Austin Real Estate Weekly Market Update - January 23, 2025

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

Welcome to 2025 - Your Guide to the Austin Real Estate Market: Team Price Real Estate is here to deliver the most up-to-date and comprehensive insights on the Austin housing scene. With our weekly updates and daily data refreshes, we're your go-to source for actionable real estate intelligence. Whether you're buying, selling, or investing, our commitment to real-time market analysis positions you for success in Austin's ever-evolving real estate landscape.


Updated Market Overview

As we step into 2025, the Austin-area real estate landscape is witnessing a noticeable uptick in activity. The Austin-area MLS now boasts 11,675 active listings, marking a 10.82% increase from last year's 10,535. The Months of Inventory has climbed to 4.05 months, a 11.60% increase from 3.63 months in 2024, hinting at a market adjusting to balance supply and demand. In the City of Austin, active listings have risen by 8.65%, from 2,808 to 3,051, with Months of Inventory slightly up at 3.60 months from 3.38 months.

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Pricing Dynamics in Austin Real Estate

Price trends in the Austin-area MLS show a slight adjustment. The average list price for active homes has decreased by 0.75% to $545,304 from $549,401 last year, while the median list price has seen a more significant drop of 2.76% to $419,560. The average sold price is now $524,861, a minor decrease of 0.32% from $526,549, and the median sold price has fallen by 3.97% to $405,000. In the City of Austin, however, prices have bucked the trend with the average list price up by 5.37% to $772,692, the median list price up by 2.91% to $565,000, the average sold price up by 5.65% to $736,892, and the median sold price increasing by 5.01% to $554,455.

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City and Regional Dynamics

The diversity in market performance across the 30 cities in the Austin-area MLS is evident. Month-over-month, 33% of cities (10 out of 30) saw price increases, while 67% (20 out of 30) experienced declines. Year-over-year, 40% of cities showed price increases, and 60% saw decreases. Over the past year, all but one city have seen their prices decline from peak values. Across the 75 zip codes, 43% (32 out of 75) had month-over-month price increases, with 56% (42 out of 75) seeing declines. Year-over-year, 45% of zip codes reported increases, while 55% saw decreases, with only 4 zip codes increasing from their peak values.

Sales vs. List Price Analysis

Negotiation seems to be key in the current market climate. This month, 69.62% of properties sold below their list price, slightly down from 71.32% last month. Properties selling at list price have increased to 20.79% from 18.29%, and those selling above list price have decreased to 9.59% from 10.39%. The average sold price to list price ratio stands at 96.73%.

Peak Value Analysis: Austin-Area MLS

From peak values, the Austin-area MLS has seen notable adjustments. The average list price has decreased by 5.33% from its March 2023 peak, the median list price by 14.42% from May 2022, the average sold price by 20.35% from May 2022, and the median sold price by 25.65% from the same period. Prices per square foot have also dropped significantly.

Peak Value Analysis: City of Austin

In Austin, price adjustments are less severe but still noticeable. The average list price has decreased by 2.99% from its April 2024 peak, the median list price by 9.05% from May 2022, the average sold price by 13.11%, and the median sold price by 17.72% from May 2022. Prices per square foot reflect a similar downward trend.

Closing Thoughts

As we progress through 2025, the Austin real estate market is showing signs of a mature stabilization, balancing between supply and demand, with strategic pricing adjustments. This nuanced market environment offers both challenges and opportunities for buyers, sellers, and investors alike. Keeping your finger on the pulse with our in-depth, 800-page market analysis is crucial for making informed decisions. At Team Price Real Estate, we leverage our deep market knowledge and data-driven insights to help you navigate this dynamic market. Here's to making informed decisions and achieving your real estate goals in Austin, where "Experience Meets Insight" every day.