Eleven Oaks Realty is proud to present their May 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 May 2025.
The Austin Multi Family Market is Again a Buyer’s Market
In May 2025, there were 10.19 months of inventory on the Austin multi family market, showing a 6.81% increase in month over month comparisons. The average sold to list price was 96.8%, showing a 1.7% increase in month over month comparisons. The median time to sell a multi family property in Austin was 52 days, up 225% in month over month comparisons. The median sales price was $553,000, down 13.05% in month over month comparisons.
1.8% Increase in Median Sold Price
In May 2025, the median sold price of a multi family property in Austin was $553,000 compared to $543,000 in May 2024, showing a 1.8% increase in year over year numbers. Last month, the median price was $636,000 showing a 13.1% decrease in month over month comparisons. With only 10 properties that sold this month, it’s hard to really confirm this is a statistically relevant decrease, or if just lower priced duplexes sold compared to the higher priced that we saw last month.
76% Decrease in Number of Sold Listings
In May 2025, there were 10 multi family properties that sold compared to 42 in May 2024, showing a 76% decrease in year over year numbers. Last month, there were 18 multi family properties that sold, showing a 44.4% decrease in month over month comparisons.
0.4% Increase in Average Sold to List Price
In May 2025, the average sold to list price was 96.75% compared to 96.35% in May 2024, showing an 0.4% increase in year over year comparisons. Last month the average sold to list price was 95.13%, showing a 1.7% increase in month over month comparisons.
21% Increase in Median Time to Sell
In May 2025, the median time to sell a multi family property in Austin was 52 days compared to 43 days in May 2024, showing a 21% increase in year over year numbers. Last month the median time to sell a multi family property in Austin was 16 days, showing a 225% increase in month over month comparisons.
13% Decrease in Median Price Per Square Foot
In May 2025, the median price per square foot for a multi family property in Austin was $245 compared to $282 in May 2024, showing a 13% decrease in year over year comparisons. Last month the median price per square foot was $250, showing a 2% decrease in month over month comparisons.
78% Decrease in Total Sales Volume
In May 2025, the total sales volume for multi family properties in Austin was $6,294,728 compared to $28.65MM in May 2024, showing a 78% decrease in year over year numbers. Last month the total sales volume for multi family properties in Austin was $12.55MM, showing a 49.9% decrease in month over month comparisons.
55.3% Increase in Months Supply of Inventory
In May 2025, there were 10.19 months of inventory on the Austin multi family market compared to 6.56 months in May 2024, showing a 55.3% increase in year over year comparisons. Last month there were 9.54 months of inventory on the Austin multi family market, showing a 6.8% increase in month over month comparisons.
8% Decrease in Number of New Pending Listings
In May 2025, there were 23 multi family properties that accepted a contract compared to 25 in May 2024, showing an 8% decrease in year over year numbers. Last month, there were 14 multi family properties that accepted a contract, showing a 64.3% increase in month over month comparisons.
6.7% Decrease in Median Active List Price
In May 2025, the median active list price for multi family properties in Austin was $653,000 compared to $700,000 in May 2024, showing a 6.7% decrease in year over year numbers. Last month the median active list price was $637,500 showing a 2.4% increase in month over month comparisons.
14.1% Decrease in Number of New Multi Family Listings
In May 2025, there were 61 multi family properties introduced to the market compared to 71 in May 2024, showing a 14.1% decrease in year over year numbers. Last month there were 69 multi family properties introduced to the market, showing an 11.6% decrease in month over month comparisons.
31.3% Increase in Number of Active Listings
In May 2025, there were 214 multi family properties on the market compared to 163 in May 2024, showing a 31.3% increase in year over year numbers. Last month there were 202 multi family properties on the market, showing a 5.9% increase in month over month comparisons.
May 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 April 2025 Austin multi family sales below. The most expensive property that sold in May 2025 sold for $1,342,480 and the least expensive multi family property sold for $417,000. Multi family properties ranged in size from 1,552 sqft – 4,560 sqft with an average size of 2,524 sqft. The average price per square foot for a multi family property that sold in Austin in May 2025 was $314.32 with the lowest being $197.07/sqft and the highest being $659.05/sqft. It took, on average, 22 days to sell a multi family property in Austin and sellers received, on average, 93.88% of their original list prices.
| | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|
| Min | 1,218 | $469,900 | $176.25 | $435,000 | $162.69 | 92% | 86% | 4 |
| Max | 3,6880 | $997,500 | $615.76 | $965,000 | $628.08 | 102% | 101% | 104 |
| Avg | 2,338 | $648,590 | $303.02 | $629,473 | $296.32 | 96.90% | 93.6% | 48 |
| Med | 2,183 | $584,000 | $254.55 | $553,000 | $245.90 | 96.5% | 96% | 47 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | May 2025 |
| Property Type | Multi Family | Number Sold | 10 |
| 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 1.8%, we saw a 76% decrease in sales and a 55% increase in inventory so buyers have more choices and will be able to negotiate more with sellers who are motivated to get their properties sold quickly. Again this month, there was a 31% 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 strong buyers market. Buyers slowed down this month, with an 8% decrease in the number of new pending listings. Though that’s not as large a decrease as we saw last month, it does contribute to the increase in inventory and active listings. Time to sell was up 21%, so buyers are getting a little more time to make decisions. 52 days is less than you’d expect in a typical buyer’s market, but with only 10 sales, it looks like buyers are choosing the best 10 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 May 2025 Austin Multi Family Real Estate Price Report?
Do you have questions about this May 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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