Sold homes in the Austin Texas real estate market, spanning the Austin-Round Rock-San Marcos MSA, saw a 2.5% increase in closings, year-over-year reaching 2,303 sold properties. The uptick indicates a positive sign for buyers and sellers as the market finds balance, according to the latest Central Texas Housing Report.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, predicts that the coming year will mirror 2024’s conditions offering consistency for homebuyers and sellers.
“2025 market activity will likely look similar to trends observed in 2024 with the median sales price and closed sales hovering between a range of 5% up or down year-over-year. This stability will give homebuyers and sellers clear expectations to plan their next steps with greater confidence. Additionally, mortgage rates will likely hover between 6 and 7%, as the Federal Reserve adopts a cautious approach to potential rate cuts. This consistency will allow both buyers and sellers to benefit from a predictable lending environment. However, external factors, such as economic shifts or policy changes, could influence these trends, underscoring the importance of staying informed and adaptable to navigate the market successfully.”
Austin real estate market: home sales for the Austin-Round Rock MSA comparing month over month between December 2024 and November 2024
✔ Overall, the median sales price was up (from $435,000)
✔ Sold units were up (from 2,130)
✔ New listings were down (from 2,570)
✔ Active listings were down (from 10,845)
✔ Pending home sales were down (from 2,255)
✔ Months of inventory were down (from 4.8)
Number of Austin homes for sale plus real estate news market data and statistics by county for the Central Texas Housing Market December 2024: Median Austin home prices and data by county
Months of inventory are calculated by dividing the number of homes listed for sale by the average number sold per month within 12 months.
Austin Texas Real Estate and other Central Texas Housing Market Median Sales Prices for Austin, Georgetown, Round Rock, Leander, Pflugerville, Dripping Springs, Buda, Kyle, Cedar Park, Liberty Hill, and beyond for Single-Family Residential Home Types.
The median home price data below for Central Texas cities combines all residential home types and only lists cities with at least 48 closed sales units to make the top 14.
️In total, sales were up ~200 units for the cities in Central Texas with the most sold homes compared to November.
Top 15 Central Texas cities with the most home sales In the Austin Texas Real Estate Market
What Central Texas cities had the most home sales in December? The breakdown above shows the top 15 cities with the most homes sold. This report included all residential home types.
Austin, Georgetown, and Round Rock took the top 3 slots.
How did Austin homes sell in 2024 compared to 2023?
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Austin real estate news, specifically Austin real estate market data and Austin homes for sale numbers are compiled by ACTRIS© Matrix data through the Austin Board of REALTORS®. Information deemed reliable but not guaranteed and should be verified. Content is “AS IS,” without any warranty, express or implied. Results were calculated from the number of listings in the MLS at the date of the report. Off-market data not included.