Austin Home Prices Up in October

In October, home prices rose slightly from the month before, with a median listing price of $579,450.

The number of listings on the market shrank 4.5% from last month, which is a bigger decrease than normal for this time of the year in Austin, and homes are also selling close to the same pace as the same time last year.

Home prices in Austin

Typically, home price per square foot in Austin tend to rise in October. And the most recent data shows that the price per square foot increased by 0.6% compared with the month before.

So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Live Music Capital of the World are outpacing the national market.

Austin inventory

In October, there were 4,535 homes for sale in Austin, which was 4.5% less than the month before and 8.5% more than the same time last year.

Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001.

Time on market

Homes in Austin take an average of 79 days to sell, according to October figures.

This is the same as the previous month and two days more than the same month last year.

For comparison, nationally homes spent an average of 63 days on the market in October.

Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.

* Here’s a live look at popular listings and recent home sales in Austin, TX.

Most popular listings in Austin, TX