Eleven Oaks Realty is proud to present their March 2025 Austin Real Estate Price Report measuring activity in the single family home market.
The Austin Real Estate Market is a Seller’s Market
For several months in a row now, we’ve seen the Austin market in seller’s market territory. Though this month we saw buyers take their foots off the gas a bit. This was an unusual trend as we usually see activity increase as we get into spring, so it will definitely be interesting to see where next month’s numbers take us. In March 2025, there were 4.29 months of inventory on the market, showing a 24.71% increase in month over month comparisons. The average sold to list price was 97.3%, up 0.15% in month over month comparisons. The median time to sell a single family home in Austin was 34 days, showing a 41.38% decrease in month over month comparisons. The median sold price for a single family home in Austin was $600,000, up 1.69% in month over month comparisons.
What does this mean for sellers? Though we are not in as strong of a seller’s market as we were last month, we are still in a seller’s market. We did see more inventory come online, so that means more competition. But, spring usually brings more buyers so if history is any predictor, we should see demand go up and inch back down into a stronger seller’s market. With more competition though, means sellers need to spend a little more time preparing their homes to meet their new owners. If the house is vacant, consider staging. Look at pricing and compare comps, but also consider actives and how your home stacks up against your competition. Homes are selling, but homes are also sitting on the market if they’re not priced right or presented right. Selling a home today takes a little work and creativity.
What does this mean for buyers? With more inventory and eager sellers looking to make a deal, buyers are able to negotiate a lot more than they were in previous sellers markets. We’re seeing sellers come off their prices significantly and negotiate repairs. We’re also seeing buyers getting the homes they love, not just the homes they settled for (which was happening in previous sellers markets). Ultimately buyers are happy at the end of the home buying process. If you’re thinking about getting in the market, spring is a time that brings many more choices. Get pre-approved today so you are ready to make an offer when the perfect house is listed.
1.5% Increase in Median Sold Price
In March 2025, the median sold price of a single family home in Austin was $600,000 compared to $591,400 in March 2024, showing a 1.5% increase in year over year numbers. Last month the median sold price was $590,000, showing a 1.7% increase in month over month comparisons.
16.6% Decrease in Number of Sold Homes
In March 2025, there were 637 single family homes that sold in Austin compared to 764 in March 2024, showing a 16.6% decrease in year over year numbers. Last month there were 509 single family homes that sold in Austin, showing a 25.1% increase in month over month comparisons.
0.58% Decrease in Average Sold to List Price
In March 2025, the average sold to list price was 97.29% compared to 97.86% in March 2024, showing an 0.58% decrease in year over year numbers. Last month the average sold to list price was 97.14% showing an 0.2% increase in month over month comparisons.
3% Increase in Median Time to Sell
In March 2025, the median time to sell a single family home in Austin was 34 days compared to 33 days in March 2024, showing a 3% increase in year over year numbers. Last month the median time to sell was 58 days, showing a 41.4% decrease in month over month comparisons.
1.6% Increase in Median Price Per Square Foot
In March 2025, the median price per square foot for a single family home in Austin was $315 compared to $310 in March 2024, showing a 1.6% increase in year over year numbers. Last month the median price per square foot was $302, showing a 4.3% increase in month over month comparisons.
15% Decrease in Total Sales Volume
In March 2025, the total sales volume for single family homes in Austin was $518,383,025 compared to $610.81MM in March 2024, showing a 15% decrease in year over year numbers. Last month the total sales volume was $405.06MM showing a 28% increase in month over month comparisons.
20.8% Increase in Months Supply of Inventory
In March 2025, there was 4.29 months of inventory on the Austin single family home market compared to 3.55 months in March 2024, showing a 20.8% increase in year over year numbers. Last month, there was 3.44 months, showing a 25.7% increase in month over month comparisons.
0.74% Decrease in Number of New Pending Listings
In March 2025, there were 809 single family homes that accepted a contract compared to 815 in March 2024, showing an 0.74% decrease in year over year numbers. Last month, there were 635 single family homes that accepted a contract, showing a 27.4% increase in month over month numbers.
6.8% Decrease in Median Active List Price
In March 2025, the median active list price of a single family home in Austin was $699,000 compared to $750,000 in March 2024, showing a 6.8% decrease in year over year numbers. Last month the median active list price was $680,000 showing a 2.8% increase in month over month comparisons.
18% Decrease in Number of New Listings
In March 2025, there were 1,593 homes introduced to the Austin real estate market compared to 1,350 in March 2024, showing an 18% decrease in year over year numbers. Last month, there were 1,020 homes introduced to the market, showing a 56.3% increase in month over month numbers.
13.88% Increase in Number of Active Listings
In March 2025, there were 2,847 single family homes actively listed on the market compared to 2,500 in March 2024, showing a 13.88% increase in year over year numbers. Last month, there were 2,280 homes listed, showing a 24.7% increase in month over month comparisons.
March 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 March 2025 Austin home sales below. The most expensive home that sold in March 2025 sold for $7,062,000 and the least expensive home sold for $100,000. Homes ranged in size from 480 sqft – 7,777 sqft with an average size of 2,273 sqft. The average price per square foot for a home that sold in Austin in March 2025 was $351.22 with the lowest being $92.59/sqft and the highest being $1,358.60/sqft. It took, on average, 62 days to sell a home in Austin and sellers received, on average, 94.15% of their original list prices.
| Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 1 | 1 | 480 | $100,000 | $110.56 | $100,000 | $92.59 | 43% | 43% | 0 |
| Max | 12 | 8 | 7,777 | $7,900,000 | $1,519.82 | $7,062,000 | $1,358.60 | 123% | 123% | 392 |
| Avg | 4 | 3 | 2,273 | $846,255 | $361.81 | $819,026 | $351.22 | 97.30% | 94.15% | 62 |
| Median | 3 | 3 | 2,081 | $634,000 | $316.67 | $619,000 | $310.02 | 98% | 96% | 28 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | March 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 buy. Yes, that’s a strange recommendation in technically a seller’s market, but this is one of the softer sellers markets we’ve seen in the last five years. Median home prices are only up 1.5% and there is over 4 months of inventory indicating prices are remaining stable and buyers have choices. With a 17% decrease in home sales and a 15% decrease in total sales volume, the number of buyers out there is not as high as it was last year, so motivated sellers are making deals to get their homes sold. They’re coming off their prices, making more repair concessions and offering to pay closing costs. If interest rates continue to drop, we’ll see a complete reverse of market forces and we will be in extreme market territory again. Buy now when you have choices and some leverage.
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 March 2025 Austin Real Estate Price Report?
Do you have questions about our March 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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