The Austin housing market is somewhat competitive. Homes in Austin receive 2 offers on average and sell in around 51 days. The median sale price of a home in Austin was $550K last month, up 2.8% since last year. The median sale price per square foot in Austin is $321, up 0.3% since last year.
In March 2024, Austin home prices were up 2.8% compared to last year, selling for a median price of $550K. On average, homes in Austin sell after 51 days on the market compared to 59 days last year. There were 836 homes sold in March this year, down from 850 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$550,000
+2.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Austin, TX
$550,000
+2.8%
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 63 days.
0
100
39
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 3% below list price and go pending in around 63 days.
Hot homes
can sell for around list price and go pending in around 29 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|
6 Weeks Ago
~$1.25M Offer
Sold for $1.25M
5bd | 4ba | ~3,500sqft
Under List Price
4%
Days on Market
34
Competing Offers
5
Down Payment
~50%
Gabriel Recio
Austin Redfin Agent
Submitted $1,201,000 with 25k earnest and $500 option for 7 days, offered to pay title policy, waived financing and appraisal contingency. Was third best offer out of 5 total. Starting to see more demand and competition and 1MM+ properties so far in 2024…
More
Offer Not Accepted|
6 Weeks Ago
~$500K Offer
Sold for $500K
3bd | 2.5ba | ~2,000sqft
Under List Price
1%
Days on Market
23
Competing Offers
4
Down Payment
~20%
Vickie Self
Austin Redfin Agent
5 offers total - winning offer 2-3% over list......
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Rosedale
Public • PreK-12 • Choice school
247
Students
2 reviews
10/10
Laura Welch Bush Elementary School
Public • K-5
667
Students
7 reviews
10/10
River Ridge Elementary School
Public • PreK-5
685
Students
4 reviews
10/10
Casis Elementary School
Public • PreK-5
744
Students
10 reviews
10/10
Laurel Mountain Elementary School
Public • PreK-5
730
Students
10 reviews
Only showing 5 of
100+ elementary schools.
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.