Austin Real Estate

In June 2025, Austin’s housing market showed modest growth, with home prices rising 0.6% year-over-year to a median of $558K. Homes are taking longer to sell, averaging 60 days on the market compared to 50 days last year, suggesting buyers are approaching purchases more cautiously. However, sales activity increased slightly, with 839 homes sold versus 800 last year, indicating steady demand despite the slower pace. Overall, the market reflects a balanced environment with stable pricing and consistent buyer interest.

Austin is somewhat competitive, with homes typically selling in about 50 days and some attracting multiple offers. On average, properties sell for around 3% below the list price, giving buyers some negotiating room. However, well-priced and desirable homes can still generate strong interest, often selling near the asking price and going under contract much faster, in as little as 29 days. This reflects a market where buyers generally have leverage, but standout homes move quickly when priced competitively.

Austin, TX is a buyer’s market in June 2025, meaning there are more homes for sale than there are active buyers, creating favorable conditions for purchasers. With increased inventory and reduced competition, buyers have greater negotiating power on price, contingencies, and closing terms. Sellers may need to adjust by lowering prices, offering concessions, or enhancing property appeal to attract offers. This market environment allows buyers to take more time comparing options and potentially secure homes at more favorable prices.