Eleven Oaks Realty is proud to present their January 2025 Austin Condo Price Report measuring activity in the Austin condo market. Our January 2025 Austin Condo Price Report covers all condominiums and townhomes in the City of Austin.
The Austin Condo Market is a Balanced Market
In January 2025, there were 6.09 months of inventory on the Austin condo market, showing no change in month over month comparisons. The average sold price to list price was 96.7%, showing an 0.13% decrease in month over month comparisons. The median time to sell a condo in Austin was 75 days, down 6.25% in month over month comparisons. The median sold price of an Austin condo was $395,000, showing a 1.25% decrease in month over month comparisons.
No Change in Median Sold Price
The median sold price of a condo in Austin in January 2025 was $395,000 compared to $395,000 in January 2024 showing no change in year over year numbers. Last month the median sold price was $400,000, showing a 1.3% decrease in month over month comparisons.
4% Increase in Number of Sold Condos
In January 2025, there were 105 condos that sold in Austin compared to 101 in January 2024, showing a 4% increase in year over year numbers. Last month there were 138 condos that closed escrow showing a 23.9% decrease in month over month comparisons.
0.4% Increase in Sold Price to List Price
In January 2025, the sold price to list price ratio was 96.65% compared to 96.27% in January 2024, showing an 0.4% increase in year over year numbers. Last month, the sold price to list price ratio was 96.78%, showing an 0.1% decrease in month over month comparisons.
2.7% Increase in Median Time to Sell an Austin Condo
In January 2025, the median time to sell a condo in Austin was 75 days compared to 73 days in January 2024, showing a 2.7% increase in year over year numbers. Last month the median time to sell an Austin condo was 80 days, showing a 6.3% decrease in month over month comparisons.
4% Increase in Median Price Per Square Foot
In January 2025, the median price per square foot of a condo in Austin was $351 compared to $337 in January 2024, showing a 4% increase in year over year numbers. Last month the median price per square foot of a condo in Austin was $320 showing a 9.7% increase in month over month comparisons.
8.6% Increase in Total Sales Volume
In January 2025, the total sales volume for condos in Austin was $59,082,928 compared to $54.42MM in January 2024, showing an 8.6% increase in year over year numbers. Last month the total sales volume was $64.88MM showing an 8.9% decrease in month over month comparisons.
22.5% Increase in Months Supply of Inventory
In January 2025, there were 6.09 months of inventory on the Austin condo market compared to 4.97 months in January 2024, showing a 22.5% increase in year over year comparisons. Last month there was also 6.09 months of inventory on the Austin condo market, showing no change in month over month comparisons.
18% Increase in Number of New Pending Condo Listings
In January 2025, there were 158 condos that accepted a contract compared to 134 in January 2024, showing an 18% increase in year over year numbers. Last month, there were 122 condos that accepted a contract showing a 29.5% increase in month over month comparisons.
8.8% Decrease in Median Active List Price
In January 2025, the median active list price for a condo in Austin was $447,000 compared to $490,000 in January 2024 showing an 8.8% decrease in year over year numbers. Last month, the median active list price was $439,000 , showing a 1.8% increase in month over month comparisons.
30% Increase in Number of New Condo Listings
In January 2025, there were 396 condos introduced to the market compared to 305 in January 2024, showing a 30% increase in year over year numbers. Last month there were 156 condos introduced to the market showing a 153.8% increase in month over month comparisons.
21% Increase in Number of Active Condo Listings
In January 2025, there were 1,012 condos on the market compared to 834 in January 2024, showing a 21% increase in year over year numbers. Last month, there were 1,000 condos on the market, showing a 1.2% increase in month over month comparisons.
January 2025 Austin Condo Numbers
In January 2025, there were 107 condos and townhomes that sold in Austin. Condos ranged in size from 378-4,617 sq ft with 1-5 bedrooms and 1-6 bathrooms. The most expensive condo that sold in Austin sold for $3,250,000 and the least expensive condo sold for $155,000. It took, on average, 102 days to sell a condo in Austin and sellers received, on average, 90.90% of their original list prices. The average price per square foot of a condo sold in Austin in January 2025 was $393.64.
| | Bed | Bath | SqFt | List $ | LP/SqFt | Sold $ | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 1 | 1 | 378 | $165,000 | $149.92 | $155,000 | $139.87 | 70% | 67% | 0 |
| Max | 5 | 6 | 4,617 | $3,495,000 | $1,299.74 | $3,250,000 | $1,249.13 | 111% | 111% | 897 |
| Avg | 2 | 2 | 1,413 | $580,657 | $409.10 | $557,287 | $393.64 | 96.38% | 90.90% | 102 |
| Med | 2 | 2 | 1,299 | $399,990 | $361.33 | $380,000 | $342.21 | 97% | 93% | 73 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | January 2025 |
| Property Type | Condos & Townhomes | Number Sold | 107 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
As we always say, the time to buy or sell a condo in Austin is when it’s right for you. Trying to time your condo purchase or sale for the market is next to impossible. The only way to know we’ve hit the peak or the bottom of the market is when it’s behind us. The most important factor in the decision to purchase is are you financially and emotionally ready to own a condo? Work with professionals who can help you wade through your finances and living situation and help you make an informed decision.
If you’re looking strictly at the numbers – it’s time to buy. Though we are out of the buyer’s market we have been in for several months, conditions are still favorable for buyers. Median price saw no change last year but median active list price was down 9% from last year, so seller’s are showing some wiggle room in price. Inventory went up 21%, so buyers are getting more choices and should be to negotiate more as sellers aren’t getting as many looks. If you’re looking to buy, there might be a short window of opportunity to negotiate a great deal. We’re seeing conditions start to shift more towards sellers with an 18% increase in number of new pending listings. We did also see a 30% increase in number of new condo listings, so sellers are sensing the market shift and trying to capitalize. Signs are pointing towards a stronger spring than we’ve seen in a few years. Buyers who buy earlier in the season will likely spend less than those who buy later in the season when activity picks up and sellers have more negotiating power. Get pre-approved now and scout condos as soon as they are listed to beat buyers who aren’t as on top of their search. Be ready when the right condo is listed and you might just get yourself a great deal.
If you need to sell, know you’re still able to do that if you have patience and persistence. Be prepared for buyers to change their mind and get through all the contingencies before you determine your unit is sold. That being said, buyers are still out there and they’re making strong offers for units they feel stand out. Make your condo stand out as a value compared to the competition and you will be successful at getting an offer. Remember, positioning your condo as a value doesn’t just mean pricing lower. If you’re looking to sell a condo in Austin, spend some time preparing your condo to meet the market. The best condos are still selling quickly and for more money than they were last year. With some preparation and market appropriate pricing, you’ll have no trouble finding a buyer. Check out our Condo Marketing Plan, which we know is the best in Austin for how our team will sell your home faster and for more money than any other team in Austin.
If you’re looking to buy, be clear on what you want so you can be quick to move an offer if you find something that fits. Don’t wait until the weekend to check out listings in person. If you can, set alerts and get inside condos of interest early, you might just beat out the competition. Buyers have become complacent and are waiting to see condos thinking they have time. If you can beat them to the punch and make offers, you will face less competition than if you waited. Make house hunting a priority and you’ll have some extra time to make a decision. If you’re looking to buy, our team of experienced buyer’s agents can help you find the right condo in the right complex for you and your family. Because we know the market, we’re also pretty good at negotiating good deals as well. Check out our Austin Home Buyer Representation Program for more info about how we’ll consult you to a thoughtful purchase, rather than hard sell you the first condo we see.
Questions About the January 2025 Austin Condo Price Report?
Do you have questions about our January 2025 Austin Condo Price Report? Looking to buy or sell a condo or townhome in Austin? Call us at (512) 827-8323 or email us at info@11OaksRealty.com and we’ll help you in any way we can. If you’
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