🏡 Austin Real Estate Market Update
The Austin, TX real estate market enters the end-of-year season with modest shifts that benefit both buyers and sellers. The current average home value in Austin is about $496,700, down roughly 6.7% over the past 12 months. This decrease reflects softer demand and gives Austin home buyers a little more leverage. Active properties are also seeing longer time on market and more sellers are gradually adjusting prices—median list price remains around $499,000 with a premium price-per-square-foot (~$228) over statewide averages.
As for financing, current mortgage trends show a 30-year fixed rate averaging about 6.30% in Austin, with 15-year fixed around 5.43%. That means borrowing costs are still elevated versus a few years ago, but are lower than recent peaks — offering opportunity for buyers ready to purchase and for sellers to price smartly to stay competitive.
🎉 Austin Events & Festivities
● On November 27, join the annual ThunderCloud Subs Turkey Trot — a 5-mile run / 1-mile walk in downtown Austin, a fun way for locals and newcomers to get active before the holidays.
● As the holiday season kicks in, downtown Austin becomes lively with markets, local vendors, and early holiday-themed gatherings — a vibe that adds to the city’s lifestyle appeal, relevant for those considering moving or selling now.
✨ What This Means for Buyers & Sellers
For buyers: Lower home values + stable mortgage rates = a chance to enter the Austin market with negotiating power. For sellers: Realistic pricing and patience will pay off — homes still move, but expect a bit longer on market and possibly more competition. With Austin’s culture, community events, and a solid real-estate backdrop, now remains a compelling time to explore buying or selling in the city.
