Find luxury property, condos, townhomes, houses & homes for sale in Austin with the real estate agent & realtor Kathryn Scarborough.
Austin, TX Housing Market Trends
In September 2024, Austin home prices saw a 2.0% increase from the previous year, with a median sale price of $553,000. However, homes are taking longer to sell, staying on the market for an average of 78 days compared to 60 days last year. The number of homes sold has also decreased, with 650 sales in September, down from 738 in the same period last year. Meanwhile, the median price per square foot in Austin dropped by 1.3%, now standing at $310. This data reflects a market where prices are rising, but buyer activity is slowing.
Austin’s real estate market is moderately competitive, with homes typically selling in about 69 days. While some properties receive multiple offers, the average home sells for around 3% below the list price and goes under contract within 69 days. However, "hot" homes tend to perform better, often selling at or near the list price and going pending in as little as 35 days, reflecting higher demand for certain desirable properties.
Nationwide, 1% of homebuyers are looking to relocate to Austin from other metropolitan areas. Among these potential buyers, those from Dallas show the most interest in moving to Austin, followed closely by homebuyers from San Francisco and Los Angeles. This trend highlights Austin's continued appeal, attracting people from major cities with its booming tech scene, vibrant culture, and growing job opportunities.
Whether you have questions about the Austin real estate market or are eager to explore available properties, our experienced team is here to help. From understanding the latest market trends to finding your dream home, we provide personalized support every step of the way. Don’t miss out on the opportunity to own a home in one of the fastest-growing cities in the country. Reach out to us now for expert guidance and to start your home search in Austin!
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Kathryn knows Austin and specializes in sales and marketing of the finest waterfront and luxury estate homes, premiere golf course communities, central Austin, and downtown high-rise living. No job is too small and no task is unattainable. Contact us to achieve the impossible!
