05/07/2026
Austin Market Watch
The Austin market is still active, but buyers are being much more selective and strategic.
Here’s what the latest Austin residential data is showing for the past week:
• 198 new listings hit the market
• 76 homes went pending
• 52 homes closed
• Median sales price climbed to $670,000
• Average price per square foot increased to $384
• Median days on market is currently 20 days
• Sellers averaged 96.4% of original list price at closing
• Price reductions are continuing to increase as sellers adjust to current buyer expectations
What this tells us:
• Buyers are still buying, but they are taking more time and negotiating harder
• Homes that are updated, priced correctly, and marketed well are still moving
• Overpricing is leading to longer market times and more price reductions
• Inventory is creating more opportunity and leverage for buyers than we saw during the peak frenzy years
For sellers:
Strategy matters more than ever. Preparation, pricing, presentation, and marketing are what separate the homes that sell quickly from the homes that sit.
For buyers:
This market can create opportunity. More inventory and less competition can mean stronger negotiating power, better terms, and more options.
Austin is not a frozen market.
It’s a smarter market.
If you want neighborhood-specific data or insight into your price point, send me a message.
- Stacy Zellner, REALTOR at Let’s Move Austin
