Eleven Oaks Realty is proud to present their February 2025 Austin Condo Price Report measuring activity in the Austin condo market. Our February 2025 Austin Condo Price Report covers all condominiums and townhomes in the City of Austin.
The Austin Condo Market is a Buyer’s Market
Though just barely, the Austin condo market is a buyer’s market. In February 2025, there were 6.83 months of inventory on the Austin condo market, showing a 10.16% increase in month over month numbers. The average sold to list price ratio was 96.5%, down 0.1% in month over month comparisons. The median time to sell a condo in Austin was 70 days, down 6.67% in month over month comparisons. The median sold price of an Austin condo in February 2025 was $402,000, showing a 4.69% increase in month over month comparisons.
What does this mean for sellers? Sellers will need to position their homes to sell. Those who spend a little more time preparing their units to meet its new owner are going to sell their units faster and for more money than those who simply put a sign on their door. Though we are in a buyer’s market, condos are still selling. Sellers are still getting, on average, 96.5% of their list prices and the median time to sell is 70 days, which isn’t too long when you compare a more traditional buyer’s market. Position your unit as a value so the buyers in the market choose yours over the competition.
What does this mean for buyers? With a decrease in median sold price and increase in inventory, buyers are getting more choices and aren’t having to pay as much as they were last year. Sellers are also willing to negotiate more, which is allowing buyers to get contracts accepted with more favorable terms. Though you have more choices and more time, you still have competition. Make condo buying a priority and you’ll beat other buyers to the best new units.
5.4% Decrease in Median Sold Price
In February 2025, the median sold price of a condo in Austin was $402,000 compared to $425,000 in February 2024, showing a 5.4% decrease in year over year numbers. Last month the median sold price of a condo in Austin was $384,000, showing a 4.7% increase in month over month comparisons.
14.6% Decrease in Number of Sold Condos
In February 2025, there were 129 condos that sold in Austin compared to 151 in February 2024, showing a 14.6% decrease in year over year numbers. Last month there were 109 condos that sold showing an 18.3% increase in month over month comparisons.
0.6% Decrease in Average Sold to List Price
In February 2025, the average sold to list price for an Austin condo was 96.48% compared to 97.05% in February 2024, showing an 0.6% decrease in year over year comparisons. Last month, the average sold to list price was 96.58%, showing an 0.1% decrease in month over month comparisons.
4% Decrease in Median Time to Sell
In February 2025, the median time to sell a condo in Austin was 70 days compared to 73 days in February 2024, showing a 4% decrease in year over year numbers. Last month the median time to sell a condo in Austin was 75 days, showing a 6.7% decrease in month over month comparisons.
17.5% Decrease in Median Price Per Square Foot
In February 2025, the median price per square foot for a condo in Austin was $293 compared to $355 in February 2024, showing a 17.5% decrease in year over year numbers. Last month the median price per square foot was $342, showing a 14.3% decrease in month over month comparisons.
19% Decrease in Total Sales Volume
In February 2025, the total sales volume for condos in Austin was $66,838,062 compared to $82.53MM in February 2024, showing a 19% decrease in year over year numbers. Last month the total sales volume for condos in Austin was $60.74MM showing a 10% increase in month over month comparisons.
26.5% Increase in Months Supply of Inventory
In February 2025, there were 6.83 months of inventory on the Austin condo market compared to 5.4 months in February 2024, showing a 26.5% increase in year over year numbers. Last month there were 6.2 months of inventory on the Austin condo market, showing a 10.2% increase in month over month comparisons.
9.3% Increase in Number of New Pending Listings
In February 2025, there were 166 condos that accepted a contract compared to 183 condos in February 2024, showing a 9.3% increase in year over year numbers. Last month, there were 144 condos that accepted a contract, showing a 15.3% increase in month over month comparisons.
7.2% Decrease in Median Active List Price
In February 2025, the median active list price for a condo in Austin was $450,000 compared to $485,000 in February 2024, showing a 7.2% decrease in year over year numbers. Last month, the median active list price was $439,000, showing a 2.5% increase in month over month comparisons.
7.3% Decrease in Number of New Condo Listings
In February 2025, there were 408 condos introduced to the market in Austin compared to 440 in February 2024, showing a 7.3% decrease in year over year numbers. Last month there were 386 condos introduced to the market, showing a 5.7% increase in month over month comparisons.
17.1% Increase in Number of Active Condo Listings
In February 2025, there were 1,118 condos actively listed on the market compared to 955 in February 2024, showing a 17.1% increase in year over year numbers. Last month, there were 1,020 condos actively listed on the market, showing a 9.3% increase in month over month comparisons.
February 2025 Austin Condo Numbers
In February 2025, there were 131 condos and townhomes that sold in Austin. Condos ranged in size from 410-3,514 sq ft with 0-4 bedrooms and 1-5 bathrooms. The most expensive condo that sold in Austin sold for $4,753,000 and the least expensive condo sold for $98,500. It took, on average, 92 days to sell a condo in Austin and sellers received, on average, 91.74% of their original list prices. The average price per square foot of a condo sold in Austin in February 2025 was $353.54.
| | Bed | Bath | SqFt | List $ | LP/SqFt | Sold $ | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 0 | 1 | 410 | $109,000 | $178.47 | $98,500 | $166.67 | 86% | 59% | 0 |
| Max | 4 | 5 | 3,514 | $5,000,000 | $1,422.88 | $4,753,000 | $1,352.59 | 103% | 103% | 419 |
| Avg | 2 | 2 | 1,412 | $529,737 | $367.15 | $508,978 | $353.54 | 96.52% | 91.74% | 92 |
| Med | 2 | 2 | 1,376 | $410,000 | $307.32 | $402,000 | $293.15 | 97% | 94% | 65 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | February 2025 |
| Property Type | Condos & Townhomes | Number Sold | 131 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
As we always say, the time to buy or sell a condo in Austin is when it’s right for you. Trying to time your condo purchase or sale for the market is next to impossible. The only way to know we’ve hit the peak or the bottom of the market is when it’s behind us. The most important factor in the decision to purchase is are you financially and emotionally ready to own a condo? Work with professionals who can help you wade through your finances and living situation and help you make an informed decision.
If you’re looking strictly at the numbers – it’s time to buy. With nearly 7 months of inventory on the Austin condo market, buyers will have their pick of several units that likely will match their criteria. With more choices, it’s not so important that you get a specific unit and can test the market to see which sellers are willing to come off their list prices. Median price has come down 5.4%, meaning you’ll be paying less than you would have been at this time last year. Time to sell is down 4%, which tells us buyers are a little more motivated to make offers. We did see a 9.3% increase in number of new pending listings, so buyers are seeing the opportunity of today’s market and acting on it.
If you need to sell, know you’re still able to do that if you have patience and persistence. Be prepared for buyers to change their mind and get through all the contingencies before you determine your unit is sold. That being said, buyers are still out there and they’re making strong offers for units they feel stand out. Make your condo stand out as a value compared to the competition and you will be successful at getting an offer. Remember, positioning your condo as a value doesn’t just mean pricing lower. If you’re looking to sell a condo in Austin, spend some time preparing your condo to meet the market. The best condos are still selling quickly and for more money than they were last year. With some preparation and market appropriate pricing, you’ll have no trouble finding a buyer. Check out our Condo Marketing Plan, which we know is the best in Austin for how our team will sell your home faster and for more money than any other team in Austin.
If you’re looking to buy, be clear on what you want so you can be quick to move an offer if you find something that fits. Don’t wait until the weekend to check out listings in person. If you can, set alerts and get inside condos of interest early, you might just beat out the competition. Buyers have become complacent and are waiting to see condos thinking they have time. If you can beat them to the punch and make offers, you will face less competition than if you waited. Make house hunting a priority and you’ll have some extra time to make a decision. If you’re looking to buy, our team of experienced buyer’s agents can help you find the right condo in the right complex for you and your family. Because we know the market, we’re also pretty good at negotiating good deals as well. Check out our Austin Home Buyer Representation Program for more info about how we’ll consult you to a thoughtful purchase, rather than hard sell you the first condo we see.
Questions About the February 2025 Austin Condo Price Report?
Do you have questions about our February 2025 Austin Condo Price Report? Looking to buy or sell a condo or townhome in Austin? 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’
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