Eleven Oaks Realty is proud to present their June 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 June 2025.
The Austin Multi Family Market is a Buyer’s Market
In June 2025, the Austin multi family real estate market was a buyer’s market again. There were 10.19 months of inventory on the market, down 0.97% in month over month comparisons. The average sold to list price was 94.6%, down 1.88% in month over month comparisons. The median time to sell a multi family property in Austin in June 2025 was 30 days, down 18.92% in month over month comparisons. the median sold price of an Austin multi family property in June 2025 was $616,000, up 21.74% in month over month comparisons.
3% Increase in Median Sold Price
In June 2025, the median sold price for a multi family property in Austin was $616,000 compared to $598,250 in June 2024, showing a 3% increase in year over year numbers. Last month the median sold price for a multi family property in Austin was $506,000, showing a 21.7% increase in month over month comparisons.
11.11% Increase in Number of Sold Properties
In June 2024, there were 20 multi family properties that sold in Austin compared to 18 in June 2023, showing an 11.11% increase in year over year numbers. Last month there were 11 multi family properties that closed escrow, showing an 81.8% increase in month over month comparisons.
2.8% Decrease in Average Sold to List Price
In June 2024, the average sold to list price was 94.63% compared to 97.37% in June 2023, showing a 2.8% decrease in year over year numbers. Last month the average sold to list price was 96.44%, showing a 1.9% decrease in month over month comparisons.
36.4% Increase in Median Time to Sell
In June 2024 the median sold price for a multi family property in Austin was 30 days compared to 22 days in June 2023, showing a 36.4% increase in year over year numbers. Last month the median time to sell a multi family property in Austin was 37 days, showing an 18.9% decrease in month over month comparisons.
13.2% Increase in Median Price Per Square Foot
In June 2025, the median price per square foot for a multi family property in Austin was $301 compared to $266 in June 2024, showing a 13.2% increase in year over year numbers. Last month the median price per square foot was $249, showing a 20.9% increase in month over month comparisons.
36.2% Increase in Total Sales Volume
In June 2025, the total sales volume for multi family properties that sold in Austin was $14,217,750 compared to $10.44MM in June 2024, showing a 36.2% increase in year over year numbers. Last month the total sales volume was $6.71MM, showing a 111.7% increase in month over month comparisons.
35.1% Increase in Months Supply of Inventory
In June 2025, there were 10.19 months of inventory on the market compared to 7.54 months in June 2024, showing a 35.1% increase in year over year numbers. Last month, there was 10.29 months of inventory on the Austin multi family market, showing a 1% decrease in month over month comparisons.
23.8% Increase in Number of New Pending Listings
In June 2025, there were 26 multi family properties that accepted a contract compared to 21 in June 2024, showing a 23.8% increase in year over year numbers. Last month there were also 21 homes that accepted a contract, showing a 23.8% increase in month over month comparisons.
12.6% Decrease in Median Active List Price
In June 2025, the median active list price for a multi family property in Austin was $625,000 compared to $714,950 in June 2024, showing a 12.6% decrease in year over year numbers. Last month the median active list price for multi family properties in Austin was $649,900, showing a 3.8% decrease in month over month comparisons.
5.1% Decrease in Number of New Multi Family Listings
In June 2025, there were 56 multi family properties introduced to the market compared to 59 in June 2024, showing a 5.1% decrease in year over year numbers. Last month there were 61 multi family properties introduced to the market, showing an 8.2% decrease in month over month comparisons.
17.7% Decrease in Number of Active Multi Family Listings
In June 2025, there were 219 multi family properties actively listed for sale in Austin compared to 186 in June 2024, showing a 17.7% increase in year over year numbers. Last month there were 217 multi family properties listed for sale in Austin, showing an 0.9% increase in month over month comparisons.
June 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 June 2025 Austin multi family sales below. The most expensive property that sold in June 2025 sold for $1,550,000 and the least expensive multi family property sold for $305,000. Multi family properties ranged in size from 1,596 sqft – 3,576 sqft with an average size of 2,335 sqft. The average price per square foot for a multi family property that sold in Austin in June 2025 was $307.34 with the lowest being $170.01/sqft and the highest being $552.78/sqft. It took, on average, 40 days to sell a multi family property in Austin and sellers received, on average, 91.45% of their original list prices.
| | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|
| Min | 1,596 | $335,000 | $183.24 | $305,000 | $170.01 | 81% | 73% | 0 |
| Max | 3,576 | $1,595,000 | $568.83 | $1,550,000 | $552.78 | 104% | 104% | 115 |
| Avg | 2,335 | $774,808 | $326.33 | $730,038 | $307.34 | 94.4% | 91.45% | 40 |
| Med | 2,084 | $672,500 | $318.00 | $647,500 | $301.02 | 95.5% | 93.5% | 23 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | June 2025 |
| Property Type | Multi Family | Number Sold | 20 |
| 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 3%, we saw a 35% increase in months supply of inventory and a 13% decrease in median active list price. Sellers are recognizing we are in a buyer’s market and are pricing to attract a buyer. Buyers have been able to negotiate nearly 9% off list price, on average. There was an 18% decrease in number of active listings, so the sellers that are listing are going to be more motivated. Buyer activity picked up this month, with a 24% increase in the number of new pending listings, showing there are buyers out there who are motivated for good deals. Time to sell was up 36%, so buyers are getting a little more time to make decisions. 40 days to sell, on average, is less than you’d expect in a typical buyer’s market, but with only 20 sales, it looks like buyers are choosing the best 20 and those have been on the market a shorter time than the ones that have been lingering. 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 June 2025 Austin Multi Family Real Estate Price Report?
Do you have questions about this June 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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