Eleven Oaks Realty is proud to present their February 2025 Austin Real Estate Price Report measuring activity in the single family home market.
Austin is Becoming a Stronger Seller’s Market
In February 2025, the Austin single family real estate market dipped deeper into a seller’s market. In February 2025, there were 3.2 months of inventory on the market, showing a 1.59% increase in month over month comparisons. The average sold to list price was 97.1%, up 0.78% in month over month comparisons. The median time to sell a single family home in Austin in February 2025 was 59 days, down 18.06% in month over month comparisons. The median sold price of a single family home in Austin was $593,750, up 6.03% in month over month comparisons.
What does this mean for sellers? Sellers should be pleased to see we are heading into a strong seller’s market. Though we aren’t seeing numbers like we were a few years ago, we are seeing homes sell and typically for more than they would have sold last year. It’s not a windfall, but it’s a few percentage points of increase. It is taking a bit longer to sell at nearly two months, so you’ll need to adjust your timeline. List a little bit earlier than you think and negotiate a leaseback or have a temporary housing solution worked out in case you get an offer quickly.
What does this mean for buyers? Buyers shouldn’t be too discouraged. Though it is a seller’s market, buyers are getting time to make a decision and they’re able to negotiate some (on average about 3% off list price). You’ll see later in the report, number of home sales are down, so sellers that are eager to sell might jump on a less favorable offer for fear that will be their only shot. Get pre-approved and be ready to make an offer when the home you’re looking for is listed.
Median Sold Price Up 4.6%
In February 2025, the median sold price of a single family home in Austin was $593,750 compared to $567,450 in February 2024, showing a 4.6% increase in year over year numbers. Last month the median sold price was $560,000, showing a 6% increase in month over month numbers.
19.3% Decrease in Number of Sold Homes
In February 2025, there were 486 single family homes that sold in Austin compared to 602 in February 2024, showing a 19.3% decrease in year over year numbers. Last month, there were 423 single family homes that sold, showing a 14.9% increase in month over month comparisons.
0.28% Decrease in Average Sold to List Price
In February 2025, the average sold to list price in Austin for a single family home was 97.13% compared to 97.4% in February 2024, showing an 0.28% decrease in year over year numbers. Last month the average sold to list price was 96.38%, showing an 0.8% increase in month over month comparisons.
3.3% Decrease in Median Time to Sell
In February 2025, the median time to sell a single family home in Austin was 59 days compared to 61 days in February 2024, showing a 3.3% decrease in year over year numbers. Last month the median time to sell a single family home in Austin was 72 days, showing an 18.1% decrease in month over month comparisons.
1% Decrease in Median Price Per Square Foot
In February 2025, the median price per square foot for a single family home in Austin was $303 compared to $306 in February 2024, showing a 1% decrease in year over year numbers. Last month the median price per square foot was $281, showing a 7.8% increase in month over month comparisons.
13% Decrease in Total Sales Volume
In February 2025, the total sales volume for a single family home in Austin was $389,422,676 compared to $448.33MM in February 2024, showing a 13% decrease in year over year numbers. Last month the total sales volume was $327.39MM, showing an 18.9% increase in month over month comparisons.
3.9% Increase in Months Supply of Inventory
In February 2025, there were 3.2 months of inventory on the market compared to 3.08 months in February 2024, showing a 3.9% increase in year over year numbers. Last month, there were 3.15 months of inventory on the market showing a 1.6% increase in month over month comparisons.
5% Decrease in Number of New Pending Listings
In February 2025, there were 702 single family homes that accepted a contract in Austin compared to 739 in February 2024, showing a 5% decrease in year over year numbers. Last month there were 516 single family homes that accepted a contract, showing a 36% increase in month over month comparisons.
4.2% Decrease in Median Active List Price
In February 2025, the median active list price for a single family home in Austin was $695,584 compared to $726,420 in February 2024, showing a 4.2% decrease in year over year numbers. Last month the median active list price for a single family home in Austin was $650,000 showing a 7% increase in month over month comparisons.
12.3% Decrease in Number of New Listings
In February 2025, there were 1,017 single family homes introduced to the market compared to 1,160 in February 2024, showing a 12.3% decrease in year over year numbers. Last month, there were 923 homes that accepted ac contract, showing a 10.2% increase in month over month comparisons.
1.7% Decrease in Number of Active Listings
In February 2025, there were 2,143 single family homes on the market in Austin compared to 2,180 in February 2024, showing a 1.7% decrease in year over year numbers. Last month there were 2,130 homes on the market, showing an 0.8% increase in month over month comparisons.
February 2025 Austin Real Estate Price Report – Strictly Numbers
For those of you who prefer to see the actual numbers, we’ve included the figures for February 2025 Austin home sales below. The most expensive home that sold in February 2025 sold for $13,950,000 and the least expensive home sold for $180,000. Homes ranged in size from 624 sqft – 8,223 sqft with an average size of 2,236 sqft. The average price per square foot for a home that sold in Austin in February 2025 was $350.72 with the lowest being $112.64/sqft and the highest being $2,380.95/sqft. It took, on average, 75 days to sell a home in Austin and sellers received, on average, 93.27% of their original list prices.
| Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 1 | 1 | 624 | $187,000 | $119.85 | $180,000 | $112.64 | 59% | 42% | 0 |
| Max | 7 | 8 | 8,223 | $16,960,000 | $2,729.52 | $13,950,000 | $2,380.95 | 126% | 150% | 446 |
| Avg | 4 | 3 | 2,236 | $844,850 | $363.08 | $812,957 | $350.72 | 97.03% | 93.27% | 75 |
| Median | 3 | 3 | 2,011 | $625,000 | $308.38 | $615,000 | $301.18 | 98% | 95% | 53 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | February 2025 |
| Property Type | Single Family Homes | Number Sold | 527 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
As we always say, the best time to buy or sell a home is when you need to buy or sell. If you have a house to buy, buying when its a sellers market may hurt you on the buying end, but you’ll make it up on the selling end. If you’re trying to get into the market for the first time, the only way you’ll know that we’ve “hit bottom” is when its in the rear view mirror. Work with professionals who can help you analyze your financial and lifestyle to determine if now is the right time to buy or sell.
If you’re looking strictly at the numbers – it’s time to sell. Median home prices are up nearly 5% and there is just over 3 months of inventory indicating a strong seller’s market. With a 19% decrease in home sales and a 13% decrease in total sales volume, the number of buyers out there is not as high as it was last year, so you’re going to have to make your home stand out. That being said, buyers today are willing to pay more than they were last year, so that should be a welcome sign for home sellers looking to unload their homes this year.
If you’re looking to buy, get with a knowledgeable mortgage broker who can guide you to getting the lowest interest rate possible. We are already seeing some sections of town that are experiencing multiple offers and we expect home buying will resume in full force as we head deeper into spring. Take advantage of lower demand now and get in before the masses come out and we’re in multiple offer situations all over the city. The best homes are still selling quickly, so you don’t want to wait too long once you see a home listed that you like. If you’re looking to buy, we can help you be successful. We have experienced several market shifts in our careers and know how to navigate them. For more info about buying a home, visit Buy a Home in Austin.
If you need to sell, remember we are still in a seller’s market and likely heading towards a stronger sellers market. Sellers who meet the market where it’s at will be able to sell quickly and move on with their life. Prices are stabilizing, so you can feel a little more secure in your ability to get more for your home. If you’re a seller who needs to sell now, work with a professional Realtor who can help you position your home as the best value on the market. Check out our 88 Ways to Sell Your Home Faster and For More Money for some tips on how you can prepare your home to meet the market. For more info about our Home Selling Program and why it is the best in Austin, check out Sell My Austin Home.
Questions About the February 2025 Austin Real Estate Price Report?
Do you have questions about our February 2025 Austin Real Estate Price Report? 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’re looking to buy or sell Austin real estate, don’t forget to check out our Buyer Resources and our Seller Resources for more tips.
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