Eleven Oaks Realty is proud to present their April 2025 Austin Condo Price Report measuring activity in the Austin condo market. Our April 2025 Austin Condo Price Report covers all condominiums and townhomes in the City of Austin.
The Austin Condo Market is a Buyer’s Market
As inventory rises, the Austin condo market leaned in to an even stronger buyer’s market. In April 2025, the Austin condo market had 9.97 month of inventory, showing a 13.42% increase in month over month numbers. The average sold to list price was 96.9%, up 0.55% in month over month numbers. The median time to sell a condo in Austin was 41 days, down 12.77% in month over month comparisons. The median sold price of an Austin condo in April 2025 was $418,000, showing a 1.88% decrease in month over month numbers.
What does this mean for sellers? Sellers are going to need to make their units stand out as a value so they can attract a buyer. With fewer buyers in the market and median price down 8.5%, sellers are having to offer incentives, lower prices and ensure their condos are in top shape. Condos are still selling, but they are usually the ones in the best condition and priced the most competitively. Otherwise, they’re sitting and buyers are simply waiting for more inventory to come online. There seems to be no urgency for condo buyers today. Unless they see a condo that meets all their requirements, in good condition and price right, they’re just simply not acting.
What does this mean for buyers? If you’re in the market to buy a condo in Austin, now might be one of the best market’s we’ve seen for buyers in years. With inventory at nearly 10 months and median prices down 8.5%, buyers have choices and are able to negotiate better deals. The median time to sell is 41 days, which shows new listings aren’t lasting too long if they’re priced right and in good condition. You don’t want to casually look at new listings every now and then because you might miss a good opportunity. Stay on top of your condo search and you’ll find the right unit for you. With the right buyer’s agent, you’ll also likely get a great price and be able to negotiate favorable terms.
8% Decrease in Median Sold Price
In April 2025, the median sold price of a condo in Austin was $418,000 compared to $454,000 in April 2024, showing an 8% decrease in year over year numbers. Last month the median sold price was $426,030, showing a 1.9% decrease in month over month comparisons.
23% Decrease in Number of Sold Condos
In April 2025, there were 152 condos that sold in Austin compared to 197 in April 2024, showing a 23% decrease in year over year numbers. Last month there were 142 condos that sold in Austin showing a 7% increase in month over month comparisons.
0.5% Decrease in Average Sold to List Price
In April 2025, the average sold to list price for a condo in Austin was 96.9% compared to 97.43% in April 2024, showing an 0.5% decrease in year over year comparisons. Last month the average sold to list price for Austin condos was 96.37%, showing an 0.5% increase in month over month numbers.
2.4% Decrease in Median Time to Sell
In April 2025, the median time to sell a condo in Austin was 41 days compared to 42 days in April 2024, showing a 2.4% decrease in year over year numbers. Last month the median time to sell was 47 days, showing a 12.8% decrease in month over month comparisons.
2.5% Increase in Median Price Per Square Foot
In April 2025 the median price per square foot for a condo in Austin was $366 compared to $357 in April 2024, showing a 2.5% increase in year over year numbers. Last month the median price per square foot was $334, showing a 9.6% increase in month over month comparisons.
25% Decrease in Total Sales Volume
In April 2025, the total sales volume for Austin condos was $81,902,866 compared to $108.66MM in April 2024, showing a 25% decrease in year over year numbers. Last month the total sales volume for condos in Austin was $78.78MM showing a 4% increase in month over month comparisons.
39.2% Increase in Months Supply of Inventory
In April 2025, there was 9.97 months of inventory on the Austin condo market compared to 7.16 months in April 2024, showing a 39.2% increase in year over year numbers. Last month there was 8.79 months of inventory on the Austin condo market showing a 13.4% increase in month over month comparisons.
10.1% Decrease in Number of New Pending Condo Listings
In April 2025, there were 187 condos that accepted a contract compared to 208 condos in April 2024, showing a 10.1% decrease in year over year numbers. Last month there were 167 condos that accepted a contract showing a 12% increase in month over month comparisons.
7.6% Decrease in Median Active List Price
In April 2025, the median active list price for a condo in Austin was $439,000 compared to $475,000 in April 2024, showing a 7.6% decrease in year over year numbers. Last month the median active list price was $435,000 showing an 0.9% increase in month over month comparisons.
13.4% Increase in Number of New Condo Listings
In April 2025, there were 557 condos introduced to the market compared to 491 condos in April 2024, showing a 13.4% increase in year over year numbers. Last month there were 516 condos listed on the market showing a 7.9% increase in month over month comparisons.
24% Increase in Number of Active Listings
In April 2025, there were 1,561 condos actively listed on the Austin condo market compared to 1,260 in April 2024, showing a 24% increase in year over year numbers. Last month there were 1,390 condos actively listed for sale showing a 12.1% increase in month over month comparisons.
April 2025 Austin Condo Numbers
In April 2025, there were 157 condos and townhomes that sold in Austin. Condos ranged in size from 300-3,533 sq ft with 0-5bedrooms and 1-5 bathrooms. The most expensive condo that sold in Austin sold for $2,028,312 and the least expensive condo sold for $160,000. It took, on average, 63 days to sell a condo in Austin and sellers received, on average, 94.12% of their original list prices. The average price per square foot of a condo sold in Austin in April 2025 was $385.43.
| | Bed | Bath | SqFt | List $ | LP/SqFt | Sold $ | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 0 | 1 | 300 | $160,000 | $150.94 | $160,000 | $150.94 | 75% | 52% | 0 |
| Max | 5 | 5 | 3,563 | $2,240,000 | $1,167.88 | $2,028,312 | $1,074.92 | 106% | 107% | 384 |
| Avg | 2 | 2 | 1,415 | $563,846 | $399.18 | $542,636 | $385.43 | 96.87% | 94.12% | 63 |
| Med | 2 | 2 | 1,252 | $429,500 | $380.84 | $421,000 | $360.83 | 97% | 96% | 36 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | April 2025 |
| Property Type | Condos & Townhomes | Number Sold | 157 |
| 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. Median price was down 8.5% and there was a 23% decrease in condo sales in April, meaning more choices and les money spent. Sellers are getting the message and are reducing their list prices by 7.5% from last year. They’re trying to compete to get an offer, something we haven’t seen in years. Spring is supposed to be the busiest time of year where inventory shrinks. This year it’s rising. If this continues, sellers will be even more motivated to make deals so they can move on. Get pre-approved now and figure out what you’re looking for in a condo so you’ll be ready when the right unit is listed.
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. 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 April 2025 Austin Condo Price Report?
Do you have questions about our April 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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