Austin Real Estate Weekly Market Update - January 16, 2025

by: Team Price Real Estate, Austin's leading data analysis brokerage, where data drives exceptional service
Published on: Thursday, January 16, 2025 at 4:49 am

Austin's real estate market is entering 2025 with notable shifts in inventory, pricing, and buyer behavior. Rising active listings and evolving price dynamics highlight a market that continues to adjust from past peaks. Both the Austin-area MLS and the City of Austin show a mix of growth and moderation, signaling opportunities and challenges for buyers and sellers alike. This comprehensive update provides a detailed look at current market conditions, helping industry professionals and clients navigate the latest trends with clarity and confidence.

Updated Market Overview

The Austin-area real estate market continues to evolve as we progress through 2025. The total number of active listings across the Austin-area MLS has risen to 11,435, reflecting an 8.59% increase from 10,530 active listings this time last year. Months of Inventory has expanded to 3.97 months, up 9.27% from 3.64 months in 2024. In the City of Austin, active listings have increased by 6.91%, moving from 2,808 to 3,002. The Months of Inventory in the city has also risen from 3.39 months to 3.55 months, marking a 4.59% increase.

Pricing Dynamics in Austin Real Estate

Home prices across the Austin-area MLS have seen mixed movements year-over-year. The average list price for active homes stands at $559,094, representing a 2.85% increase from $543,604 in 2024. The average sold price has climbed to $538,102, up 3.19% from last year’s $521,477. However, the median list price has declined by 2.26%, decreasing from $439,900 to $429,945. Similarly, the median sold price dropped 2.60%, moving from $426,087 to $415,000.

Within the City of Austin, price increases have been more significant. The average list price for active homes is now $787,519, up 14.33% from $688,817 last year. The median list price has risen by 4.69%, reaching $574,990 from $549,250. The average sold price has grown by 14.21% to $751,673 from $658,125, while the median sold price increased by 5.09%, rising from $530,000 to $557,000.

City and Regional Dynamics

Market trends across the Austin-area MLS reveal a diverse performance among cities. Of the 30 cities analyzed, 30% experienced month-over-month price increases, while 63% saw declines. Year-over-year, 37% of cities recorded price growth, with 63% reporting decreases. Over the past 12 months, none of the cities analyzed have seen price growth from their peak values, while 28 cities have experienced price declines.

Central Texas Cities and Zip Code Analysis

The Central Texas real estate market continues to reflect varied trends across different zip codes. Among the 75 zip codes studied, 39% reported month-over-month price increases, while 55% saw decreases. On a year-over-year basis, 47% of zip codes showed price growth, while 53% experienced declines. From their peak values over the past 12 months, only seven zip codes have recorded price increases, whereas 68 have declined.

Sales vs. List Price Analysis

Buyer activity in the Austin-area MLS reflects evolving pricing dynamics. Currently, 71.00% of sold properties closed below their list price, a slight decrease from 71.40% last month. Properties that sold at their list price accounted for 20.21% of transactions, up from 18.19% the previous month. Meanwhile, 8.79% of sold properties closed above their list price, down from 10.41% last month. The current average sold price to list price ratio stands at 96.74%.

Peak Value Analysis: Austin-Area MLS

Property values across the Austin-area MLS remain below their peak levels. The average list price peaked at $708,929 in March 2023 and has since fallen by 8.22% to $650,643. The median list price reached a high of $539,900 in May 2022 and has dropped by 13.17% to $468,795. The average sold price peaked at $664,515 in May 2022 and has decreased by 23.46% to $508,597. The median sold price has declined by 26.68%, moving from $538,000 to $394,445. Additionally, the average sold price per square foot has dropped from $324 to $243, and the median sold price per square foot has decreased from $280 to $207.

Peak Value Analysis: City of Austin

Within the City of Austin, property prices have also declined from their peaks but at a more moderate pace. The average list price peaked at $945,418 in April 2024 and has since decreased by 5.00% to $898,176. The median list price reached its highest point at $658,589 in May 2022 and has dropped by 10.57% to $589,000. The average sold price has fallen by 17.17% from its peak of $847,583 in May 2022 to $702,048. Similarly, the median sold price has decreased by 19.12%, moving from $680,000 to $550,000. The average sold price per square foot has declined by 23.53% from $442 to $338, while the median price per square foot has dropped by 25.95%, moving from $393 to $291.

The current market data highlights the ongoing shifts in pricing and inventory within the Austin-area real estate market. These trends underscore the importance of staying informed with accurate and up-to-date market insights. Whether you’re buying, selling, or advising clients, staying informed is key to success in 2025’s real estate market. Our data-driven approach ensures you have the tools to make confident and strategic decisions.