How much is my Austin home worth?

Your Austin home is likely worth around the current median listing price of $450,000. This is a general idea for the area, and individual home values can vary. This median price reflects the middle value of all homes currently for sale. It means half the homes are listed for more, and half for less. The median listing price in Austin right now is $450,000. This is a bit lower than recent months, down 2.6% from the month before. It's also significantly less than last year, showing a decrease of 9.8% year-over-year. Homes are taking a little longer to sell in Austin. The median time a home stays on the market is 73 days, which is slightly more than last year. This indicates that buyers have more time to look around before making an offer. About 27.6% of homes on the market have had a price reduction. This means many sellers are adjusting their prices to attract buyers. This number is slightly lower than last year, by 1.1%. Overall, many homes are still selling, with 3,477 pending listings. The average price per square foot is $231, which is 8.1% lower than it was last year. For sellers, pricing your home competitively from the start is important in this market. For buyers, there may be more opportunities to find homes listed below previous prices.