023.
- $202,145,525 – Total dollar volume of homes sold, 2.9% more than July 2023.
- 94.2% – Average close to list price, compared to 93.6% in July 2023.
Bastrop County
- 116 – Residential homes sold, 4.8% more than July 2023.
- $343,745 – Median price for residential homes, 6.5% less than July 2023.
- 173 – New home listings on the market, 2.4% more than July 2023.
- 652 – Active home listings on the market, 26.1% more than July 2023.
- 120 – Pending sales, 3.4% more than July 2023.
- 6.0 – Months of inventory, 0.8 more than July 2023.
- $47,511,644 – Total dollar volume of homes sold, 1.3% more than July 2023.
- 94.1% – Average close to list price, compared to 92.8% in July 2023.
Caldwell County
- 36 – Residential homes sold, 12.5% more than July 2023.
- $291,000 – Median price for residential homes, 2.4% less than July 2023.
- 56 – New home listings on the market, 14.3% more than July 2023.
- 149 – Active home listings on the market, 12.0% more than July 2023.
- 47 – Pending sales, 20.5% more than July 2023.
- 3.8 – Months of inventory, 1.6 months less than July 2023.
- $12,350,734 – Total dollar volume of homes sold, 22.5% more than July 2023.
- 95.1% – Average close to list price, compared to 95.5% in July 2023.
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