Austin, Texas started 2024 with a total of 1,873 single-family homes on the market, with a median home price of $700,000 and an average price per square foot of $462.95. By the end of the year, inventory had increased to 2,044 homes on the market (+9%), with a median home price of $675,000 (-4%), and an average price per square foot of $438 (-5%).
At the start of 2024, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 98 days.
Austin, Texas started the year with 51.20% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 51.03% of homes for sale had taken a price cut.
