Austin prices rise modestly as home sales pick up and inventory shrinks
Home prices grew slightly, supported by tighter inventory and steady buyer demand despite high mortgage rates. Lower price points and strong job and population growth help support increased buyer activity.
Buyers gravitate to new construction, boosting home sales
Austin home sales rose nearly 7% from a year ago in July, a sharp improvement from the decline recorded a year earlier. Cottonwood in Hutto, Dripping Springs, and Liberty Hill posted some of the largest sales gains in the metro, largely driven by new construction. These fast-growing areas attracted buyers by offering more affordable options than many central Austin neighborhoods.
Townhome sales activity picked up strongly. Prices had fallen much faster than single-family homes, dropping 37% from their 2022 peak compared with a 20% decline for single-family properties. The correction created a more affordable path into homeownership for many buyers.
Fewer homes hit the market, but buyers still have choices
Inventory remained elevated relative to pre-pandemic norms, even as the number of listings declined from a year ago. The 14,200 homes listed for sale in July 2026 were still 33% more than the pre-pandemic average of 11,700.
Homes also took longer to sell than in most major U.S. metros. Properties spent an average of 71 days on the market, one of the highest readings in the country. For buyers, that meant more opportunities to compare homes and negotiate with sellers.
Home listings fell across much of Austin, with suburban communities leading the decline. Kyle, Easton Park, and Santa Rita Ranch in Liberty Hill recorded some of the largest drops, with inventory about 25% below last year’s levels.
View the latest homes for sale in Austin.
Home prices are stabilizing
Austin home prices edged higher in July, but gains trailed the national pace. Austin’s median home price reached $439,995, up 0.6% from a year ago, compared with a 2.6% increase nationwide. Prices began to stabilize as inventory tightened and sales improved. Affluent neighborhoods such as Westlake, Zilker, and Tarrytown posted some of the strongest price gains, benefiting from limited new construction and strong demand.
That stability helped homeowners preserve much of the value created during the housing boom. By July 2026, Austin’s median home price remained 37% higher than it was in July 2019 and ranked as the highest among major Texas housing markets.
Yet prices were 20% below the market’s peak, offering buyers a meaningful discount relative to peak-era pricing. Buyers continued to have negotiating power. Austin’s sale-to-list price ratio remained below 94%, ranking among the lowest among the nation’s 40 largest housing markets.
Austin Sale Prices
The median home sale price in Austin increased by 0.6% compared to the same time last year, while the national median price rose by 2.6%.
Austin ranks 26th for annual median price change among the top 40 US markets
Austin median home prices rose by $2,495 year over year on a nominal basis in July to $439,995. Meanwhile, the national median home price increased by $10,000 to $400,000.
Austin's median home price is above the nation's
Austin was the 19th highest-priced housing market among the top 40 largest markets last month. The Austin median home price of $439,995 was 10% above the national median home price. Austin's median home price in July compares to the market's peak of $550,995 recorded in April of 2022.
Austin single-family prices were unchanged
The median price of Austin single-family homes remained $450,000 over the past year, while the median townhome price declined by 6.6%, and the median condo price fell by 3%.
Austin Inventory
The number of homes for sale in Austin decreased by 5.7% in July compared to the same time last year, while national homes for sale rose by 4.4%.
Austin's inventory of homes for sale decreases
Austin homes for sale fell by 857 year over year in July to 14,216 homes for sale. Austin ranked 34th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.
Austin homes for sale are above their pre-pandemic levels
Austin homes for sale were above their pre-pandemic levels in the month of July. Austin homes for sale were 27.9% above the July 2019 total of 11,114.
Austin single-family inventory decreases
Austin single-family homes for sale decreased by 5.7% to 11,892 in July. In comparison, townhomes for sale fell by 11% to 387, and condos for sale declined by 4.3% to 1,937.
Austin Home Sales
The number of home sales in Austin increased by 6.9% in July compared to the same time last year, while national home sales rose by 2.9%.
Austin home sales increase
Austin home sales increased by 176 year over year on a nominal basis in July to 2,712. For context, 2,536 sales closed in Austin in July 2025.
Austin's annual home sales activity change ranks fifth nationally
Austin ranked fifth for the annual change in home sales out of the top 40 U.S. markets in July, on a percentage basis. This year's July increase of 6.9% compares to the 7.1% year over year decrease in July 2025.
Single-family sales in Austin are higher than a year ago
Austin single-family sales increased by 6.1% in July to 2,447. In comparison, townhome sales rose by 35.1% to 77, and condo sales rose by 9.3% to 188.
For questions and commentary about this report:
Israel Linares, Senior Market Analyst at CoStar and Homes.com, based in Austin, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Israel Linares
Senior Market Analyst
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Austin during July 2026.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Inventory
Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Home Sales
The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Days on Market
The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Months of Supply (MOS)
Months of Supply (MOS) is equal to active listings divided by homes sold in a given month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Sale to List Price Ratio
The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.