The Austin housing market is somewhat competitive. Homes in Austin receive 2 offers on average and sell in around 42 days. The median sale price of a home in Austin was $587K last month, up 3.9% since last year. The median sale price per square foot in Austin is $330, up 1.9% since last year.
In May 2024, Austin home prices were up 3.9% compared to last year, selling for a median price of $587K. On average, homes in Austin sell after 42 days on the market compared to 42 days last year. There were 934 homes sold in May this year, down from 1,081 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$587,250
+3.9% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Austin, TX
$587,250
+3.9%
United States
To compare other locations to the Austin and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Austin's median sale price is 33% higher than the national average. Overall cost of living in Austin is 1% lower than the national average. Learn which home features in Austin add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Austin housing market?
Austin is somewhat competitive. Homes sell in 44 days.
0
100
48
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 44 days.
Hot homes
can sell for around list price and go pending in around 25 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Austin
Explore recent offers and recently sold homes in Austin
Recent offers
Offer Not Accepted|
4 Weeks Ago
~$1M Offer
Sold for $1M
4bd | 3.5ba | ~3,000sqft
Over List Price
0%
Days on Market
21
Competing Offers
4
Down Payment
~20%
Gabriel Recio
Austin Redfin Agent
4 total offers, went about 5% over asking price and still wasn't high enough. Should have increased option deposit to $1000 and waived appraisal contingency but buyer wasn't in a position to.…
More
Offer Not Accepted|
8 Weeks Ago
~$550K Offer
Sold for $550K
4bd | 2.5ba | ~2,250sqft
Over List Price
0%
Days on Market
16
Competing Offers
2
Down Payment
~30%
Kaye Rich
Austin Redfin Agent
The sellers accepted an all cash offer that was lower than ours, but did not ask for any closing costs.
Offer Not Accepted|
8 Weeks Ago
~$550K Offer
Sold for $550K
3bd | 2ba | ~2,250sqft
Under List Price
2%
Days on Market
68
Competing Offers
0
Down Payment
~30%
Kaye Rich
Austin Redfin Agent
While negotiating with sellers, buyer decided to concentrate on a different area and withdrew the offer.
Offer Not Accepted|
6 Weeks Ago
~$1M Offer
Sold for $1.25M
4bd | 4.5ba | ~2,500sqft
Under List Price
11%
Days on Market
41
Competing Offers
1
Down Payment
~20%
Rebecca Pletz
Austin Redfin Agent
Offer Not Accepted|
9 Weeks Ago
~$650K Offer
Sold for $700K
4bd | 2ba | ~2,750sqft
Under List Price
7%
Days on Market
19
Competing Offers
1
Down Payment
<10%
Robert Evans
Austin Redfin Agent
Austin top 10 neighborhood and home rankings
See the top-ranked neighborhoods and homes in Austin
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Austin housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Austin.
Risk Factor
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Austin has a moderate risk of flooding. 15,542 properties in Austin are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Austin. Flood risk is increasing slower than the national average.
69% of properties are at risk of wildfire over the next 30 years
Fire Factor
Austin has a moderate risk of wildfire. There are 158,004 properties in Austin that have some risk of being affected by wildfire over the next 30 years. This represents 69% of all properties in Austin.
72% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Austin has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Austin is most at risk from hurricanes. 164,518 properties in Austin have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 116 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 128 mph.