• Median Listing Home Price: The median price for homes currently listed in Austin is around $460,000, reflecting continued demand from both local and out-of-state buyers. Despite recent market shifts, Austin remains a top-tier destination for long-term home value.
• Median Days on Market: Homes in Austin spend an average of 52 days on the market, showing a balanced environment where well-priced properties move quickly, but buyers still have room to negotiate.
• Median Listing Price Per Square Foot: The median price per square foot in Austin is approximately $263, reflecting the city’s premium neighborhoods and modern new-build communities across the metro area.
• Active Listings: With roughly 8,700 active listings, Austin offers a diverse mix of homes—from walkable downtown condos to spacious suburban developments in cities like Leander, Pflugerville, and Buda.
• Median Rent: The median monthly rent in Austin is approximately $2,295, making it a competitive market for renters while still offering opportunities for Veteran buyers to own with zero down using a VA loan.

Top Features of Homes in Austin

• Architectural Styles: Homes range from classic ranch-style and craftsman bungalows to modern farmhouse builds and eco-conscious contemporary designs.
• Neighborhood Amenities: Many areas feature hike-and-bike trails, greenbelts, dog parks, and top-rated public schools. Communities like Circle C and Steiner Ranch offer resort-style HOA perks including pools, tennis courts, and clubhouses.
• Price Range: Austin homes vary from starter homes in the high $200Ks and $300Ks in outlying suburbs to multi-million-dollar estates in Westlake, Tarrytown, and Travis Heights.
• Energy Efficiency: Newer developments emphasize smart home integration, solar readiness, and energy-efficient appliances and insulation to meet Austin’s green building standards.

Real Estate Market Trends in Austin

• Median home prices have remained strong as buyers continue to move in from across the country, particularly in tech and remote work sectors.
• Inventory is competitive in high-demand areas like South Austin, East Austin, and Cedar Park, especially for move-in ready homes.
• The most active buying and selling seasons are spring through mid-summer, with bidding wars common on well-priced listings.

Tips for Buying a Home in Austin

• Partner with an Austin-based real estate agent who knows the city’s fast-moving market and can help navigate both MLS and off-market listings.
• Get pre-approved early to act quickly when the right home becomes available—especially in sought-after areas like Mueller, Zilker, or Northwest Hills.
• Take time to explore different neighborhoods—Austin’s vibe shifts from urban and eclectic downtown to serene and spacious suburbs like Leander and Buda.

How much do I need for a down payment?
While 20% is the traditional benchmark, many Austin buyers purchase homes with just 3% to 5% down. VA loans offer $0 down for eligible Veterans, and local programs may assist first-time buyers with limited funds.

What are the typical closing costs in Austin?
Closing costs in the Austin area typically range from 2% to 5% of the home's price. These costs include lender fees, title services, prepaid taxes, and insurance. In many cases, sellers may contribute toward these costs during negotiations.

Is it better to rent or buy in Austin?
With rising rents and continued appreciation, buying in Austin often makes more financial sense for long-term residents. However, those planning to stay fewer than two years or seeking flexibility may find renting more practical.

How competitive is the Austin housing market?
Austin remains moderately competitive. Well-priced homes in desirable neighborhoods can receive multiple offers. Being pre-approved and ready to act quickly gives buyers a clear advantage.

What credit score is needed to buy a home in Austin?
A credit score of 620 is generally required for conventional loans, while FHA loans may accept scores as low as 580. Higher scores can secure lower interest rates and better loan terms.

Should I get pre-approved before house hunting?
Yes—getting pre-approved is essential in Austin's market. It shows sellers you're financially qualified and helps you focus on homes within your true budget.

What neighborhoods are best for first-time buyers in Austin?
Neighborhoods like Manor, Easton Park, and South Austin offer a good balance of price, location, and community amenities for first-time buyers. Nearby suburbs like Hutto and Kyle are also popular with budget-conscious buyers.

Are there any first-time homebuyer programs in Austin?
Yes. Austin offers down payment assistance through programs like the Down Payment Assistance Program (DPA), and statewide options such as the Homes for Texas Heroes and My First Texas Home programs are also available to qualifying buyers.

How long does it take to close on a home in Austin?
In most cases, the closing process in Austin takes between 30 and 45 days. This timeline can vary based on financing, inspections, and how quickly contingencies are cleared.