Eleven Oaks Realty is proud to present their March 2025 Austin Condo Price Report measuring activity in the Austin condo market. Our March 2025 Austin Condo Price Report covers all condominiums and townhomes in the City of Austin.
The Austin Condo Market is a Buyer’s Market
In March 2025, there were 8.55 months of inventory on the Austin condo market, showing an 18.75% increase in year over year numbers. The average sold to list price was 96.7%, showing an 0.24% increase in month over month comparisons. The median time to sell a condo in Austin was 47 days, showing a 32.86% decrease in month over month comparisons. The median sold price of a condo in Austin was $460,000 showing a 15% increase in month over month comparisons.
What does this mean for sellers? Sellers need to be patient and really consider how their position their condos in the market. With nearly 9 months of inventory on the market, buyers have plenty of choices if they’re in the market for a condo in Austin. Consider both closed comps and what’s currently for sale as buyers will compare your condo to every other condo on the market. They’re thorough and compare every detail. If you want a step above, I highly recommend professional staging. Professional stagers know what buyers are looking for and create emotional attachments. In this market, it is critical if sellers want to give their condos a boost without lowering price.
What does this mean for buyers? Buyers have a lot of choices and more time to make a decision. Prices are still up, but buyers are able to negotiate more than they were in years past often negotiating money off the price, repairs and a credit towards closing costs. We are seeing more inventory hit the market, so spring buyers have even more choices. Buyers who are in the market today report they are much happier with the condos they purchased than they have been in years past. If we see a decrease in interest rates, this market will take off and these opportunities will be gone. If you’re interested in buying, get pre-approved now so you will be ready when the right condo is listed for sale.
20% Increase in Median Sold Price
In March 2025, the median sold price for a condo in Austin was $460,000 compared to $383,000 in March 2024, showing a 20% increase in year over year numbers. Last month the median sold price for a condo in Austin was $400,000 showing a 15% increase in month over month comparisons.
24% Decrease in Number of Sold Condos
In March 2025, there were 137 condos that sold in Austin compared to 181 in March 2024, showing a 24% decrease in year over year numbers. Last month there were also 137 condos that sold, showing no change in month over month comparisons.
0.73% Decrease in Average Sold to List Price
In March 2025, the average sold to list price for condos in Austin was 96.69% compared to 97.4% in March 2024, showing an 0.73% decrease in year over year numbers. Last month the average sold to list price for a condo in Austin was 96.46%, showing an 0.2% increase in month over month comparisons.
12% Increase in Median Time to Sell
In March 2025, the median time to sell a condo in Austin was 47 days compared to 42 days in March 2024, showing a 12% increase in year over year numbers. Last month the median time to sell a condo in Austin was 70 days, showing a 32.9% decrease in month over month comparisons.
2.7% Increase in Median Price Per Square Foot
In March 2025, the median price per square foot for a condo in Austin was $341 compared to $332 in March 2024, showing a 2.7% increase in year over year numbers. Last month the median price per square foot for a condo in Austin was $293, showing a 16.4% increase in month over month comparisons.
12% Decrease in Total Sales Volume
In March 2025, the total sales volume for condos in Austin was $77,560,010 compared to $87.82MM in March 2024, showing a 12% decrease in year over year numbers. Last month the total sales volume was $69.72MM, showing an 11.2% increase in month over month comparisons.
34% Increase in Months Supply of Inventory
In March 2025, there were 8.55 months of inventory on the Austin condo market compared to 6.38 months of inventory in March 2024, showing a 34% increase in year over year numbers. Last month there were 7.2 months of inventory on the market, showing an 18.8% increase in month over month comparisons.
15% Decrease in Number of New Pending Listings
In March 2025, there were 182 condos that accepted a contract in Austin compared to 215 in march 2024, showing a 15% decrease in year over year numbers. Last month there were 146 condos that accepted a contract showing a 24.7% increase in month over month comparisons.
7.3% Decrease in Median Active List Price
In March 2025, the median active list price for a condo in Austin was $445,000 compared to $480,000 in March 2024, showing a 7.3% decrease in year over year numbers. Last month the median active list price was $449,000 showing an 0.9% decrease in month over month comparisons.
5.3% Increase in Number of New Condo Listings
In March 2025, there were 520 condos that were listed for sale in Austin compared to 494 in March 2024, showing a 5.3% increase in year over year numbers. Last month there were 406 condos listed for sale in Austin showing a 28.1% increase in month over month comparisons.
22% Increase in Number of Active Condo Listings
In March 2025, there were 1,363 condos actively listed on the Austin real estate market compared to 1,120 in March 2024, showing a 22% increase in year over year numbers. Last month there were 1,170 condos actively listed not the market showing a 16.8% increase in month over month comparisons.
March 2025 Austin Condo Numbers
In March 2025, there were 145 condos and townhomes that sold in Austin. Condos ranged in size from 420-3,373 sq ft with 1-5 bedrooms and 1-5 bathrooms. The most expensive condo that sold in Austin sold for $2,750,000 and the least expensive condo sold for $100,000. It took, on average, 80 days to sell a condo in Austin and sellers received, on average, 92.96% of their original list prices. The average price per square foot of a condo sold in Austin in March 2025 was $399.57.
| | Bed | Bath | SqFt | List $ | LP/SqFt | Sold $ | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 1 | 1 | 420 | $150,000 | $115.92 | $100,000 | $77.28 | 67% | 54% | 0 |
| Max | 5 | 5 | 3,373 | $2,950,000 | $1,625.34 | $2,750,000 | $1,515.15 | 111% | 111% | 427 |
| Avg | 2 | 2 | 1,427 | $586,843 | $415.89 | $563,741 | $399.57 | 96.34% | 92.96% | 80 |
| Med | 2 | 2 | 1,371 | $459,000 | $350.35 | $445,000 | $340.34 | 97% | 95% | 42 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | March 2025 |
| Property Type | Condos & Townhomes | Number Sold | 145 |
| 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 median prices are up 20% all other market forces favor buyers. With nearly 9 months of inventory on the market, buyers have their pick of condos in nearly every building or complex. We saw a 24% decrease in condo sales and a 34% increase in inventory, so there are fewer buyers in the market than sellers, which is causing motivated sellers to make concessions to attract a serious buyer. We are seeing sellers reduce prices, take less than list price, offer repair credits and even closing costs. If interest rates fall and the market takes off, we won’t see these concessions any more. Take advantage now while market forces are in your favor.
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 March 2025 Austin Condo Price Report?
Do you have questions about our March 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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