Eleven Oaks Realty is proud to present their March 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 March 2025.
The Austin Multi Family Market is a Buyer’s Market
In March 2025, there was 7.28 months of inventory on the Austin multi family market, up 21.74% in year over year numbers. The average sold to list price was 95.1%, down 1.08% in month over month comparisons. The median time to sell a multi family property in Austin was 31 days, down 49.18% in month over month comparisons. The median sold price of a multi family property in Austin in March 2025 was $489,900, down 2% in month over month comparisons.
9.4% Decrease in Median Sold Price
The median sold price of a multi family property in Austin was $489,900 in March 2025 compared to $541,000 in March 2024, showing a 9.4% decrease in year over year numbers. Last month, the median sold price was $499,900 showing a 2% decrease in month over month comparisons.
4.5% Increase in Number of Multi Family Property Sales
In March 2025, there were 23 multi family properties that sold compared to 22 multi family properties in March 2024, showing a 4.5% increase in year over year numbers. Last month, there were 13 multi family properties that sold, showing a 76.9% increase in month over month numbers.
2.5% Decrease in Average Sold to List Price
In March 2025, the average sold to list price was 95.1% compared to 97.57% in March 2024, showing a 2.5% decrease in year over year numbers. Last month, the average sold to list price for multi family properties was 96.14%, showing a 1.1% decrease in month over month comparisons.
67% Decrease in Median Time to Sell
In March 2025, the median time to sell a multi family home in Austin was 31 days compared to 94 days in March 2024, showing a 67% decrease in year over year numbers. Last month the median time to sell was 61 days, showing a 49.2% decrease in month over month comparisons.
6.4% Decrease in Median Price Per Square Foot
In March 2025, the median price per square foot for a multi family property in Austin was $235 compared to $251 in March 2024, showing a 6.4% decrease in year over year numbers. Last month the median price per square foot for a multi family property in Austin was $234, showing an 0.4% increase in month over month comparisons.
16.5% Decrease in Total Sales Volume
In March 2025, the total sales volume for multi family properties in Austin was $13,008,800 compared to $15.58MM in March 2024, showing a 16.5% decrease in year over year numbers. Last year the total sales volume was $6.66MM, showing a 95.3% increase in month over month comparisons.
33.3% Increase in Months Supply of Inventory
In March 2025, there was 7.28 months of inventory on the market compared to 5.46 months in March 2024, showing a 33.3% increase in year over year numbers. Last month there was 5.98 months of inventory on the Austin multi family market, showing a 21.7% increase in month over month comparisons.
30% Decrease in Number of New Pending Listings
In March 2025, there were 23 multi family properties that accepted a contract compared to 33 in March 2024, showing a 30% decrease in year over year numbers. Last month, there were 30 multi family properties that accepted a contract, showing a 23.3% decrease in month over month comparisons.
0.74% Decrease in Median Active List Price
In March 2025, the median active list price for a multi family property in Austin was $671,000 compared to $675,000 in March 2024, showing an 0.74% decrease in year over year numbers. Last month the median active list price was $650,000, showing a 3.2% increase in month over month comparisons.
3.33% Increase in Number of New Multi Family Listings
In March 2025, there were 62 multi family properties introduced to the market compared to 60 multi family properties in March 2024, showing a 3.33% increase in year over year numbers. Last month, there were 46 multi family properties that were introduced to the market, showing a 34.8% increase in month over month numbers.
29.2% Increase in Number of Active Listings
In March 2025 there were 168 multi family properties actively listed for sale compared to 130 multi family properties in March 2024, showing a 29.2% increase in year over year numbers. Last month, there were 143 multi family properties actively listed for sale, showing a 17.5% increase in month over month comparisons.
March 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 March 2025 Austin multi family sales below. The most expensive property that sold in March 2025 sold for $1,200,000 and the least expensive multi family property sold for $282,000. Multi family properties ranged in size from 1,200 sqft – 4,588 sqft with an average size of 2,346 sqft. The average price per square foot for a multi family property that sold in Austin in March 2025 was $258.04 with the lowest being $156.14/sqft and the highest being $500/sqft. It took, on average, 62 days to sell a multi family property in Austin and sellers received, on average, 92.96% of their original list prices.
| | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|
| Min | 1,200 | $350,000 | $164.89 | $282,000 | $156.14 | 71% | 68% | 5 |
| Max | 4,588 | $1,250,000 | $520.83 | $1,200,000 | $500 | 101% | 101% | 307 |
| Avg | 2,346 | $592,336 | $271.52 | $563,952 | $258.04 | 95.04% | 92.96% | 62 |
| Med | 2,035 | $518,000 | $234.04 | $489,900 | $232.03 | 96% | 96% | 24 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | March 2025 |
| Property Type | Multi Family | Number Sold | 25 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
Looking strictly at the numbers, it’s time to buy! Median price is down 9% and inventory is up 33% so buyers have more choices and will pay less. There is a 29% increase in the number of active listings, showing sellers are still reasonably confident they’ll be able to sell their multi family properties despite being in a buyers market. Buyers slowed down this month, with a 30% decrease in the number of new pending listings, which explains the increase in inventory and listings. Time to sell was down 67%, but that isn’t as shocking of a number given March 2024 had one of the market’s all time high median time to sell figures. 31 days is more of a seller’s market median time to sell number, so it shows there are a group of multi family listings that are desirable and are being snatched up faster while the other properties linger. 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 March 2025 Austin Multi Family Real Estate Price Report?
Do you have questions about this March 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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