Austin Real Estate Market Statistics

June 2018 Average Home Price and Statistics

The average home price in June was $410,765, up 4.2% over last year. In June, the median home price rose 4.9% year-over-year to $326,250 while home sales declined 2.7% annually to 3,299. Inventory remains low at 2.9 months, down 0.1 months from last year. While home sales decreased in June, prices are still rising and we expect sales to maintain through the coming months. Jim Gaines, chief economist at the Real Estate Center at Texas A&M University, suggested this is not indicative of a declining housing market saying, "The Central Texas housing market is among the top three in the country...Strong population growth and home sales activity are expected to continue in the Central Texas region for the rest of the year and into 2019."

These statistics are for Single Family homes across the Austin-Round Rock Metropolitan Statistical Area (MSA). If you would like similar statistics for a specific area, property type or price range, please contact us and tell us how we can help. Use our new market snapshot tool for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.

INFOGRAPHIC: Comparing Month over Month Statistics for Austin Real Estate

 

June 2018

Austin Real Estate Market Snapshot
June 2017 vs June 2018 - Single Family Home Sales

  • 3,299 - Single-family homes sold, 2.7% less compared to June 2017
  • $326,250 - Median price for single-family homes, 4.9% more compared to June 2017
  • $410,765 - Average price for single-family homes, 4.2% more compared to June 2017
  • $179 - Average price per sq ft for single-family homes, 5.5% more compared to June 2017
  • 44 - Average number of days single-family homes spent on the market, 2 fewer compared to June 2017
  • 4,138 - New single-family home listings on the market, 3.0% less compared to June 2017
  • 7,378 - Active single-family home listings on the market, 1.0% less compared to June 2017
  • 3,201 - Pending sales for single-family homes, 8.0% more compared to June 2017
  • 2.9 - Months of inventory of single-family homes, 0.1 months less compared to June 2017
  • $1,355,115,121 - Total dollar volume of single-family properties sold, 1.4% more compared to June 2017

Austin Luxury Real Estate Market Snapshot
June 2017 vs June 2018 - All Luxury Home Sales Over $1,000,000

  • 97 - $1M+ properties sold, 8.5% less compared to June 2017
  • $1,375,000 - Median price for $1M+ properties, 4.0% more compared to June 2017
  • $1,714,100 - Average price for $1M+ properties, 7.3% more compared to June 2017
  • $404 - Average price per sq ft for $1M+ properties, 17.8% more compared to June 2017
  • 79 - Average number of days $1M properties spent on the market, 2 more compared to June 2017
  • 171 - New $1M+ properties on the market, 3.0% more compared to June 2017
  • 901 - Active $1M+ properties on the market, 5.4% less compared to June 2017
  • 107 - Pending sales for $1M+ properties, 7.0% more compared to June 2017
  • 6.9 - Months of inventory of $1M+ properties, 1.1 months less compared to June 2017
  • $166,267,700 - Total dollar volume of $1M+ properties sold, 1.8% less compared to June 2017

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May 2018

Austin Real Estate Market Snapshot
May 2017 vs May 2018 - Single Family Home Sales

  • 3,210 - Single-family homes sold, 4.2% more compared to May 2017
  • $325,000 - Median price for single-family homes, 4.8% more compared to May 2017
  • $396,919 - Average price for single-family homes, 2.3% more compared to May 2017
  • $176 - Average price per sq ft for single-family homes, 3.6% more compared to May 2017
  • 46 - Average number of days single-family homes spent on the market, 3 more compared to May 2017
  • 4,464 - New single-family home listings on the market, 5% more compared to May 2017
  • 6,848 - Active single-family home listings on the market, 1% more compared to May 2017
  • 3,436 - Pending sales for single-family homes, 6% more compared to May 2017
  • 2.7 - Months of inventory of single-family homes, 0.1 months less compared to May 2017
  • $1,274,110,895 - Total dollar volume of single-family properties sold, 6.6% more compared to May 2017

Austin Luxury Real Estate Market Snapshot
May 2017 vs May 2018 - All Luxury Home Sales Over $1,000,000

  • 95 - $1M+ properties sold, 10.5% more compared to May 2017
  • $1,250,000 - Median price for $1M+ properties, 11.9% less compared to May 2017
  • $1,486,045 - Average price for $1M+ properties, 14.5% less compared to May 2017
  • $331 - Average price per sq ft for $1M+ properties, 7.5% less compared to May 2017
  • 63 - Average number of days $1M properties spent on the market, 16 fewer compared to May 2017
  • 196 - New $1M+ properties on the market, 3.2% more compared to May 2017
  • 901 - Active $1M+ properties on the market, 4.1% less compared to May 2017
  • 99 - Pending sales for $1M+ properties, 10% less compared to May 2017
  • 7.4 - Months of inventory of $1M+ properties, 0.2 months more compared to May 2017
  • $141,174,275 - Total dollar volume of $1M+ properties sold, 5.6% less compared to May 2017

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April 2018

Austin Real Estate Market Snapshot
April 2017 vs April 2018 - Single Family Home Sales

  • 2,611 - Single-family homes sold, 4.1% more compared to April 2017
  • $316,000 - Median price for single-family homes, 3.8% more compared to April 2017
  • $404,217 - Average price for single-family homes, 9.2% more compared to April 2017
  • $178 - Average price per sq ft for single-family homes, 5.9% more compared to April 2017
  • 51 - Average number of days single-family homes spent on the market, 2 more compared to April 2017
  • 4,139 - New single-family home listings on the market, 6.0% more compared to April 2017
  • 6,154 - Active single-family home listings on the market, 3.0% less compared to April 2017
  • 3,320 - Pending sales for single-family homes, 14.0% more compared to April 2017
  • 2.4 - Months of inventory of single-family homes, 0.2 months less compared to April 2017
  • $1,055,410,883 - Total dollar volume of single-family properties sold, 13.7% more compared to April 2017

Austin Luxury Real Estate Market Snapshot
April 2017 vs April 2018 - All Luxury Home Sales Over $1,000,000

  • 92 - $1M+ properties sold, 53.3% more compared to April 2017
  • $1,340,000 - Median price for $1M+ properties, 5.3% more compared to April 2017
  • $1,528,706 - Average price for $1M+ properties, 6.1% less compared to April 2017
  • $351 - Average price per sq ft for $1M+ properties, 4.4% less compared to April 2017
  • 79 - Average number of days $1M properties spent on the market, 20 fewer compared to April 2017
  • 206 - New $1M+ properties on the market, 1.4% less compared to April 2017
  • 863 - Active $1M+ properties on the market, about the same compared to April 2017
  • 106 - Pending sales for $1M+ properties, 30.9% more compared to April 2017
  • 6.7 - Months of inventory of $1M+ properties, 2.6 months less compared to April 2017
  • $140,640,952 - Total dollar volume of $1M+ properties sold, 44.0% more compared to April 2017

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March 2018

Austin Real Estate Market Snapshot
March 2017 vs March 2018 - Single Family Home Sales

  • 2,714 - Single-family homes sold, 10.5% more compared to March 2017
  • $305,233 - Median price for single-family homes, 3.5% more compared to March 2017
  • $394,722 - Average price for single-family homes, 7.2% more compared to March 2017
  • $177 - Average price per sq ft for single-family homes, 6.3% more compared to March 2017
  • 61 - Average number of days single-family homes spent on the market, 3 more compared to March 2017
  • 4,008 - New single-family home listings on the market, 3.0% less compared to March 2017
  • 5,640 - Active single-family home listings on the market, 2.0% less compared to March 2017
  • 3,049 - Pending sales for single-family homes, 7.0% more compared to March 2017
  • 2.2 - Months of inventory of single-family homes, 0.2 months less compared to March 2017
  • $1,071,274,938 - Total dollar volume of single-family properties sold, 18.4% more compared to March 2017

Austin Luxury Real Estate Market Snapshot
March 2017 vs March 2018 - All Luxury Home Sales Over $1,000,000

  • 81 - $1M+ properties sold, 35.0% more compared to March 2017
  • $1,370,000 - Median price for $1M+ properties, 0.5% less compared to March 2017
  • $1,770,816 - Average price for $1M+ properties, 14.6% more compared to March 2017
  • $373 - Average price per sq ft for $1M+ properties, 10.4% more compared to March 2017
  • 86 - Average number of days $1M properties spent on the market, 1 fewer compared to March 2017
  • 213 - New $1M+ properties on the market, 4.9% less compared to March 2017
  • 787 - Active $1M+ properties on the market, 1.0% more compared to March 2017
  • 89 - Pending sales for $1M+ properties, 20.3% more compared to March 2017
  • 7.4 - Months of inventory of $1M+ properties, 1.5 months less compared to March 2017
  • $143,436,096 - Total dollar volume of $1M+ properties sold, 54.7% more compared to March 2017

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February 2018

Austin Real Estate Market Snapshot
February 2017 vs February 2018 - Single Family Home Sales

  • 1,955 - Single-family homes sold, 5.7% more compared to February 2017
  • $299,900 - Median price for single-family homes, 3.6% more compared to February 2017
  • $376,575 - Average price for single-family homes, 4.8% more compared to February 2017
  • $172 - Average price per sq ft for single-family homes, 5.5% more compared to February 2017
  • 71 - Average number of days single-family homes spent on the market, 6 more compared to February 2017
  • 2,819 - New single-family home listings on the market, 1% less compared to February 2017
  • 4,969 - Active single-family home listings on the market, 1% more compared to February 2017
  • 2,504 - Pending sales for single-family homes, 14% more compared to February 2017
  • 2.0 - Months of inventory of single-family homes, about the same as February 2017
  • $736,204,277 - Total dollar volume of single-family properties sold, 10.7% more compared to February 2017

Austin Luxury Real Estate Market Snapshot
February 2017 vs February 2018 - All Luxury Home Sales Over $1,000,000

  • 49 - $1M+ properties sold, 11.4% more compared to February 2017
  • $1,425,000 - Median price for $1M+ properties, 5% less compared to February 2017
  • $1,779,747 - Average price for $1M+ properties, 0.6% less compared to February 2017
  • $403 - Average price per sq ft for $1M+ properties, 6.6% more compared to February 2017
  • 116 - Average number of days $1M properties spent on the market, 17 more compared to February 2017
  • 156 - New $1M+ properties on the market, 7.1% less compared to February 2017
  • 692 - Active $1M+ properties on the market, 7.5% more compared to February 2017
  • 91 - Pending sales for $1M+ properties, 65.5% more compared to February 2017
  • 6.2 - Months of inventory of $1M+ properties, 3.9 months less compared to February 2017
  • $87,207,603 - Total dollar volume of $1M+ properties sold, 10.7% more compared to February 2017

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January 2018

Austin Real Estate Market Snapshot
January 2017 vs January 2018 - Single Family Home Sales

  • 1,495 - Single-family homes sold, 1.6% more compared to January 2017
  • $291,000 - Median price for single-family homes, 3.2% more compared January 2017
  • $360,479 - Average price for single-family homes, 0.9% more compared to January 2017
  • $161 - Average price per sq ft for single-family homes, about the same as January 2017
  • 83 - Average number of cumulative days single-family homes spent on the market, 10 more compared to January 2017
  • 2,323 - New single-family home listings on the market, 5.6% less compared to January 2017
  • 7,990 - Active single-family home listings on the market, 4.6% more compared to January 2017
  • 2,309 - Pending sales for single-family homes, 11.5% more compared to January 2017
  • 2.3 - Months of inventory of single-family homes, 0.2 months less compared to January 2017
  • $538,916,105 - Total dollar volume of single-family properties sold, 2.5% more compared to January 2017

Austin Luxury Real Estate Market Snapshot
January 2017 vs January 2018 - All Luxury Home Sales Over $1,000,000

  • 36 - $1M+ properties sold, 2.9% more compared to January 2017
  • $1,324,500 - Median price for $1M+ properties, 15.2% less compared to January 2017
  • $1,378,626 - Average price for $1M+ properties, 24.6% less compared to January 2017
  • $332 - Average price per sq ft for $1M+ properties, 15.9% less compared to January 2017
  • 192 - Average number of cumulative days $1M properties spent on the market, 24 more compared to January 2017
  • 109 - New $1M+ properties on the market, 4.8% more compared to January 2017
  • 636 - Active $1M+ properties on the market, 7.1% more compared to January 2017
  • 67 - Pending sales for $1M+ properties, 19.6% more compared to January 2017
  • 8.0 - Months of inventory of $1M+ properties, 0.5 months less compared to January 2017
  • $49,630,536 - Total dollar volume of $1M+ properties sold, 22.4% less compared to January 2017

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2017 Year-End Market Report

Austin Real Estate Sales 2016 vs 2017

  • 30,059 – Single-family homes sold, 2.4% more than 2016
  • $299,900 – Median price for single-family homes, 5.4% more than 2016
  • $374,084 – Average price for single-family homes, 5.9% more than 2016
  • 53 – Average number of days that single-family homes spent on the market, 3 days more than 2016
  • 38,586 – New single-family home listings on the market, 5.69% more than 2016
  • 6,436 – Active single-family home listings on the market, 11.7% more than 2016
  • 30,431 – Pending sales for single-family homes, 5.67% more than 2016
  • $11,244,589,447 – Total dollar volume of single-family properties sold, 8.4% more than 2016

Austin Luxury Real Estate Sales 2016 vs 2017

  • 820 - $1M+ properties sold, 18.4% more than 2016
  • $1,347,252 - Median price for $1M+ properties, 0.6 more than 2016
  • $1,641,141 - Average price for $1M+ properties, 3% more than 2016
  • $369 - Average price per square foot for $1M+ properties, 5.7% more than 2016
  • 135 - Average number of cumulative days that $1M+ properties spent on the market, 4 days less than 2016
  • 10.2 - Average Months of inventory of $1M+ properties, 1.3 months less than 2016
  • $1,345,735,620 - Total dollar volume of $1M+ properties sold, 22.7% more than 2016

December 2017

Austin Real Estate Market Snapshot
December 2016 vs December 2017 - Single Family Home Sales

  • 2,396 - Single-family homes sold, 5.6% more compared to 2,269 in December 2016
  • $310,995 - Median price for single-family homes, 6.9% more compared to $291,000 in December 2016
  • $378,588 - Average price for single-family homes, 5.1% more compared to $360,360 in December 2016
  • $165 - Average price per sq ft for single-family homes, 3.1% more compared to $160 in December 2016
  • 81 - Average number of cumulative days single-family homes spent on the market, 9 more compared to 72 in December 2016
  • 1,667 - New single-family home listings on the market, 12% more compared to 1,489 in December 2016
  • 8,219 - Active single-family home listings on the market, 11.6% more compared to 7,366 in December 2016
  • 1,862 - Pending sales for single-family homes, 23.6% more compared to 1,506 in December 2016
  • 2.9 - Months of inventory of single-family homes, 0.5 months less compared to 3.4 in December 2016
  • $907,096,848 - Total dollar volume of single-family properties sold, 10.9% more compared to $817,656,840 in December 2016

Austin Luxury Real Estate Market Snapshot
December 2016 vs December 2017 - All Luxury Home Sales Over $1,000,000

  • 52 - $1M+ properties sold, 8.8% less compared to 57 in December 2016
  • $1,353,750 - Median price for $1M+ properties, 8.3% more compared to $1,250,000 in December 2016
  • $1,687,851 - Average price for $1M+ properties, 9.4% more compared to $1,543,036 in December 2016
  • $364 - Average price per sq ft for $1M+ properties, 3.1% more compared to $353 in December 2016
  • 170 - Average number of cumulative days $1M properties spent on the market, 25 fewer compared to 195 in December 2016
  • 45 - New $1M+ properties on the market, 21.6% more compared to 37 in December 2016
  • 650 - Active $1M+ properties on the market, 9.6% more compared to 593 in December 2016
  • 39 - Pending sales for $1M+ properties, 39.3% more compared to 28 in December 2016
  • 13.3 - Months of inventory of $1M+ properties, 4.2 months less compared to 17.5 in December 2016
  • $87,768,252 - Total dollar volume of $1M+ properties sold, about the same as December 2016

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November 2017

Austin Real Estate Market Snapshot
November 2016 vs November 2017 - Single Family Home Sales

  • 2,034 - Single-family homes sold, about the same as November 2016
  • $299,900 - Median price for single-family homes, 2.8% more compared to $291,840 in November 2016
  • $368,118 - Average price for single-family homes, about the same as November 2016
  • $164 - Average price per sq ft for single-family homes, 1.9% more compared to $161 in November 2016
  • 73 - Average number of cumulative days single-family homes spent on the market, 8 more compared to 65 in November 2016
  • 2,273 - New single-family home listings on the market, 13.2% more compared to 2,008 in November 2016
  • 9,457 - Active single-family home listings on the market, 11.8% more compared to 8,460 in November 2016
  • 2,180 - Pending sales for single-family homes, 14.3% more compared to 1,907 in November 2016
  • 2.9 - Months of inventory of single-family homes, 0.2 months less compared to 3.1 in November 2016
  • $748,752,012 - Total dollar volume of single-family properties sold, 0.8% more compared to $743,117,259 in November 2016

Austin Luxury Real Estate Market Snapshot
November 2016 vs November 2017 - All Luxury Home Sales Over $1,000,000

  • 58 - $1M+ properties sold, 11.5% more compared to 52 in November 2016
  • $1,340,000 - Median price for $1M+ properties, about the same as November 2016
  • $1,507,031 - Average price for $1M+ properties, 15.9% less compared to $1,790,962 in November 2016
  • $336 - Average price per sq ft for $1M+ properties, 9.7% less compared to $372 in November 2016
  • 157 - Average number of cumulative days $1M properties spent on the market, 13 fewer compared to 170 in November 2016
  • 82 - New $1M+ properties on the market, 7.9% more compared to 76 in November 2016
  • 751 - Active $1M+ properties on the market, 8.5% more compared to 692 in November 2016
  • 49 - Pending sales for $1M+ properties, 2.0% less compared to 50 in November 2016
  • 12.3 - Months of inventory of $1M+ properties, 1.2 months more compared to 11.1 in November 2016
  • $87,407,798 - Total dollar volume of $1M+ properties sold, 6.1% less compared to $93,130,024 in November 2016

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October 2017

Austin Real Estate Market Snapshot
October 2016 vs October 2017 - Single Family Home Sales

  • 2,067 - Single-family homes sold, 4.0% less compared to 2,154 in October 2016
  • $290,000 - Median price for single-family homes, 2.8% more compared to $281,990 in October 2016
  • $369,973 - Average price for single-family homes, 1.8% more compared to $363,458 in October 2016
  • $169 - Average price per sq ft for single-family homes, 3.7% more compared to $163 in October 2016
  • 68 - Average number of cumulative days single-family homes spent on the market, 7 more compared to 61 in October 2016
  • 2,700 - New single-family home listings on the market, 8.4% more compared to 2,490 in October 2016
  • 10,314 - Active single-family home listings on the market, 10.5% more compared to 9,334 in October 2016
  • 2,407 - Pending sales for single-family homes, 13.3% more compared to 2,124 in October 2016
  • 2.9 - Months of inventory of single-family homes, about the same compared to October 2016
  • $764,734,191 - Total dollar volume of single-family properties sold, 2.3% less compared to $782,888,532 in October 2016

Austin Luxury Real Estate Market Snapshot
October 2016 vs October 2017 - All Luxury Home Sales Over $1,000,000

  • 68 - $1M+ properties sold, 1.5% more compared to 67 in October 2016
  • $1,325,000 - Median price for $1M+ properties, 1.1% less compared to $1,340,000 in October 2016
  • $1,517,852 - Average price for $1M+ properties, 7.8% less compared to $1,646,631 in October 2016
  • $347 - Average price per sq ft for $1M+ properties, 6.0% less compared to $369 in October 2016
  • 147 - Average number of cumulative days $1M properties spent on the market, 37 more compared to 110 in October 2016
  • 102 - New $1M+ properties on the market, 5.2% more compared to 97 in October 2016
  • 817 - Active $1M+ properties on the market, 7.5% more compared to 760 in October 2016
  • 67 - Pending sales for $1M+ properties, 15.5% more compared to 58 in October 2016
  • 9.8 - Months of inventory of $1M+ properties, 0.8 months less compared to 10.6 in October 2016
  • $103,213,936 - Total dollar volume of $1M+ properties sold, 6.4% less compared to $110,324,277 in October 2016

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September 2017

Austin Real Estate Market Snapshot
September 2016 vs September 2017 - Single Family Home Sales

  • 2,206 - Single-family homes sold, 9.0% less compared to 2,423 in September 2016
  • $293,632 - Median price for single-family homes, 4.8% more compared to $280,084 in September 2016
  • $362,598 - Average price for single-family homes, 4.6% more compared to $346,701 in September 2016
  • $163 - Average price per sq ft for single-family homes, 4.5% more compared to $156 in September 2016
  • 62 - Average number of cumulative days single-family homes spent on the market, 5 more compared to 57 in September 2016
  • 2,808 - New single-family home listings on the market, about the same as September 2016
  • 10,677 - Active single-family home listings on the market, 9.9% more compared to 9,711 in September 2016
  • 2,358 - Pending sales for single-family homes, 11.1% more compared to 2,123 in September 2016
  • 3.1 - Months of inventory of single-family homes, about the same as September 2016
  • $799,891,188 - Total dollar volume of single-family properties sold, 4.8% less compared to $840,056,523 in September 2016

Austin Luxury Real Estate Market Snapshot
September 2016 vs September 2017 - All Luxury Home Sales Over $1,000,000

  • 53 - $1M+ properties sold, 6.0% more compared to 50 in September 2016
  • $1,300,000 - Median price for $1M+ properties, 7.1% less compared to $1,400,000 in September 2016
  • $1,649,076 - Average price for $1M+ properties, 1.8% more compared to $1,619,616 in September 2016
  • $338 - Average price per sq ft for $1M+ properties, 6.3% more compared to $318 in September 2016
  • 119 - Average number of cumulative days $1M properties spent on the market, 33 fewer compared to 152 in September 2016
  • 148 - New $1M+ properties on the market, 18.4% more compared to 125 in September 2016
  • 879 - Active $1M+ properties on the market, 7.6% more compared to 817 in September 2016
  • 75 - Pending sales for $1M+ properties, 10.3% more compared to 68 in September 2016
  • 9.5 - Months of inventory of $1M+ properties, about the same as September 2016
  • $87,401,028 - Total dollar volume of $1M+ properties sold, 7.9% more compared to $80,980,800 in September 2016

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August 2017

Austin Real Estate Market Snapshot
August 2016 vs August 2017 - Single Family Home Sales

  • 2,618 - Single-family homes sold, 4.4% less compared to 2,739 in August 2016
  • $305,000 - Median price for single-family homes, 4.3% more compared to $292,500 in August 2016
  • $380,426 - Average price for single-family homes, 4.0% more compared to $365,708 in August 2016
  • $167 - Average price per sq ft for single-family homes, 5.0% more compared to $159 in August 2016
  • 53 - Average number of cumulative days single-family homes spent on the market, 1 more compared to 52 in August 2016
  • 3,050 - New single family home listings on the market, 9.6% more compared to 2,784 in August 2016
  • 10,700 - Active single family home listings on the market, 13.5% more compared to 9,430 in August 2016
  • 2,456 - Pending sales for single-family homes, 7.0% more compared to 2,295 in August 2016
  • 3.0 - Months of inventory of single-family homes, 0.2 months more compared to 2.8 in August 2016
  • $995,955,268 - Total dollar volume of single-family properties sold, 0.6% less compared to $1,001,674,212 in August 2016

Austin Luxury Real Estate Market Snapshot
August 2016 vs August 2017 - All Luxury Home Sales Over $1,000,000

  • 74 - $1M+ properties sold, 13.8% more compared to 65 in August 2016
  • $1,275,500 - Median price for $1M+ properties, 0.7% less compared to $1,285,000 in August 2016
  • $1,514,931 - Average price for $1M+ properties, 2.4% more compared to $1,479,672 in August 2016
  • $349 - Average price per sq ft for $1M+ properties, 7.7% more compared to $324 in August 2016
  • 136 - Average number of cumulative days $1M properties spent on the market, 57 fewer compared to 193 in August 2016
  • 130 - New $1M+ properties on the market, 38.3% more compared to 94 in August 2016
  • 878 - Active $1M+ properties on the market, 9.9% more compared to 799 in August 2016
  • 67 - Pending sales for $1M+ properties, same as August 2016
  • 10.7 - Months of inventory of $1M+ properties, 0.6 months more compared to 10.1 in August 2016
  • $112,104,894 - Total dollar volume of $1M+ properties sold, 16.6% more compared to $96,178,680 in August 2016

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July 2017

Austin Real Estate Market Snapshot
July 2016 vs July 2017 - Single Family Home Sales

  • 2,550 - Single-family homes sold, 1.8% less compared to 2,598 in July 2016
  • $310,000 - Median price for single-family homes, 5.4% more compared to $294,000 in July 2016
  • $397,689 - Average price for single-family homes, 9.5% more compared to $363,047 in July 2016
  • $174 - Average price per sq ft for single-family homes, 9.4% more compared to $159 in July 2016
  • 51 - Average number of cumulative days single-family homes spent on the market, 3 more compared to 48 in July 2016
  • 3,531 - New single family home listings on the market, 4.4% more compared to 3,381 in July 2016
  • 10,908 - Active single family home listings on the market, 11.9% more compared to 9,750 in July 2016
  • 2,685 - Pending sales for single-family homes, 3.4% more compared to 2,597 in July 2016
  • 2.8 - Months of inventory of single-family homes, 0.2 months more compared to 2.6 in July 2016
  • $1,014,106,950 - Total dollar volume of single-family properties sold, 7.5% more compared to $943,196,106 in July 2016

Austin Luxury Real Estate Market Snapshot
July 2016 vs July 2017 - All Luxury Home Sales Over $1,000,000

  • 90 - $1M+ properties sold, 55.2% more compared to 58 in July 2016
  • $1,327,500 - Median price for $1M+ properties, 7.8% more compared to $1,231,188 in July 2016
  • $1,740,736 - Average price for $1M+ properties, 15.2% more compared to $1,511,026 in July 2016
  • $394 - Average price per sq ft for $1M+ properties, 15.5% more compared to $341 in July 2016
  • 148 - Average number of cumulative days $1M properties spent on the market, 25 fewer compared to 173 in July 2016
  • 113 - New $1M+ properties on the market, 10.3% less compared to 126 in July 2016
  • 913 - Active $1M+ properties on the market, 7.8% more compared to 847 in July 2016
  • 84 - Pending sales for $1M+ properties, 40% more compared to 60 in July 2016
  • 8.9 - Months of inventory of $1M+ properties, 2.9 months less compared to 11.8 in July 2016
  • $156,666,240 - Total dollar volume of $1M+ properties sold, 78.8% more compared to $87,639,508 in July 2016

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June 2017

Austin Real Estate Market Snapshot
June 2016 vs June 2017 - Single Family Home Sales

  • 3,091 - Single-family homes sold, 0.5% more compared to 3,076 in June 2016
  • $321,814 - Median price for single-family homes, 7.3% more compared to $300,000 in June 2016
  • $405,387 - Average price for single-family homes, 7.9% more compared to $375,880 in June 2016
  • $177 - Average price per sq ft for single-family homes, 9.9% more compared to $161 in June 2016
  • 48 - Average number of cumulative days single-family homes spent on the market, 2 more compared to 46 in June 2016
  • 4,014 - New single family home listings on the market, 5.5% more compared to 3,804 in June 2016
  • 7,547 - Active single family home listings on the market, 23.5% less compared to 9,870 in June 2016
  • 3,148 - Pending sales for single-family homes, 7.1% more compared to 2,940 in June 2016
  • 3.1 - Months of inventory of single-family homes, 0.6 months more compared to 2.5 in June 2016
  • $1,253,051,217 - Total dollar volume of single-family properties sold, 8.4% more compared to $1,156,206,880 in June 2016

Austin Luxury Real Estate Market Snapshot
June 2016 vs June 2017 - All Luxury Home Sales Over $1,000,000

  • 106 - $1M+ properties sold, 27.7% more compared to 83 in June 2016
  • $1,322,500 - Median price for $1M+ properties, 2.5% more compared to $1,290,000 in June 2016
  • $1,623,148 - Average price for $1M+ properties, 2.0% more compared to $1,591,183 in June 2016
  • $356 - Average price per sq ft for $1M+ properties, 2.2% less compared to $364 in June 2016
  • 106 - Average number of cumulative days $1M properties spent on the market, 2 more compared to 104 in June 2016
  • 179 - New $1M+ properties on the market, 22.6% more compared to 146 in June 2016
  • 768 - Active $1M+ properties on the market, 1.9% less compared to 783 in June 2016
  • 101 - Pending sales for $1M+ properties, 53.0% more compared to 66 in June 2016
  • 8.0 - Months of inventory of $1M+ properties, 2.9 months less compared to 10.9 in June 2016
  • $172,053,688 - Total dollar volume of $1M+ properties sold, 30.3% more compared to $132,068,189 in June 2016

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May 2017

Austin Real Estate Market Snapshot
May 2016 vs May 2017 - Single Family Home Sales

  • 2,762 – Single-family homes sold, 1.2% more than May 2016
  • $318,000 – Median price for single-family homes, 8.7% more than May 2016
  • $399,457 – Average price for single-family homes, 9.4% more than May 2016
  • $172 – Average price per square foot for single-family homes, 8.2% more than May 2016
  • 46 – Average number of cumulative days single-family homes spent on the market, 3 days more than May 2016
  • 4,018 – New single-family home listings on the market, 14.9% more than May 2016
  • 10,254 – Active single-family home listings on the market, 13.4% more than May 2016
  • 3,185 – Pending sales for single-family homes, 5.4% more than May 2016
  • 2.0 – Months of inventory of single-family homes, 0.2 months more than May 2016
  • $1,103,300,234 – Total dollar volume of single-family properties sold, 10.7% more than May 2016

Austin Luxury Real Estate Market Snapshot
May 2016 vs May 2017 - All Luxury Home Sales Over $1,000,000

  • 84 - $1M+ properties sold, 9 more than May 2016
  • $1,419,555 - Median price for $1M+ properties, 6.3% more than May 2016
  • $1,759,970 - Average price for $1M+ properties, 14.9% more than May 2016
  • $367 - Average price per square foot for $1M+ properties, 4.6% more than May 2016
  • 107 - Average number of cumulative days that $1M+ properties spent on the market, 15 days more than May 2016
  • 944 – Active $1M+ properties on the market, 16.1% more than May 2016
  • 6.4 - Months of inventory of $1M+ properties, 3.5 months less than May 2016
  • $147,837,480 - Total dollar volume of $1M+ properties sold, 28.6% more than May 2016

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April 2017

Austin Real Estate Market Snapshot
April 2016 vs April 2017 - Single Family Home Sales

  • 2,228 – Single-family homes sold, 5.3% less than April 2016
  • $311,302 – Median price for single-family homes, 5.9% more than April 2016
  • $383,747 – Average price for single-family homes, 7.9% more than April 2016
  • $169 – Average price per square foot for single-family homes, 7.6% more than April 2016
  • 49 – Average number of cumulative days single-family homes spent on the market, 5 days more than April 2016
  • 3,708 – New single-family home listings on the market, 6.4% more than April 2016
  • 9,433 – Active single-family home listings on the market, 8.9% more than April 2016
  • 2,878 – Pending sales for single-family homes, 3.5% more than April 2016
  • 2.1 – Months of inventory of single-family homes, 0.1 months more than April 2016
  • $854,988,316 – Total dollar volume of single-family properties sold, 2.2% more than April 2016

Austin Luxury Real Estate Market Snapshot
April 2016 vs April 2017 - All Luxury Home Sales Over $1,000,000

  • 60 - $1M+ properties sold, 21 more than April 2016
  • $1,272,750 - Median price for $1M+ properties, 9.4% less than April 2016
  • $1,627,470 - Average price for $1M+ properties, 5.4% more than April 2016
  • $367 - Average price per square foot for $1M+ properties, 3.1% more than April 2016
  • 131 - Average number of cumulative days that $1M+ properties spent on the market, 15 days more than April 2016
  • 886 – Active $1M+ properties on the market, 14.5% more than April 2016
  • 8.6 - Months of inventory of $1M+ properties, 0.3 months more than April 2016
  • $97,648,200 - Total dollar volume of $1M+ properties sold, 60% more than April 2016

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March 2017

Austin Real Estate Market Snapshot
March 2016 vs March 2017 - Single Family Home Sales

  • 2,188 – Single-family homes sold, 6% less than March 2016
  • $303,792 – Median price for single-family homes, 6.6% more than March 2016
  • $378,492 – Average price for single-family homes, 5.9% more than March 2016
  • $167 – Average price per square foot for single-family homes, 6.4% more than March 2016
  • 50 – Average number of cumulative days single-family homes spent on the market, same as March 2016
  • 3,892 – New single-family home listings on the market, 16.2% more than March 2016
  • 8,833 – Active single-family home listings on the market, 10.3% more than March 2016
  • 2,822 – Pending sales for single-family homes, 13.7% more than March 2016
  • 2.0 – Months of inventory of single-family homes, 0.1 months less than March 2016
  • $828,140,496 – Total dollar volume of single-family properties sold, 0.5% less than March 2016

Austin Luxury Real Estate Market Snapshot
March 2016 vs March 2017 - All Luxury Home Sales Over $1,000,000

  • 59 – $1M+ properties sold, 14 more than March 2016
  • $1,385,000 – Median price for $1M+ properties, 4.5% less than March 2016
  • $1,553,106 – Average price for $1M+ properties, 8.6% less than March 2016
  • $339 – Average price per square foot for $1M+ properties, 0.3% less than March 2016
  • 140 – Average number of cumulative days that $1M+ properties spent on the market, 42 days more than March 2016
  • 796 – Active $1M+ properties on the market, 14.5% more than March 2016
  • 7.8 – Months of inventory of $1M+ properties, 2.8 months less than March 2016
  • $91,633,254 – Total dollar volume of $1M+ properties sold, 20% more than March 2016

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February 2017

Austin Real Estate Market Snapshot
February 2016 vs February 2017 - Single Family Home Sales

  • 1,628 – Single-family homes sold, 1.8% less than February 2016
  • $295,000 – Median price for single-family homes, 7.1% more than February 2016
  • $368,259 – Average price for single-family homes, 9.3% more than February 2016
  • $164 – Average price per square foot for single-family homes, 7.2% more than February 2016
  • 63 – Average number of cumulative days single-family homes spent on the market, 4 days more than February 2016
  • 2,667 – New single-family home listings on the market, 3.8% more than February 2016
  • 7,337 – Active single-family home listings on the market, 3.5% more than February 2016
  • 2,167 – Pending sales for single-family homes, 2.4% more than February 2016
  • 2.2 – Months of inventory of single-family homes, same as February 2016
  • $599,525,652 – Total dollar volume of single-family properties sold, 7.4% more than February 2016

Austin Luxury Real Estate Market Snapshot
February 2016 vs February 2017 - All Luxury Home Sales Over $1,000,000

  • 41 - $1M+ properties sold, 13 more than February 2016
  • $1,500,000 - Median price for $1M+ properties, 12.1% more than February 2016
  • $1,805,000 - Average price for $1M+ properties, 17% more than February 2016
  • $375 - Average price per square foot for $1M+ properties, 3% more than February 2016
  • 159 - Average number of cumulative days that $1M+ properties spent on the market, 52 days more than February 2016
  • 652 – Active $1M+ properties on the market, 12.6% more than February 2016
  • 9.8 - Months of inventory of $1M+ properties, 2.6 months less than February 2016
  • $74,005,000 - Total dollar volume of $1M+ properties sold, 71% more than February 2016

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January 2017

Austin Real Estate Market Snapshot
January 2016 vs January 2017 - Single Family Home Sales

  • 1,293 – Single-family homes sold, 1.6% less than January 2016
  • $285,620 – Median price for single-family homes, 9.4% more than January 2016
  • $368,897 – Average price for single-family homes, 12.9% more than January 2016
  • $165 – Average price per square foot for single-family homes, 10.7% more than January 2016
  • 72 – Average number of cumulative days single-family homes spent on the market, 2 days more than January 2016
  • 2,409 – New single-family home listings on the market, 11.5% more than January 2016
  • 7,147 – Active single-family home listings on the market, 4.4% more than January 2016
  • 2,138 – Pending sales for single-family homes, 9.6% more than January 2016
  • 2.1 – Months of inventory of single-family homes, 0.2 months less than January 2016
  • $476,983,821 – Total dollar volume of single-family properties sold, 11% more than January 2016

Austin Luxury Real Estate Market Snapshot
January 2016 vs January 2017 - All Luxury Home Sales Over $1,000,000

  • 35 - $1M+ properties sold, 13 more than January 2016
  • $1,562,800 - Median price for $1M+ properties, 7.2% more than January 2016
  • $1,827,921 - Average price for $1M+ properties, 8% more than January 2016
  • $395 - Average price per square foot for $1M+ properties, 13.5% more than January 2016
  • 175 - Average number of cumulative days that $1M+ properties spent on the market, 55 days more than January 2016
  • 597 – Active $1M+ properties on the market, 12.9% more than January 2016
  • 8.0 - Months of inventory of $1M+ properties, 4.6 months less than January 2016
  • $63,977,235 - Total dollar volume of $1M+ properties sold, 72% more than January 2016

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2016 Year-End Market Report

Austin Real Estate Sales 2015 vs 2016

  • 29,569 – Single-family homes sold, 3.9% more than 2015
  • $284,000 – Median price for single-family homes, 7.2% more than 2015
  • $353,616 – Average price for single-family homes, 5.1% more than 2015
  • 50 – Average number of days that single-family homes spent on the market, 2 days more than 2015
  • 36,509 – New single-family home listings on the market, 1% less than 2015
  • 5,762 – Active single-family home listings on the market, 5% less than 2015
  • 28,798 – Pending sales for single-family homes, 3% less than 2015
  • $10,456,084,996 – Total dollar volume of single-family properties sold, 9.1% more than 2015

Austin Luxury Real Estate Sales 2015 vs 2016

  • 690 - $1M+ properties sold, 5% more than 2015
  • $1,338,656 - Median price for $1M+ properties, 2% less than 2015
  • $1,592,946 - Average price for $1M+ properties, 2% less than 2015
  • $349 - Average price per square foot for $1M+ properties, 1% less than 2015
  • 140 - Average number of cumulative days that $1M+ properties spent on the market, 7 days more than 2015
  • 12.1 - Months of inventory of $1M+ properties, 0.5 months more than 2015
  • $1,096,774,731 - Total dollar volume of $1M+ properties sold, 2% more than 2015
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