Austin Real Estate Weekly Market Update - February 27, 2025

by: Team Price Real Estate, Austin's leading data analysis brokerage, where data drives exceptional service
Published on: Thursday, February 27, 2025 at 7:17 am

Austin’s Real Estate Market: As a local Austin real estate brokerage, Team Price Real Estate is dedicated to meeting your real estate needs with expertise and precision. We publish the most accurate and timely real estate data on a daily basis, ensuring you have the latest insights. Whether you’re buying, selling, or investing in Austin’s market, we are ready to assist you with unparalleled local knowledge and up-to-the-minute information.

Updated Market Overview

The Austin-area MLS currently has 12,316 active properties, reflecting a 10.35% increase from last year’s 11,161. Months of Inventory has risen to 4.26 months, up 11.56% from 3.82 months in 2024. In the City of Austin, inventory has increased by 7.84% to 3,329 listings, while Months of Inventory has climbed by 6.05% to 3.91 months.

Pricing Dynamics in Austin Real Estate

The average list price for homes in the Austin-area MLS is $563,450, reflecting a 1.45% increase year over year. The median active listing price has declined by 5.16% to $421,215. On the sales side, the average sold price is $543,752, up 1.42%, while the median sold price has decreased by 4.58% to $412,208. In the City of Austin, the average active listing price has jumped by 12.67% to $804,923, with the median active price rising by 3.55% to $569,500. The average sold price in the city has grown by 12.20% to $773,290, while the median sold price has increased by 1.92% to $560,000.

City and Regional Dynamics

Among the 30 tracked cities, 15 have recorded a month-over-month price increase, representing 50%, while the remaining 15 cities (50%) have seen a decrease. Year-over-year, 10 cities (33%) have experienced price gains, while 20 cities (67%) have seen declines. Over the past 12 months, none of the tracked cities have surpassed their previous peak values, with all 30 cities remaining below their prior highs. Analyzing the 75 zip codes, 45% have shown month-over-month price increases, while 53% have recorded declines. Year-over-year, 35% of zip codes have appreciated in price, while 65% have experienced declines. Three zip codes have exceeded their previous peak values, while 72 remain below their highs.

Central Texas Cities and Zip Code Analysis

Of the 30 tracked cities, 10 have recorded year-over-year price increases, while 20 have declined. On a monthly basis, 15 cities have shown price gains, while 15 have fallen. Over the past 12 months, no cities have exceeded their prior peak values. Among the 75 zip codes analyzed, 26 have posted year-over-year price gains, while 49 have declined. Month-over-month, 34 zip codes have seen price increases, while 40 have recorded decreases. Only three zip codes have surpassed their previous 12-month peak values, while 72 remain below their prior highs.

Sales vs. List Price Analysis

This month, 66.21% of properties sold below the list price, slightly lower than last month’s 67.53%. Properties selling at list price decreased to 21.21% from 21.59%, while 12.58% of properties sold above list price, compared to 10.88% last month. In February 2024, 12.39% of properties sold above list price. The average sold price to list price ratio stands at 97.19%, indicating continued negotiation by buyers.

Peak Value Analysis: Austin-Area MLS

The median list price has fallen by 11.47% from its May 2022 peak of $539,900, now standing at $478,000. The average sold price has declined by 15.44% from its May 2022 peak of $664,515, now at $561,883. Similarly, the median sold price has dropped by 21.93% from its peak of $538,000, now at $420,000. In terms of price per square foot, the average has declined by 20.68% from its April 2022 peak of $324, now at $257, while the median has fallen by 23.21% from $280 to $215.

Peak Value Analysis: City of Austin

The median list price in the City of Austin has decreased by 3.58% from its May 2022 peak of $658,589, now at $635,000. The average sold price has declined by 9.09% from its May 2022 peak of $847,583, now at $770,551. The median sold price has dropped by 16.99% from its peak of $680,000, now at $564,500. The average price per square foot has decreased by 19.68% from its May 2022 peak of $442, now at $355, while the median has declined by 23.92% from its April 2022 peak of $393, now at $215.

The Austin real estate market continues to evolve, presenting both challenges and opportunities. Navigating these shifts requires a clear understanding of the data and trends that shape the market. At Team Price Real Estate, we combine data-driven insights with deep market expertise to help our clients make confident, informed decisions. Here, "Experience Meets Insight" isn’t just a tagline—it’s our commitment to delivering real value in every transaction.