A new real estate analysis has revealed that housing prices across the Southern United States have seen a large-scale decline from 2024-2025, with Austin homebuyers experiencing the ninth-steepest “price correction” in the region.<\/p>\n
Austin-area buyers have a better chance of purchasing an affordable home this year after prices cooled 2.04 percent from 2024-2025, the study<\/a> found.<\/p>\n Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.<\/p>\n In Zoocasa’s ranking of the Southern cities where affordability is improving the most, Austin ranked No. 9.<\/p>\n In 2024, the median price for a single-family home in Austin was nearly $438,000, which has since dropped to $429,000 in 2025. Local sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers \u2014 if only by a small amount.<\/p>\n Better housing prices will surely attract even more new residents to the area, especially since Austin was the third-hottest<\/a> destination for movers in 2025, and its suburbs are still booming<\/a> in popularity.<\/p>\n Housing affordability elsewhere in Texas In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.<\/p>\n Houston appeared just outside the top 10, ranking 11th out of 20 Southern cities, with housing prices falling by 1.5 percent during the one-year period. Houston housing prices in 2025 fell to $335,000, or $5,000 lower than the year before.<\/p>\n “Affordability is on the rise across Texas, with major cities seeing significant price corrections,” the report said. “Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median.”<\/p>\n
Dallas was the No. 2 Southern city where housing is becoming more affordable. Dallas-Fort Worth’s housing prices fell 5.71 percent from 2024-2025. The median price of a single-family home in North Texas fell from $397,700 to $375,000 during the one-year span.<\/p>\n