March 2025 Austin Market Report

Here's What You Need to Know

As we enter the Spring market, fresh inventory is key with 1,636 new listings added—a 22% rise compared to the same period last year.

Buyer demand remains stable, with 839 new contracts signed in March, a 2.3% drop from the same time last year. 

March saw a 10% drop in closed sales compared to last year. However, the median price increased by 4% to $619,000, suggesting stronger demand for higher-priced properties in the City of Austin.

Homes on Deck in March 

There were 2,719 active single-family listings in March for the City of Austin. This is over 10% more available inventory than the same time last year.

4.3 Months of Inventory

 The City of Austin has roughly 4.3 months' worth of inventory, indicating a good balance of supply and buyer demand.

Sales Pulse

The average days on market decreased from the previous month to 62 days, indicating the beginning of the Spring selling season. This marks a slight increase of 4 days compared to the previous year.

Price Tag Trends

Median Sales Price: $619,000

New Contracts Written: 839

Median List Price U/C = $625,000

Average List Price U/C = $819,079

Median List Price = $649,000

Average List Price = $844,799

Buyer and Seller Clues

As indicated above, homes sold in an average of 62 days, up 4 days from the same period last year. In March, 43% of new contracts were for newly listed homes, showing demand for fresh inventory. The average ratio of sold price to original list price remains steady at 94.5%, unchanged from last year. Overall, it's a balanced market with more options for buyers and consistent demand.

March Market Snapshot: Fresh Inventory Matters

In March, buyers made one thing clear: they want new listings.

Out of 2,719 active listings:

1,600 were newly added to the market in March.

839 listings went under contract (pending).

Of those pending sales, 43.5% were from new March listings — and they sold fast, averaging just 9.75 days on the market.

In comparison, older listings that finally went pending took an average of over 77 days.

What this means: Buyers are acting quickly on fresh, well-positioned inventory — and skipping over stale listings. If you're considering selling, timing your launch and first impression is everything in this market.