Eleven Oaks Realty is proud to present their January 2025 Austin Real Estate Price Report measuring activity in the single family home market.
Austin is Heading into a Stronger Seller’s Market
In January 2025 we continued to head deeper into a seller’s market despite no change in interest rates. In January 2025, there were 3.02 months of inventory on the Austin real estate market, showing a 3.51% decrease in month over month comparisons. The average list price to sales price was 96.3%, showing an 0.09% increase in month over month comparisons. The median time to sell a home in Austin in January 2025 was 68 days, up 21.43% in month over month comparisons. The median sold price in January 2025 was $567,000, down 5.42% in month over month comparisons.
3.1% Increase in Median Sold Price
In January 2025, the median sold price for a single family home in Austin was $567,000 compared to $550,000 in January 2024, showing a 3.1% increase in year over year numbers. Last month the median sold price of a single family home in Austin was $599,500, showing a 5.4% decrease in month over month comparisons. Despite seeing price reductions and a slower overall market than we saw in the peak, prices are still up from last year which should be a welcome sign for home sellers. On the flip side, they’re up 3% versus the 10-15% we saw some years, which should be a welcome sign for buyers.
10.2% Decrease in Number of Homes Sold
In January 2025, there were 396 homes that closed escrow in Austin compared to 441 in January 2024 showing a 10.2% decrease in year over year numbers. Last month, there were 642 homes sold, showing a 38.3% decrease in month over month comparisons.
0.2% Increase in Sold Price to List Price
In January 2025, the average sold to list price was 96.31% compared to 96.08% in January 2024, showing an 0.2% increase in year over year numbers. Last month the sold price to list price was 96.22% showing an 0.1% increase in month over month comparisons.
6.25% Increase in Median Time to Sell
In January 2025, the median time to sell a single family home in Austin was 68 days compared to 64 days in January 2024 showing a 6.25% increase in year over year comparisons. Last month the median time to sell was 56 days, showing a 21.4% increase in month over month comparisons.
1.4% Decrease in Median Price Per Square Foot
In January 2025, the median price per square foot of a single family home in Austin was $282 compared to $286 in January 2024, showing a 1.4% decrease in year over year numbers. Last mont the median price per square foot was $300, showing a 6% decrease in month over month comparisons.
1.1% Decrease in Total Sales Volume
In January 2025, the total sales volume for single family homes in Austin was $311,733,756 compared to $315.24MM in January 2024 showing a 1.1% decrease in total sales volume. Last month the total sales volume was $533.43MM, showing a 41.6% decrease in month over month comparisons.
1% Decrease in Months Supply of Inventory
In January 2025, there were 3.02 months of inventory on the market compared to 3.05 months of inventory in January 2024, showing a 1% decrease in year over year numbers. Last month, there was 3.13 months of inventory on the market, showing a 3.5% decrease in month over month comparisons.
6.2% Decrease in Number of New Pending Listings
In January 2025, there were 578 single family homes in Austin that accepted a contract compared to 616 in January 2024, showing a 6.2% decrease in year over year numbers. Last month, there were 513 single family homes that accepted a contract in Austin, showing a 12.7% increase in month over month comparisons.
4.1% Decrease in Median Active List Price
In January 2025, the median active list price of a single family home in Austin was $669,995 compared to $699,000 in January 2024, showing a 4.1% decrease in year over year numbers. Last month the median active list price was $649,999, showing a 3.1% increase in month over month comparisons.
14.8% Increase in Number of New Listings
In January 2025, there were 925 single family homes introduced to the market compared to 806 in January 2024, showing a 14.8% increase in year over year numbers. Last month, there were 433 single family homes introduced to the market showing a 113.6% increase in month over month comparisons.
1% Decrease in Number of Active Listings
In January 2025, there were 2,050 single family homes on the market compared to 2,070 in January 2024, showing a 1% decrease in year over year numbers. Last month, there were 2,130 single family homes on the market, showing a 3.9% decrease in month over month comparisons.
January 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 January 2025 Austin home sales below. The most expensive home that sold in January 2025 sold for $5,525,000 and the least expensive home sold for $194,000. Homes ranged in size from 802 sqft – 6,745 sqft with an average size of 2,307 sqft. The average price per square foot for a home that sold in Austin in January 2025 was $326.75 with the lowest being $85.23/sqft and the highest being $1,297.17/sqft. It took, on average, 81 days to sell a home in Austin and sellers received, on average, 91.39% of their original list prices.
| Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 1 | 1 | 802 | $199,000 | $75.38 | $194,000 | $85.23 | 66% | 55% | 0 |
| Max | 12 | 10 | 6,745 | $5,750,000 | $1,310.27 | $5,525,000 | $1,297.17 | 137% | 137% | 449 |
| Avg | 4 | 3 | 2,307 | $814,288 | $340.28 | $780,096 | $326.75 | 96.328% | 91.39% | 81 |
| Median | 3 | 3 | 2,081 | $580,704 | $285.31 | $565,750 | $279.07 | 97% | 93% | 65 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | January 2025 |
| Property Type | Single Family Homes | Number Sold | 424 |
| 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 we’re looking strictly at the market – it’s time to sell! Median price is up 3%, which is not huge, but it shows we are still a bit stronger than we were last year. Though time to sell is up 6%, it’s likely again coming from homes that have been sitting for a while that are finally getting a buyer. Buyers aren’t really getting extra time. They’re having to pick from homes that have been on the market longer than they’ve been looking. We did see a 10% decrease in the number of new pending listings, but we should see that number tick up in February. For the previous three months we did see an increase in buyer activity. I believe January is just a fluke down month and as February has started out, we are seeing more activity. Get your homes ready to meet the market now and you’ll be ready at the perfect time for the influx of buyers to tour.
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 January 2025 Austin Real Estate Price Report?
Do you have questions about our January 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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