Austin Housing Market Report – September 2024

Discover how a drop in Austin-area home prices and rising buyer demand shape a new market dynamic. Explore what these trends mean for your next real estate move.

Market Overview

Staying informed about the Austin housing market is crucial whether you’re looking to buy or sell. With fluctuating mortgage rates, changing inventory levels, and shifting buyer demand, making informed decisions is essential in this dynamic environment. In this blog, we’ll dive into the latest trends, analyze key indicators, and discuss what these changes mean for you.

September Market Highlights

According to Unlock MLS’ September 2024 Central Texas Housing Report, the Austin-Round Rock-San Marcos housing market saw the median home price drop by 6% to $425,000, while pending sales surged by 20% year-over-year. Inventory reached 5.9 months, now a buyers market, though affordability remains a challenge.

Homes actively for sale: Up by 11% year-over-year.
Median home prices: $425,000, down 6% from last year.
Time on the market: Average of 79 days, up 10 days.
Pending sales: Increased by 20% year-over-year.
Home sales: Down 2% from last year and 11% from last month.
Housing supply: 5.9 months, up 1.3 months from last year.

Looking Ahead to 2025

Experts, such as Charlie Dougherty from Wells Fargo, forecast mortgage rates easing in 2025, offering potential buyers more affordability. However, national home prices are expected to grow more slowly, around 2.5% annually. Local market appreciation will vary.

Mortgage Rates Near 7%: Will They Stay There?

Mortgage rates, currently in the low 7% range, are expected to stay there for the rest of 2024, following Treasury yield trends. John Coake of Realty Austin Compass advises working with a lender to navigate these fluctuations, emphasizing the importance of timing for affordability.

Connect with Our Team

At the Muñoz Group, we help you navigate market trends, pricing dynamics, and negotiation strategies. Connect with us today to confidently approach your next move.

all articles

Where to Get the Best Pie in Austin

Where can you find the most delicious and memorable pies in Austin? Whether you’re looking for a slice of comfort or a show-stopping dessert for your next gathering, Austin is full of bakeries and bistros that serve up some of the best pie in Texas. Why Pie, and Why Now? There’s something nostalgic and joyful […]

Eat & Drink • Find Your Austin November 7, 2025

Discover Hawkridge: A Gated Hill Country Retreat in Austin

What makes Hawkridge one of the most unique gated communities in the Austin Hill Country? Hawkridge is a boutique, luxury neighborhood in Dripping Springs offering 1+ acre homesites, elegant architecture, and stunning views of the Texas Hill Country—all within easy reach of downtown Austin. Welcome to 88 Acres of Hill Country Bliss Perched just west […]

Find Your Austin • Neighborhoods November 6, 2025

We’re Honored to Be Named a PT50 Semifinalist Again!

What does being named a PT50 Semifinalist mean for our team and our clients? We’re thrilled to share that we’ve been named a 2026 Platinum Top 50® (PT50) Semifinalist! This recognition means a lot to us, not only because of the company we’re in, but because it’s a reflection of the way we consistently serve […]

Press and Awards November 5, 2025

Why Buyers Love Circle C Ranch: A Complete Neighborhood Guide for 2025

Why Buyers Love Circle C Ranch: A Complete Neighborhood Guide for 2025 Snippet Answer: Circle C Ranch in Austin, TX offers buyers an unbeatable mix of modern homes, nature trails, and proximity to downtown — making it one of the city’s most desirable neighborhoods for 2025. A Neighborhood That Defines Southwest Austin Living For homebuyers […]

Find Your Austin • Neighborhoods October 30, 2025

Where Austin Locals Go for Seriously Good Coffee

Where Austin Locals Go for Seriously Good Coffee Wondering where Austin locals who take their coffee very seriously go? View this post on Instagram A post shared by Lisa Muñoz – Austin Realtor (@findyouraustin) Here are three standout spots that never disappoint—plus what makes each one worth discovering. Austin’s Coffee Culture Is More […]

Eat & Drink • Find Your Austin • Things To Do October 29, 2025

First-Time Homebuyer Programs in Austin, TX: Grants, Loans & Assistance

What Financial Assistance and Loan Programs Are Available to First-Time Buyers in Austin, TX? Snippet Answer: First-time homebuyers in Austin, TX can access local and state programs such as the City of Austin Down Payment Assistance Program, TSAHC Home Sweet Texas, and TDHCA My First Texas Home — each designed to lower upfront costs and […]

Buying October 28, 2025

Is Buying a Home Still a Good Investment in Austin?

Is buying a home still worth it in today’s Austin real estate market? Yes—and now might be one of the best opportunities we’ve seen in years. With rates dipping and inventory rising, the current market presents a rare window for well-prepared buyers to invest wisely. Why This Market Might Work in Your Favor As we […]

Buying October 11, 2025

Why So Many People Are Moving to Dripping Springs: Lifestyle, Things to Do & What You Need to Know

What’s it really like to move to Dripping Springs? Dripping Springs offers a rare blend of Hill Country serenity, creative energy, and proximity to Austin. If you’re exploring relocation options or simply curious what draws people here — this guide gives you the full picture. At a Glance: What Is Dripping Springs Lifestyle Like? Small‑town […]

Find Your Austin • Neighborhoods • Things To Do October 8, 2025

Is Buying a Home Still a Good Investment in Austin?

Is Buying a Home Still a Good Investment in Austin? Is it still smart to buy a home in Austin with today’s rates and inventory? Yes — despite a changing market, buying a home remains one of the most reliable long-term investments, especially with improved buyer conditions and growing inventory in Austin. What’s Happening in […]

Buying October 6, 2025

all articles