Eleven Oaks Realty is proud to present their May 2025 Austin Condo Price Report measuring activity in the Austin condo market. Our May 2025 Austin Condo Price Report covers all condominiums and townhomes in the City of Austin.
The Austin Condo Market is a Stronger Buyer’s Market
In May 2025, there were 10.52 months of inventory on the Austin condo market, showing a 4.78% increase in month over month comparisons. The average sold to list price for condos in Austin was 96.9%, showing an 0.08% increase in month over month comparisons. The median time to sell a condo in Austin was 42 days, showing no change in month over month comparisons. The median sold price of a condo in Austin was $409,475, showing an 0.33% decrease in month over month comparisons.
What does this mean for sellers? For sellers, the market requires strategic preparation and patience. With longer selling times and buyers expecting value, sellers need to price competitively and ensure their condos stand out. Proper staging, pricing, and marketing are key to attracting offers in this buyer-friendly environment.
What does this mean for buyers? For buyers, the May 2025 Austin Condo Price Report signals a favorable market. With a 3.8% year-over-year decrease in median sold prices and a 9.5% drop in active list prices, buyers have more options and negotiating power. The increased inventory and slower sales pace mean less competition, giving buyers time to find the right condo and potentially secure a better deal.
3.8% Decrease in Median Sold Price
In May 2025, the median sold price for a condo in Austin was $409,475 compared to $425,000 in May 2025, showing a 3.8% decrease in year over year numbers. Last month the median sold price was $410,850 showing an 0.3% decrease in month over month comparisons.
9.1% Decrease in Number of Sold Condos
In May 2025, there were 180 condos that sold compared to 198 in May 2024, showing a 9.1% decrease in year over year numbers. Last month, there were 160 condos that sold, showing a 12.5% increase in month over month comparisons.
0.86% Decrease in Average Sold to List Price
In May 2025, the average sold to list price was 96.94% compared to 97.78% in May 2024, showing an 0.86% decrease in year over year comparisons. Last month the average sold to list price was 96.86% showing an 0.1% increase in month over month numbers.
40% Increase in Median Time to Sell
In May 2025, the median time to sell a condo in Austin was 42 days compared to 30 days in May 2024, showing a 40% increase in year over year numbers. Last month the median time to sell a condo in Austin was 42 days showing no change in month over month comparisons.
1.6% Decrease in Median Price Per Square Foot
In May 2025, the median price per square foot for a condo in Austin was $368 compared to $374 in May 2024, showing a 1.6% decrease in year over year numbers. Last month the median price per square foot was $360 showing a 2.2% increase in month over month comparisons.
8.8% Decrease in Total Sales Volume
In May 2025, the total sales volume for condos in Austin was $99,341,735 compared to $108.9MM in May 2024, showing an 8.8% decrease in year over year numbers. Last month the total sales volume was $85.88MM, showing a 15.7% increase in month over month comparisons.
28.6% Increase in Months Supply of Inventory
In May 2025, there was 10.52 months supply of inventory on the market compared to 8.18 months in May 2024, showing a 28.6% increase in year over year numbers. Last month, there was 10.04 months of inventory on the market showing a 4.8% increase in month over month comparisons.
6.6% Increase in Number of New Pending Listings
In May 2025, there were 211 condos that accepted a contract compared to 198 in May 2024, showing a 6.6% increase in year over year numbers. Last month there were 183 condos that accepted a contract, showing a 15.3% increase in month over month comparisons.
9.5% Decrease in Median Active List Price
In May 2025, the median active list price for a condo in Austin was $429,900 compared to $474,950 in May 2024, showing a 9.5% decrease in year over year comparisons. Last month the median active list price for condos in Austin was $430,000 showing no change in month over month comparisons.
9.7% Decrease in Number of New Listings
In May 2025, there were 534 condos introduced to the market compared to 487 in May 2024, showing a 9.7% decrease in year over year numbers. Last month there were 552 condos introduced to the market, showing a 3.3% decrease in month over month comparisons.
17.4% Increase in Number of Active Condos
In May 2025, there were 1,667 condos actively for sale compared to 1,420 in May 2024, showing a 17.4% increase in year over year numbers. Last month there were 1,580 condos for sale, showing a 5.6% increase in month over month comparisons.
May 2025 Austin Condo Numbers
In May 2025, there were 182 condos and townhomes that sold in Austin. Condos ranged in size from 376-5,050 sq ft with 0-6 bedrooms and 1-5 bathrooms. The most expensive condo that sold in Austin sold for $6,970,000 and the least expensive condo sold for $100,000. It took, on average, 69 days to sell a condo in Austin and sellers received, on average, 92.87% of their original list prices. The average price per square foot of a condo sold in Austin in May 2025 was $390.94.
| | Bed | Bath | SqFt | List $ | LP/SqFt | Sold $ | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 0 | 1 | 376 | $105,000 | $108.92 | $100,000 | $103.73 | 83% | 58% | 0 |
| Max | 6 | 5 | 5,050 | $8,250,000 | $1,633.66 | $6,970,000 | $1,425.86 | 106% | 106% | 411 |
| Avg | 2 | 2 | 1,381 | $584,834 | $406.12 | $557,482 | $390.94 | 96.96% | 92.87% | 69 |
| Med | 2 | 2 | 1,247 | $425,000 | $386.98 | $417,250 | $371.78 | 98% | 95% | 36 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | May 2025 |
| Property Type | Condos & Townhomes | Number Sold | 182 |
| 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 4% and there was a 9% decrease in condo sales in May, meaning more choices and les money spent. Sellers are getting the message and are reducing their list prices by 9.5% from last year. They’re trying to compete to get an offer, something we haven’t seen in years. This spring has proven to be one of the slowest we’ve seen in the last several years for the Austin condo market. Though the number of pending sales is up, I don’t think we’re going to see this rebound next month. Sellers are starting to feel the pinch and given the calendar shows June, they’re going to start making deals for fear if they don’t, they won’t get their units sold. 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 May 2025 Austin Condo Price Report?
Do you have questions about our May 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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