If you’re keeping an eye on the Austin housing market, now is a moment worth watching. According to Zillow, the average home value in Austin is about $497,815, which is down ~6.8 % year-over-year. Zillow Redfin reports that in September 2025, the median sale price dipped to roughly $507 K, down nearly 9.5 % compared to the previous year. Redfin Inventory is creeping upward too — with the months of supply in the market rising to nearly 5.82 months, up 13 % year-over-year. teamprice.com On the financing side, the average 30-year fixed mortgage rate in the U.S. is hovering around 6 %, its lowest level this year and offering a glimmer of relief for buyers. ABC News+1
What does that mean for you? For buyers, it’s an interesting window: more inventory, modest price declines, and a chance to negotiate in neighborhoods like South Austin, Zilker, or East Austin. For sellers, it means the market is shifting — still good housing fundamentals, but marketing, condition, pricing and urgency matter more than during the frenzy years. For folks considering relocating into the Greater Austin area or investing in a rental, the key word is strategic — and now is a moment to start planning.
What’s Happening in Austin This Weekend
Austin isn’t just a great place to live — it’s a city you want to live in. This weekend brings some standout happenings that spotlight our cultural vibe and why location in Austin matters just as much as the home itself:
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The Austin Film Festival kicks off October 23 and runs through the 30th downtown, drawing film-lovers, industry professionals and visitors from out of town — boosting foot traffic, hotel stays and neighborhood activity. Austin Film Festival
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On Saturday, October 25, the Viva la Vida Festival takes over 4th Street & Congress at noon with a Día de los Muertos celebration: live music, art installations, food vendors and vibrant community energy. Mexic-Arte Museum
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Also October 25–26: the inaugural Wicked Oaks Festival at Carson Creek Ranch. This two-day music + art + camping experience draws Gen Z/young millennial crowds and taps into Austin’s reputation as a creative hub. Wicked Oaks Festival
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For live music lovers, head to venues like ACL Live at The Moody Theater and 3TEN Austin this weekend — shows include “One More Time: A Tribute to Daft Punk” (Oct 24) and Anella’s “The Crashing This Party Tour” (Oct 26). Austin City Limits Live
Why This Matters for Real Estate
When major festivals, film events and live-music weekends hit the Austin calendar, it does more than entertain — it energizes neighborhoods, increases short-term visitors and affects local dining and retail traffic. For someone buying a home or investing in Austin, that means thinking beyond the four walls: Walkability to nightlife, proximity to event hubs, and neighborhood vibes all factor into long-term value. Combine that with current market conditions (price adjustments + more choices + decent mortgage rates) and you have a scenario where timing, location and lifestyle align — especially for those willing to engage thoughtfully.
