What is the median home price in Austin?

The median home price in Austin right now is $473,500. This price is a little lower than last month and notably lower than it was a year ago. Looking at how many homes are for sale, there are 12,456 active listings. This is a 5% decrease from a year ago. It seems fewer homes are on the market compared to this time last year. Homes are staying on the market longer, with a median of 63 days, which is almost 9% longer than last year. Also, about 27.6% of homes have had their prices cut. This is a 5% drop from last year, meaning fewer sellers are lowering their prices now compared to then. For every 10 homes available in Austin, about 3 to 4 are currently pending sale. This ratio of pending sales to active listings has gone up by 3.7% over the past year. This means that a slightly larger share of available homes are finding buyers compared to last year. If you are looking to buy, the latest data shows prices have come down, and you might have a bit more time to make a decision since homes are on the market longer.

The typical home in the Austin area is listed for $473,500. This price has dropped slightly in the most recent month and is noticeably lower than it was a year ago. Prices have dipped by 0.3% from month to month, and are down by 9.8% over the past year. This means homes are, on average, less expensive than they were recently. There are currently 12,456 homes for sale in the area. This number is 5.0% lower than it was compared to last year. Even with fewer homes on the market, almost 28% of homes have a reduced price. These price reductions are happening a little less often than last year, down by 5.0%. Homes are spending a bit more time on the market, sitting for 63 days before going under contract. This is 8.7% longer than they did a year ago. For those looking to buy, this could indicate a good opportunity to find a home at a better price. Many sellers are eager to make a deal, as seen by the price reductions.