Eleven Oaks Realty is proud to present their January 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 January 2025.
The Austin Multi Family Market is a Balanced Market
In January 2025, there were 6.31 months of inventory on the Austin multi family real estate market, showing an 0.8% increase in month over month comparisons. The average sold price to list price was 94.4%, showing a 2.58% decrease in month over month comparisons. The median time to sell a multi family property in Austin was 54 days, showing a 14.29% decrease in month over month comparisons. The median sold price for a multi family property in Austin was $634,000, showing a 30.72% increase in month over month comparisons.
9.3% Increase in Median Sold Price
In January 2025, the median sold price of a multi family property in Austin was $634,000 compared to $580,000 in January 2024, showing a 9.3% increase in year over year comparisons. Last month the median sold price was $485,000, showing a 30.7% increase in month over month numbers.
11.7% Decrease in Number of Sold Properties
In January 2025, there were 15 multi family properties that closed escrow compared to 17 in January 2024, showing an 11.7% decrease in year over year comparisons. Last month there were 25 multi family properties that sold, showing a 40% decrease in month over month numbers.
5.6% Decrease in Average Sold to List Price
In January 2025, the average sold to list price for a multi family property in Austin was 94.41% compared to 100.06% in January 2024, showing a 5.6% decrease in year over year numbers. Last month the average sold to list price for a multi family property in Austin was 96.91%, showing a 2.6% decrease in month over month comparisons.
40% Decrease in Median Time to Sell
In January 2025, the median time to sell a multi family property in Austin was 54 days compared to 90 days in January 2024, showing a 40% decrease in year over year numbers. Last month the median time to sell a multi family property in Austin was 63 days, showing a 14.3% decrease in month over month comparisons.
8.8% Decrease in Median Price Per Square Foot
In January 2025, the median price per square foot of a multi family property in Austin was $238 compared to $261 in January 2024, showing an 8.8% decrease in year over year numbers. Last month the median price per square foot of a multi family property in Austin was $252, showing a 5.6% decrease in month over month comparisons.
2% Decrease in Total Sales Volume
The total sales volume for Austin multi family properties in January 2025 was $11,598,330 compared to $11.83MM in January 2024, showing a 2% decrease in year over year comparisons. Last month the total sales volume was $14.12MM, showing a 17.9% decrease in month over month comparisons.
21.3% Increase in Months Supply of Inventory
In January 2025, there were 6.31 months of inventory on the Austin multi family market compared to 5.2 months in January 2024, showing a 21.3% increase in year over year numbers. Last month, there were 6.26 months of inventory on the Austin multi family market, showing an 0.8% increase in month over month comparisons.
25% Increase in Number of New Pending Listings
In January 2025, there were 25 multi family properties that accepted a contract in Austin compared to 20 in January 2024, showing a 25% increase in year over year numbers. Last month, there were also 25 multi family properties that accepted a contract, showing no change in month over month comparisons.
3.4% Decrease in Median Active List Price
In January 2025, the median active list price for a multi family property in Austin was $675,000 compared to $699,000 in January 2024, showing a 3.4% decrease in year over year numbers. Last month, the median active list price for a multi family property in Austin was also $675,000 showing no change in month over month comparisons.
11.7% Increase in Number of New Multi Family Listings
In January 2025, there were 57 multi family properties introduce to the market compared to 51 in January 2024, showing an 11.7% increase in year over year numbers. Last month, there were 27 multi family properties introduced to the market, showing a 111.1% increase in month over month comparisons.
31% Increase in Number of Active Multi Family Listings
In January 2025, there were 151 multi family properties listed on the market compared to 115 in January 2023, showing a 31% increase in year over year numbers. Last month, there were 153 multi family properties that were listed on the Austin multi family market, showing a 1.3% decrease in month over month comparisons.
January 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 January 2025 Austin multi family sales below. The most expensive property that sold in January 2025 sold for $2,500,000 and the least expensive multi family property sold for $325,000. Multi family properties ranged in size from 1,408 sqft – 5,112 sqft with an average size of 2,392 sqft. The average price per square foot for a multi family property that sold in Austin in January 2025 was $293.94 with the lowest being $131.85/sqft and the highest being $552.53/sqft. It took, on average, 74 days to sell a multi family property in Austin and sellers received, on average, 91.35% of their original list prices.
| | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|
| Min | 1,408 | $375,000 | $152.13 | $325,000 | $131.85 | 85% | 80% | 1 |
| Max | 5,112 | $2,600,000 | $549.70 | $2,500,000 | $552.53 | 104% | 104% | 223 |
| Avg | 2,392 | $768,382 | $308.37 | $731,519 | $293.94 | 94.82% | 91.35% | 74 |
| Med | 2,115 | $650,000 | $257.20 | $625,000 | $244.70 | 96% | 92% | 32 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | January 2025 |
| Property Type | Multi Family | Number Sold | 17 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
Looking strictly at the numbers, it appears the recommendation for this month is – it’s time to buy. With just over 6 months of inventory we are in a balanced market. If you’ve been reading our reports you know we have been in a buyer’s market for months. Though we are not quite at a buyer’s market now, we are near enough to one for buyer’s to see the benefits. Though median price is up 9%, it might be more of a factor of what multi family properties sold this month than an overall trend int eh market. With only 17 properties to calculate the data, it’s not super significant. If you look at price per square foot, we did see that come down 9%. Again, not a reliable predictor of pricing with only 17 sales, but still an indicator that buyers today are paying a bit less. Inventory is up 31% so buyers do have more choices. However, the market is also showing strong signs for sellers with a 25% increase in number of new pending listings. It will be interesting to see what next month brings. Buyers are a little more under the gun to get their pre-approvals done and get out shopping before things get busier. Sellers who want to take advantage of the historically stronger spring market should get their properties ready to sell now. Both buyers and sellers could see some advantages to the market we are currently in.
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 January 2025 Austin Multi Family Real Estate Price Report?
Do you have questions about this January 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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