Section Image

Austin Housing Market

By Israel Linares

Austin’s home prices fall 3.2%, but green shoots emerge

Austin’s residential market continued to grapple with a historically high inventory buildup, with more than 15,000 active listings in April. More options available to buyers weighed on home prices, but April showed some early signs of improving conditions.

Austin emerges as a leader in US home sales growth

Home sales increased by 218, or 8.4%, compared to the prior year, the second-highest gain in the country. National growth remained limited at 0.6% over the same period. Sales activity in Austin was largely driven by single-family homes, the most common property type, rising by 194 transactions. Sales also increased by 92 and 163 for townhomes and condos, respectively.

Population growth and job creation continued to support housing demand across both the urban core and fast-growing suburbs. According to the U.S. Bureau of Labor Statistics, Austin added 3,800 jobs in March and 18,700 over the past year. The metro's annual growth rate of 1.3% ranked among the highest in the country.

Listings edge lower, yet Austin’s supply remains elevated

Inventory trends showed initial signs of stabilization. Active listings declined by 0.2% year over year in April 2026, which was the first annual decline since January 2024. Reductions in single-family inventory were the primary driver of the decline. Active listings fell by 106 homes from the prior year, bringing the total to 12,640 listings, a 0.8% decrease.

Active listings reached 15,090, the seventh-highest monthly total on record, but remained below the July 2025 peak of 16,640. Homes also stayed on the market longer, with Austin recording an average of 72 days on market, ranking seventh out of 40 largest U.S. markets.

Affordability headwinds and a historically high inventory weigh on the median home price

The median home price declined by 3.2% year over year, marking the weakest price performance among major U.S. markets. Single-family homes, which accounted for more than 90% of transactions in April 2026, drove much of the decline, with prices falling by 2.4%.

Despite recent declines, prices remained 33% higher than April 2020 levels and ranked higher than major Texas metros, including Dallas-Fort Worth, Houston, and San Antonio.


Dashboard graphic summarized Austin housing indicators in April 2026, showing $434,628 median sale price, 15,090 active listings, and 2,815 home sales.
Austin sale prices moderated to $434,628 and inventory held steady at 15,090, but an increase in home sales to 2,815 offered a positive signal.


Austin Sale Prices

The median home sale price in Austin decreased by 3.2% compared to the same time last year, while the national median price rose by 1.7%.

Austin ranks 40th for annual median price change among the top 40 U.S. markets

Austin median home prices decreased by $14,372 year over year on a nominal basis in April to $434,628. Meanwhile, the national median home price increased by $6,500 to $390,000. 

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 $434,628 was 11.4% above the national median home price. Austin's median home price in April is down from the market's peak of $550,995 recorded in April 2022.

Austin single-family prices decrease

The median price of Austin single-family homes fell $10,660 over the past year to $440,000, while the median townhome price grew 1.4%, and the median condo price rose 5.0%.


Key indicator panel showing Austin April median sale price, annual change, dollar movement, and national ranking.
Austin’s median sale price of $434,628 ranked 19th nationally in April, while its 3.2% annual decline underperformed the U.S. average.


Monthly bar chart of Austin median sale prices from 2018 to April 2026, rising sharply then easing modestly.
Austin prices remained well above pre-pandemic levels, despite gradual declines following the 2022 peak.


Time series chart showing Austin's annual percent change in home sale prices, peaking in 2021–2022 before turning negative.
Austin’s year-over-year price decline continued, reflecting a gradual correction from peak values reached during the 2021 and 2022 market cycle.


Bar chart showing Austin’s year-over-year April sale price changes from 2018 through 2026, shifting from gains to declines.
Austin home prices declined 3.2% from a year earlier in April, closely mirroring last year’s rate of change.


Horizontal bar chart ranking U.S. metros by April median sale price, highlighting Austin around the middle of major cities.
Austin’s April home prices landed near the national midpoint, less expensive than coastal metros but higher than most Texas markets.


Bar chart ranking U.S. metros by annual percent change in sale prices, showing Austin posting a 3.2% year-over-year decline.
Austin’s April year-over-year price decline was the sharpest among the 40 largest U.S. metros, with other major Texas metros also posting declines.


Dashboard summarizing Austin April sale prices by property type, including medians, annual percent changes, and dollar changes.
Price trends diverged across Austin housing types. Condos outperformed and single-family homes continued adjusting downward.


Side-by-side bars showing Austin April sale prices and annual changes for single-family homes, townhomes, and condos.
Austin’s April data showed price growth concentrated in condos and townhomes, while single-family home prices declined by 2.4%.


Austin Inventory

The number of active listings in Austin decreased by 0.2% in April compared to the same time last year, while national active listings rose by 6.3%.

Austin's inventory of homes for sale decreases

Austin active listings fell by 27 year over year in April to 15,090 active listings. Austin ranked 33rd, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.

Austin active listings are above their pre-pandemic levels

Austin active listings were above their pre-pandemic levels in the month of April. Austin active listings were 45.2% above the April 2019 total of 10,394.

Austin single-family inventory decreases

Austin single-family active listings decreased by 0.8% to 12,646 in April. In comparison, townhome active listings fell by 0.6% to 722, and condo active listings increased by 5.1% to 1,722.


Dashboard-style chart showing key indicators for Austin active listings in April 2026. Austin reports 15,090 active listings, a 0.2% annual change (27 listings), ranking 16th in total inventory. The U.S. overall shows 1.39 million listings, up 6.3% year over year.
Austin's inventory was essentially flat year over year, in contrast to strong national growth in active listings.


Vertical bar chart showing monthly active listings in Austin from 2018 through April 2026. Inventory rises sharply after 2022, peaks above 16,000, and settles near 15,000 listings in the most recent month.
April active listings increased 6.6% month over month as the spring homebuying season got underway, but they were slightly lower on a year-over-year basis.


Bar chart showing Austin’s annual percent change in active listings by month from 2018 through April 2026. Growth accelerates after 2022, then moderates to approximately -0.2% year over year in the latest reading.
The annual growth rate for Austin listings cooled significantly, hovering near zero after strong gains in prior years.


Bar chart displaying the annual change in the number of active listings in Austin by month. The most recent data point shows a decline of 0.2% year over year as of April 2026.
Active listings in Austin declined year over year in April, offering an early sign that inventory was stabilizing.


Horizontal bar chart ranking major U.S. metro areas by active residential listings in April 2026. Houston, Dallas–Fort Worth, and Atlanta lead with the highest inventory, while Austin, Texas, shows 15,090 active listings, highlighted in blue, ranking 16th nationally.
In April, Austin recorded just over 15,000 active listings, placing it 16th nationally, well behind inventory-heavy markets like Houston and Dallas–Fort Worth but in the middle of major U.S. metros.


Year-over-year change in active listings by metro, led by Columbus gains, while Austin and Sun Belt markets declined.
Austin ranked among the few large metros with a year-over-year decline in April listings, while most markets continued to post inventory gains.


Grid of key indicators for Austin active listings by property type in April 2026. Single-family homes show 12,646 listings ( 0.8%, -106 units), townhome homes 722 listings ( 0.6%, -4 units), and condos 1,722 listings, up 5.1% (+83 units) year over year.
Condo inventory stood out as the only property type posting growth, while single-family and townhome listings declined slightly from last year.


Active listings by property type, with detached declining slightly, attached down, and condo inventory rising on a percentage basis.
Condo listings increased year over year in April, while both single-family and townhome listings posted modest declines.


Austin Home Sales

The number of home sales in Austin increased by 8.4% in April compared to the same time last year, while national home sales rose by 0.6%.

Austin home sales increase

Austin home sales increased by 218 year over year on a nominal basis in April to 2,815. For context, 2,597 sales closed in Austin in April 2025.

Austin's annual home sales activity change ranks fourth nationally

Austin ranked fourth for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April increase of 8.4% compares to the 10.5% year over year decrease in April 2025.

Single-family sales in Austin are higher than a year ago

Austin single-family sales increased by 8.2% in April to 2,560. In comparison, townhome sales rose by 5.7% to 92, and condo sales rose by 13.2% to 163.


Key indicator panel summarizing Austin April home sales, including total transactions, annual percent change, and nominal growth.
Austin's annual home sales increase of 218 ranked second in the country, highlighting steady demand despite elevated mortgage rate pressures.


Bar chart showing total Austin home sales in April 2026, with volumes lower than early 2020 highs but stabilizing recently.
Austin recorded 2,815 home sales in April, up from 2,600 a year ago but below the five-year pre-pandemic average of 2,915.


Time series area chart showing Austin's annual percent change in home sales from 2018 through April 2026, ending positive.
Austin recorded its third-consecutive month of year-over-year home sales growth from February to April 2026.


Vertical bar chart showing Austin’s year over year change in April home sales by year, with 8.4 percent growth in 2026.
April home sales in Austin increased year over year, a notable rebound following a more than 10% annual decline in April 2025.


Horizontal bar chart ranking U.S. metros by total April home sales, with Austin positioned in the middle of major markets.
Austin ranked in the middle of the pack nationally for total April home sales, trailing larger metros but outperforming several peer markets.


Horizontal bar chart ranking U.S. metros by April annual home sales change, showing Austin up 8.4 percent year over year.
Austin posted annual home sales growth of 8.4% in April, an increase of 218 homes sold, which outpaced most major metros.


Dashboard summarizing Austin April home sales by property type, showing sales counts, annual growth percentages, and numerical changes.
All Austin property types recorded positive annual home sales growth, with condos outperforming single-family and townhomes.


Bar charts showing Austin April home sales by property type and annual growth, led by single-family volume and strong condo percentage gains.
Single-family homes drove 90% of Austin sales volume in April, while condos posted the fastest annual growth rate.


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

ilinares@costar.com

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 April 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.

 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.

Writer
Israel Linares

Israel Linares is a Senior Market Analyst at CoStar and Homes.com, where he analyzes residential and commercial real estate trends in the Austin region. His analysis centers on home prices, housing supply, and market cycles, examined within the context of broader economic conditions. He also focuses on the multifamily sector, tracking rental performance, development activity, and shifting market fundamentals to support informed, data‑driven decisions. He brings eight years of experience in real estate analytics, including prior roles as a Senior Data Analyst at CBRE. Israel holds a finance degree from Boston University and regularly provides trusted analysis and commentary to local and international media, including the BBC, as well as industry audiences.

Read Full Bio

To explore previous editions of this report, please visit our archive.