Eleven Oaks Realty is proud to present their February 2025 Austin Multi Family Real Estate Price Report measuring activity in the Austin multi family market. This report includes all multi family properties (duplex, triplex and quadplex) that sold in February 2025.
The Austin Multi Family Real Estate Market is a Balanced Market
In February 2025, there was 5.84 months of inventory on the Austin multi family market, showing a 14.12% decrease in month over month comparisons. The average sold to list price was 96.1%, up 1.52% in month over month numbers. The median time to sell a multi family property in Austin in February 2025 was 61 days, up 27.08% in month over month comparisons. The median sold price of a multi family home was $499,900, down 20.02% in month over month numbers.
5.9% Decrease in Median Sold Price
In February 2025 the median sold price for a multi family property in Austin was $499,900 compared to $531,000 in February 2024, showing a 5.9% decrease in year over year numbers. Last month the median sold price for a multi family property in Austin was $625,000, showing a 20% decrease in month over month comparisons.
35% Decrease in Number of Sold Properties
In February 2025, there were 13 multi family properties that sold compared to 20 in February 2024, showing a 35% decrease in year over year numbers. Last month there were 17 multi family properties that sold, showing a 23.5% decrease in month over month comparisons.
1.5% Decrease in Average Sold to List Price
In February 2025, the average sold price to list price for Austin multi family properties was 96.14%, compared to 94.76% in February 2024, showing a 1.5% decrease in year over year numbers. Last month, the average sold to list price was 94.69%, showing a 1.5% increase in month over month comparisons.
135% Increase in Median Time to Sell
In February 2025, the median time to sell a multi family property in Austin was 61 days compared to 26 days in February 2024, showing a 135% increase in year over year numbers. Last month the median time to sell a multi family property in Austin was 48 days, showing a 27.1% increase in month over month comparisons.
3.7% Decrease in Median Price Per Square Foot
In February 2025, the median price per square foot for a multi family property in Austin was $234 compared to $243 in February 2024, showing a 3.7% decrease in year over year numbers. Last month the median price per square foot was $238 showing a 1.7% decrease in month over month comparisons.
50% Decrease in Total Sales Volume
In February 2025, the total sales volume for multi family properties in Austin was $6,661,900 compared to $13.41MM in February 2024, showing a 50% decrease in total sales volume. Last month, the total sales volume was $12.44MM, showing a 46.4% decrease in month over month comparisons.
3.5% Increase in Months Supply of Inventory
In February 2025, there were 5.84 months of inventory on the market compared to 6.64 months in February 2024, showing a 3.5% increase in year over year numbers. Last month, there were 6.8 months of inventory on the market, showing a 14.1% decrease in month over month comparisons.
47.6% Increase in Number of New Pending Listings
In February 2025, there were 31 multi family properties that accepted a contract compared to 21 in February 2024, showing a 47.6% increase in year over year numbers. Last month, there were also 21 multi family properties that accepted a contract showing a 47.6% increase in month over month comparisons.
2.4% Increase in Median Active List Price
In February 2025, the median active list price for a multi family property in Austin was $695,000 compared to $678,500, showing a 2.4% increase in year over year numbers. Last month, the median active list price was $675,000, showing a 3% increase in month over month comparisons.
9.5% Increase in Number of New Multi Family Listings
In February 2025, there were 46 multi family properties introduced to the market compared to 42 multi family properties introduced in February 2024. Last month, there were 57 multi family properties introduced to the market, showing a 19.3% decrease in month over month comparisons.
13.5% Increase in Number of Active Multi Family Listings
In February 2025, there were 143 multi family properties that were actively listed on the market compared to 126 in February 2024, showing a 13.5% increase in year over year numbers. Last month there were 161 multi family properties actively listed on the market, showing an 11.2% decrease in month over month comparisons.
February 2025 Austin Multi Family 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 multi family sales below. The most expensive property that sold in February 2025 sold for $765,000 and the least expensive multi family property sold for $309,000. Multi family properties ranged in size from 1,610 sqft – 2,468 sqft with an average size of 2,004 sqft. The average price per square foot for a multi family property that sold in Austin in February 2025 was $256.17 with the lowest being $182.55/sqft and the highest being $393.52/sqft. It took, on average, 55 days to sell a multi family property in Austin and sellers received, on average, 92.23% of their original list prices.
| | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|
| Min | 1,610 | $325,000 | $189.23 | $309,000 | $182.55 | 88% | 78% | 6 |
| Max | 2,468 | $825,000 | $424.38 | $765,000 | $393.52 | 103% | 103% | 115 |
| Avg | 2,004 | $533,550 | $266.61 | $512,454 | $256.17 | 96% | 92.23% | 55 |
| Med | 2,034 | $525,000 | $258.11 | $499,900 | $252.03 | 95% | 94% | 54 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | February 2025 |
| Property Type | Multi Family | Number Sold | 13 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
Looking strictly at the numbers, it’s time to buy! Median price is down 6% and inventory is up 3.5% so buyers have more choices and will pay less. There is a 14% increase in the number of active listings, showing sellers are still reasonably confident they’ll be able to sell their multi family properties despite being in a balanced market. Buyers came out this month, with a 48% increase in the number of new pending listings, so it will be interesting to see what next month’s numbers show in terms of closed sales. Time to sell was up 135%, giving buyers more time to make a decision. But, don’t use this as an excuse to wait to check out new listings. You can beat your competition just by being actively engaged in the market and scouting listings as they are listed.
Looking to sell? If you want top dollar for your multi family property, make it stand out as a value. When buyers are excited about the potential of your property, they’re willing to pay more. If your multi-family property is located in a desirable area or good school district, you’re in an even better position as those are very hard to find. Spend some time preparing the property to meet the market and hire a Realtor who knows how to market multi-family properties. If you’re considering selling, work with a Realtor who has strategies to help you get top dollar for your home. 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. We are entering the busiest time of year. Do what you can to prepare your home now and you’ll be ready at the perfect time. For more info about our Home Selling Program, check out Selling in Austin.
If you’re looking to buy, set alerts for new listings and scout them as soon as possible. Hire a Realtor who knows the multi family real estate market and has strategies for getting your offers accepted without increasing your offer price. Our team not only knows the market, but we also own several multi-family properties that have no trouble finding tenants. We can help you identify which properties will be the highest netting. Put our knowledge and experience to work for you and we’ll help you make money on your rental. For more info about buying a multi-family property, visit Buying in Austin.
Questions About the February 2025 Austin Multi Family Real Estate Price Report?
Do you have questions about this February 2025 Austin Multi Family 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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