Austin Real Estate Weekly Market Update - February 06, 2025

by: Team Price Real Estate, Austin's leading data analysis brokerage, where data drives exceptional service
Published on: Thursday, February 06, 2025 at 6:23 am

Your Guide to the Austin Real Estate Market: Team Price Real Estate is committed to providing you with the most current and comprehensive insights into the Austin housing market. We offer weekly updates and daily data, ensuring that you have access to the best real estate intelligence available. Whether you're in the market to buy, sell, or invest, our dedication to real-time market analysis equips you with the necessary tools to navigate Austin's real estate environment effectively.

Updated Market Overview

The Austin-area MLS currently has 11,796 active properties on the market, which is a 5.68% jump from last year's 11,162. The inventory has increased to 4.09 months, up by 6.58% from 3.84 months back in 2024. In the City of Austin, the numbers tell a similar story with inventory ticking up by 1.39% to 3,131 listings, though the Months of Inventory have slightly dipped by 0.45% to 3.69 months.

Pricing Dynamics in Austin Real Estate

The average list price for homes in the Austin-area MLS has seen a 2.91% dip to $540,103, while the median active listing price has dropped 6.13% to $409,990. On the sales side, the average price went down by 2.20% to $521,412, and the median sold price has decreased by 5.88% to $400,000. However, in the City of Austin, things look a bit brighter with average active listings up by 4.53% to $759,544 and median listings up 4.58% to $569,950. The average sold price in the city has climbed by 5.82% to $730,012, with the median sold price up by 7.39% to $560,000.

City and Regional Dynamics

Among the 30 cities, only 7 have seen a month-over-month price increase, which is 23%, while a significant 77% or 23 cities have experienced a decrease. Over the year, 11 cities, or 37%, have seen price gains, but 63% or 19 cities have not been as fortunate. In the last 12 months, no cities have hit new price peaks, with 29 slipping from their highs. Looking at the 75 zip codes, 40% have seen price hikes month over month, but 60% have not. Year over year, 43% of zip codes have increased in price, with 56% experiencing a drop. Only 3 zip codes have exceeded their previous peak values, while 72 are still below their highs.

Central Texas Cities and Zip Code Analysis

Out of the tracked cities, 11 have seen year-over-year price increases, while 19 have declined. Monthly, only 7 cities are up in price, with 23 down. No cities have surpassed their price peak from the last year, with 29 cities lower than their previous highs. Among the zip codes, 32 have gained in price year over year, but 42 have not. Month to month, 30 zip codes have seen increases, while 45 have seen decreases. Only 3 zip codes have beaten their 12-month peak, with 72 still in recovery mode.

Sales vs. List Price Analysis

This month, 67.59% of properties sold under the list price, down from 71.42% last month. Properties selling at list price rose to 21.51% from 18.22%, and 10.90% sold above list price, up from last month's 10.36%. Back in January 2024, only 9.22% of properties sold above list. The average sold price to list price ratio stands at 96.99%, indicating a market where buyers often secure deals below asking.

Peak Value Analysis: Austin-Area MLS

The median list price has fallen by 7.52% from May 2022, while the average sold price has dropped by nearly 23% from the same period. The median sold price has decreased by about 22%, reflecting a cooling market.

Peak Value Analysis: City of Austin

The median list price is down by 4.80% from May 2022, and the average sold price has seen a 25% drop from its peak. The median sold price has decreased by 17.06%.

The Austin real estate landscape is dynamic, offering both challenges and opportunities. Keeping a pulse on these shifts is key for anyone looking to make savvy moves in this market. At Team Price Real Estate, we use our deep market knowledge to help navigate these waters, ensuring our clients make informed decisions in a city where "Experience Meets Insight" is not just a slogan, but our commitment.