Eleven Oaks Realty is proud to present their April 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 April 2025.
The Austin Multi Family Market is a Buyer’s Market
In April 2025, there were 9.31 months of inventory on the Austin multi family market, showing a 20.13% increase in month over month comparisons. The average sold to list price was 95.3%, up 0.33% in month over month comparisons. The median time to sell a multi family home in Austin was 13 days, down 58.06% in month over month comparisons. The median sold price was $700,875, showing a 43.06% increase in month over month comparisons.
11.7% Increase in Median Sold Price
In April 2025, the median sold price of a multi family property in Austin was $700,875 compared to $627,500 in April 2024, showing an 11.7% increase in year over year numbers. Last month the median sold price was $489,900 showing a 43.1% increase in month over month comparisons.
20% Decrease in Number of Sold Multi Family Listings
In April 2025, there were 16 multi family properties that closed escrow compared to 20 multi family properties in April 2024 showing a 20% decrease in year over year numbers. Last month there were 25 multi family properties that sold showing a 36% decrease in month over month comparisons.
67% Decrease in Median Time to Sell
In April 2025, the median time to sell a multi family property in Austin was 13 days compared to 39 days in April 2024, showing a 67% decrease in year over year numbers. Last month the median time to sell a multi family property was 31 days, showing a 58.1% decrease in month over month comparisons.
1.6% Decrease in Median Price Per Square Foot
In April 2025, the median price per square foot for a multi family property in Austin was $250 compared to $246 in April 2024, showing a 1.6% decrease in year over year numbers. Last month the median price per square foot was $233, showing a 7.3% increase in month over month comparisons.
0.4% Decrease in Total Sales Volume
In April 2025, the total sales volume for multi family properties in Austin was $11,748,760 compared to $11.7MM in April 2024 showing an 0.4% decrease in year over year numbers. Last month the total sales volume was $14.1MM showing a 16.7% decrease in month over month comparisons.
69.6% Increase in Months Supply of Inventory
In April 2025, there was 9.31 months of inventory on the Austin multi family market compared to 5.49 months in April 2024, showing a 69.6% increase in year over year numbers. Last month there was 7.75 month of inventory on the market showing a 20.1% increase in month over month comparisons.
55.6% Decrease in Number of New Pending Listings
In April 2025, there were 16 multi family properties that accepted a contract compared to 36 multi family properties in April 2024 showing a 55.6% decrease in year over year numbers. Last month there were 21 multi family homes that accepted a contract, showing a 23.8% decrease in month over month comparisons.
4.6% Decrease in Median Active List Price
In April 2025, the median active list price for a multi family property in Austin was $667,000 compared to $699,500 in April 2024, showing a 4.6% decrease in year over year numbers. Last month the median active list price was $667,000 showing no change in month over month comparisons.
13% Increase in Number of New Multi Family Listings
In April 2025, there were 69 multi family properties that were listed for sale compared to 61 in April 2024, showing a 13% increase in year over year numbers. Last month there were 62 multi family properties introduced to the market showing an 11.3% increase in month over month comparisons.
45% Increase in Number of Active Multi Family Listings
In April 2025, there were 197 multi family properties on the market compared to 136 in April 2024, showing a 45% increase in year over year numbers. Last month there were 177 multi family properties on the market showing an 11.3% increase in month over month comparisons.
April 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 April 2025 Austin multi family sales below. The most expensive property that sold in March 2025 sold for $1,342,480 and the least expensive multi family property sold for $417,000. Multi family properties ranged in size from 1,552 sqft – 4,560 sqft with an average size of 2,524 sqft. The average price per square foot for a multi family property that sold in Austin in April 2025 was $314.32 with the lowest being $197.07/sqft and the highest being $659.05/sqft. It took, on average, 22 days to sell a multi family property in Austin and sellers received, on average, 93.88% of their original list prices.
| | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|
| Min | 1,552 | $425,000 | $200.85 | $417,000 | $197.07 | 86% | 82% | 3 |
| Max | 4,560 | $1,500,000 | $736.38 | $1,342,480 | $659.05 | 100% | 100% | 61 |
| Avg | 2,524 | $271.52 | $332.12 | $752,173 | $314.32 | 95% | 93.88% | 22 |
| Med | 2,382 | $732,500 | $267.01 | $700,875 | $237.28 | 96.5% | 96.5% | 13 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | April 2025 |
| Property Type | Multi Family | Number Sold | 16 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
Looking strictly at the numbers, it’s time to buy! Though median price is up 12%, we saw a 20% decrease in sales and a 70% increase in inventory so buyers have more choices and will be able to negotiate more with sellers who are motivated to get their properties sold quickly. There was a 45% 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 strong buyers market. Buyers slowed down this month, with a 56% decrease in the number of new pending listings, which explains the increase in inventory and listings. Time to sell was down 67%, which was more due to the fact that with only 16 properties that sold, buyers chose new listings versus listings that had been for sale for a long time when they made their offers. 13 days is more of an extreme seller’s market median time to sell number, so it shows there are a group of multi family listings that are desirable and are being snatched up faster while the other properties linger. If you’re looking to buy, get your pre-approval done so you can act quickly when you find a property that meets your needs.
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 April 2025 Austin Multi Family Real Estate Price Report?
Do you have questions about this April 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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