Market Overview
The Austin-area MLS currently lists 14,884 active properties as of April 10, 2025, up 6.7% from 13,951 in 2024. Months of Inventory has increased to 5.35 months, a 26.7% rise from 4.22 months last year, indicating a slower sales pace in the Austin real estate market. In the City of Austin, active listings grew 7.4% to 4,559 from 4,244, with Months of Inventory climbing 11.4% to 5.64 months from 5.06 months. These figures highlight the evolving inventory trends across the Austin market in 2025.
Pricing Dynamics in Austin Real Estate
Pricing in the Austin-area MLS shows varied shifts. The average active list price reached $589,559, a 4.0% increase from $566,876 in 2024. The average sold price rose 3.7% to $571,294 from $550,816. Median active list prices dropped 0.7% to $439,990 from $443,000, while median sold prices decreased 0.5% to $427,953 from $430,000. In the City of Austin, the average active list price jumped 9.0% to $823,730 from $755,981, and the median active list price rose 6.9% to $609,000 from $569,900. The average sold price increased 8.3% to $795,584 from $734,753, with the median sold price up 6.6% to $600,000 from $562,850. These metrics reflect diverse pricing shifts in the 2025 Austin real estate market.
City and Regional Dynamics
Central Texas reveals mixed trends across 30 cities. Month-over-month, 13 cities (43%) recorded price increases, while 15 (50%) saw declines. Year-over-year, 16 cities (53%) gained value, and 13 (43%) lost ground. Across 75 zip codes, 32 (43%) posted month-over-month price gains, and 37 (49%) decreased. Year-over-year, 36 zip codes (48%) are up, and 39 (52%) are down. No cities exceeded their 12-month peaks, with 26 cities and 68 of 75 zip codes below their highs, while 7 zip codes have increased from their 12-month peaks. These patterns provide a broader view of the Austin-area real estate landscape.
Central Texas Cities and Zip Code Analysis
In the 30 Central Texas cities tracked, 16 show year-over-year price increases, while 13 are down. Month-over-month, 13 cities rose, and 15 fell. No city hit a new 12-month peak, with 26 below their highs. Among the 75 zip codes, 36 recorded year-over-year gains, and 39 declined. Month-over-month, 32 zip codes increased, and 37 decreased. Seven zip codes surpassed their 12-month highs, with 68 remaining below peak values. This data sharpens the focus on performance trends in the Austin real estate market for 2025.
Sales vs. List Price Analysis
In the Austin real estate market this month, 64.54% of homes sold below list price, down from 66.36% last month. Approximately 22.39% sold at list price, up from 21.38%, and 13.07% sold above list price, rising from 12.26%. In March 2024, 15.29% sold above list price. The average sold-to-list price ratio is 97.75%, indicating a market where buyers retain slight negotiating power as of April 2025.
Peak Value Analysis: Austin-Area MLS
The Austin-area MLS remains below its 2022 peaks. The median list price dropped 7.4% from $539,900 in May 2022 to $499,990, a $39,910 decline. The average sold price fell 3.3% from $664,515 in May 2022 to $642,393, down $22,122. The median sold price decreased 8.9% from $538,000 to $490,000, a $48,000 drop. Price per square foot also declined, with the average down 12.9% from $324 in April 2022 to $282, and the median down 16.4% from $280 to $234. These reductions underscore a market adjusting from its earlier highs.
Peak Value Analysis: City of Austin
In the City of Austin, prices have shifted from 2022 levels. The median list price peaked at $700,000 in April 2025, matching its current value. The average sold price remains at its peak of $851,672 in April 2025. The median sold price fell 11.8% from $680,000 in May 2022 to $599,999, down $80,001. Price per square foot declined, with the average down 14.7% from $442 in May 2022 to $377, and the median down 18.6% from $393 in April 2022 to $234. These figures show the City of Austin market stabilizing into 2025.
