February 2025 Austin Market Report

Here’s What You Need to Know

February saw dynamic shifts in buyer activity for single-family homes in Austin. Mid-month, new contracts dipped but rebounded strongly in the final week, coming in just 5% lower than last year and setting a promising tone for March. Meanwhile, new listings jumped over 7% to 1,038, and the median sale price climbed 7% to $615,000. With spring on the horizon, sellers are ready to seize the moment, and buyers seem eager to keep up.

Homes on Deck in February

Available inventory was up almost 10% from last year, with 2,374 active listings in February. New-to-market listings were up 7%, with 1,038.

4.3 Months of Inventory

This spring, sellers are displaying increased confidence by adding more inventory compared to the same period last year, raising the months of inventory to 4.3.

Sales Pulse

Closed sales were down slightly, around 6% from the previous year, at 520, and new contracts were down just under 7%, at 670.

Price Tag Trends

Median Sales Price: up 6.7% at $615,000

New Contracts Written: down 7% at 670

Median List Price U/C = $647,820

Average List Price U/C = $743,313

Median List Price = $629,500

Average List Price = $866,081

Buyer and Seller Clues

Homes took an average of 75 days to sell, no movement from February 2024. The Average Sold Price to Original List Price Ratio is a steady 93.3%.

Flat from last year. All in all, we’re still in a balanced spot. Sellers seem to have confidence, and buyer activity is staying consistent.

See the full market report here: https://www.compass.com/marketing-center/editor/v2/flipbook/9820ef32-27d1-4d0c-b642-883751e38eb5