Eleven Oaks Realty is proud to present their May 2025 Austin Real Estate Price Report measuring activity in the single family home market.
The Austin Real Estate Market Has Crossed Over to a Balanced Market!
For the first time in years, the Austin real estate market crossed over into a balanced market during what should be the height of the busy season. In May 2025, there was 5.78 months of inventory on the market, up 6.45% from last month’s numbers, showing a balanced market. The average sold to list price was 97.4%, down 0.5% in month over month numbers. The median time to sell a home in Austin in May 2025 was 27 days, up 8% in month over month comparisons. The median sold price in May 2025 was $630,000, up 1.76% in month over month comparisons.
What does this mean for sellers? The market is slowly shifting towards buyers. Though it’s not a buyer’s market, we are seeing more sellers make concessions and have to do more to stand out to make their homes appealing to the buyers that are out there. Sellers who prepare their homes to meet the market, consider staging and price their homes appropriately are getting homes sold faster than those who don’t make any preparations. Buyers today are scrutinizing every inch of the homes they buy and they’re comparing your home to every other home on the market to be sure they pick the one that works best for them. Most can’t visualize empty spaces, so if you have a vacant house, it’s extremely important to consider staging. In this market, it’s more important than ever to work with professionals (Realtors, stagers, repair people, inspectors) who can help you make your home stand out against the competition.
What does this mean for buyers? This is the first month we’ve seen a decrease in median sold price in year over year numbers in a long time. Though only 0.5%, it’s still a decrease. For buyers who have been waiting to have a shot in this market, this spring might be your chance. Sellers showed up ready to get their homes sold and buyers have been holding back. Homes that were listed in early spring that have been just waiting on a buyer are getting a little nervous. Sellers who need to get their homes sold and move on are going to start to make concessions and accept lower offers than they thought they’d have to when they listed. Buyers who make offers and negotiate hard just might find themselves getting a great deal.
0.51% Decrease in Median Sold Price
In May 2025, the median sold price of a single family home in Austin was $630,000 compared to $633,230 in May 2024 showing an 0.51% decrease in year over year numbers. Last month the median sold price of a single family home in Austin was $619,080, showing a 1.8% increase in month over month comparisons.
9.9% Decrease in Number of Sold Homes
In May 2025, there were 767 homes that sold compared to 851 homes in May 2024, showing a 9.9% increase in year over year numbers. Last month there were 692 homes that sold, showing a 10.8% increase in month over month comparisons.
0.5% Decrease in Average Sold to List Price
In May 2025, the average sold to list price for single family homes in Austin was 97.36% compared to 97.87% in May 2024, showing an 0.5% decrease in year over year numbers. Last month the average sold price to list price was 97.85% showing an 0.5% in year over year comparisons.
23% Decrease in Median Time to Sell
In May 2025, the median time to sell a home in Austin was 27 days compared to 22 days in May 2024, showing a 23% decrease in year over year numbers. Last month the median time to sell a single family home was 25 days, showing an 8% increase in month over month comparisons.
1.9% Decrease in Median Price Per SqFt
In May 2025, the median price per square foot of a single family home in Austin was $307 compared to $313 in May 2024, showing a 1.9% decrease in year over year numbers. Last month the median price per square foot was $312, showing a 1.6% decrease in month over month comparisons.
8.4% Decrease in Total Sales Volume
In May 2025, the total sales volume of single family homes in Austin was $650,176,177 compared to $709.96MM in May 2024, showing an 8.4% decrease in year over year numbers. Last month the total sales volume was $581.18MM, showing an 11.9% increase in month over month comparisons.
17.5% Increase in Months Supply of Inventory
In May 2025, there were 5.78 months of inventory on the Austin real estate market compared to 4.92 months in May 2024 showing a 17.5% increase in year over year numbers. Last month there were 5.43 months of inventory on the Austin real estate market showing a 6.4% increase in month over month numbers.
7.5% Increase in Number of New Pending Listings
In May 2025, there were 878 single family homes that accepted a contract compared to 817 in May 2024, showing a 7.5% increase in year over year numbers. Last month there were 796 homes that accepted a contract showing a 10.3% increase in month over month comparisons.
3.6% Decrease in Median Active List Price
In May 2025, the median active list price for single family homes in Austin was $699,000 compared to $725,000 in May 2024, showing a 3.6% decrease in year over year numbers. Last month the median active list price was $724,640 showing a 3.5% decrease in month over month numbers.
5.2% Increase in Number of New Listings
In May 2025, there were 1,609 homes introduced to the market compared to 1,530 homes in May 2024, showing a 5.2% increase in year over year numbers. Last month, there were 1,870 homes introduced to the market showing a 14% decrease in month over month comparisons.
12.8% Increase in Number of Active Listings
In May 2025, there were 3,857 homes on the market compared to 3,420 homes in May 2024, showing a 12.8% increase in year over year numbers. Last month there were 3,580 homes on the market showing a 7.7% increase in month over month comparisons.
May 2025 Austin Real Estate Price Report – Strictly Numbers
For those of you who prefer to see the actual numbers, we’ve included the figures for May 2025 Austin home sales below. The most expensive home that sold in May 2025 sold for $10,903,000 and the least expensive home sold for $150,000. Homes ranged in size from 672 sqft – 10,138 sqft with an average size of 2,367 sqft. The average price per square foot for a home that sold in Austin in May 2025 was $350.17 with the lowest being $132.98/sqft and the highest being $1,268.82/sqft. It took, on average, 42 days to sell a home in Austin and sellers received, on average, 94.96% of their original list prices.
| Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 1 | 1 | 672 | $175,000 | $137.92 | $150,000 | $132.98 | 77% | 53% | 0 |
| Max | 9 | 9 | 10,138 | $12,995,000 | $1,512.28 | $10,903,000 | $1,268.82 | 123% | 123% | 429 |
| Avg | 4 | 3 | 2,367 | $886,372 | $361.43 | $851,686 | $350.17 | 97.37% | 94.96% | 42 |
| Median | 3 | 3 | 2,136 | $649,950 | $310.59 | $642,500 | $305.52 | 98% | 97% | 20 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | May 2025 |
| Property Type | Single Family Homes | Number Sold | 717 |
| Source: | ABoR Sales Data | Area | Austin |
Time to Buy? Sell?
As we always say, the best time to buy or sell a home is when you need to buy or sell. If you have a house to buy, buying when its a sellers market may hurt you on the buying end, but you’ll make it up on the selling end. If you’re trying to get into the market for the first time, the only way you’ll know that we’ve “hit bottom” is when its in the rear view mirror. Work with professionals who can help you analyze your financial and lifestyle to determine if now is the right time to buy or sell.
If you’re looking strictly at the numbers – it’s time to buy. Though still a balanced market versus a buyer’s market, this is the furthers we’ve seen the pendulum shift towards buyers in years. Spring is typically the busiest time of year for buyer activity and this year that’s not the case. Sellers anticipated it would be busy and got their homes listed but the buyers aren’t coming in the numbers they have been in years past. With a 10% decrease in number of sold homes and an 5% increase in new listings, buyers have more choices and less competition. Sellers are also getting about 2.5% less than what they’re asking for, so there is room to negotiate.
If you’re looking to buy, get with a knowledgeable mortgage broker who can guide you to getting the lowest interest rate possible. We are already seeing some sections of town that are experiencing multiple offers and we expect home buying will resume in full force as we head deeper into spring. Take advantage of lower demand now and get in before the masses come out and we’re in multiple offer situations all over the city. The best homes are still selling quickly, so you don’t want to wait too long once you see a home listed that you like. If you’re looking to buy, we can help you be successful. We have experienced several market shifts in our careers and know how to navigate them. For more info about buying a home, visit Buy a Home in Austin.
If you need to sell, remember homes are still selling with median prices only down 0.5% from last year. The median time to sell is 27 days, which means some homes are selling quickly. Prepare your home to meet a buyer so it presents in the best light possible. Then, price your home for today’s market, not for 2022’s, and you’ll end up getting more. If you’re a seller who needs to sell now, work with a professional Realtor who can help you position your home as the best value on the market. 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. For more info about our Home Selling Program and why it is the best in Austin, check out Sell My Austin Home.
Questions About the May 2025 Austin Real Estate Price Report?
Do you have questions about our May 2025 Austin 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.
Leave a Reply