05/28/2026
Before I help any seller set a list price, I share one number with them that most agents skip. This week, I want to share it with you.
The number: $3,501.
That's the approximate monthly PITI — principal, interest, taxes, and insurance — on Austin's current median home price of $467,680, at today's 6.57% Austin-area rate. To qualify comfortably for that payment, a buyer typically needs a household income of $150,000 or more.
That's who your buyer is. And when you set your asking price, you're deciding whether they can afford to make an offer.
Every $25,000 you price above the median is another $150–$180 per month on their payment. In a market where 50.05% of listings have already cut their price and homes are averaging 78 days on market, the cost of overpricing is real — not just in time, but in the final number you walk away with.
The good news: there are buyers closing right now. Pending contracts are up 3.3% year-over-year. The buyers who can qualify are moving — they just need your price to make sense for them.
I walk every seller I work with through this model before we list. It's not a discouraging conversation — it's the honest one that leads to a faster, cleaner sale.
If you'd like to talk through what pricing looks like for your specific home, I'd love to make time for that. Drop a comment or send me a message anytime. 🙏