Austin Real Estate Market
Austin, TXTech capital working through a supply-driven price correction
Key Market Stats
Last updated:- Median Price
- $475K
- -9.5% YoY
- Month-over-Month
- +1.3%
- vs. last month
- Active Listings
- 11,051
- homes for sale
- Months of Supply
- 2.5 mo.
- Balanced market
- Days on Market
- 51d
- median
- Cash Buyers
- 25.2%
- of all sales
Prices are median active listing prices (Realtor.com via FRED), not median sale prices. Days on market measures time listed, not days to close. Months of supply estimated from active ÷ new listings.
Side-by-side stats, charts & AI analysis
AI Market Analysis — Austin
Austin is the Sun Belt market undergoing the sharpest correction, and also the one with the most compelling long-term case. Home prices peaked at multi-year highs in mid-2022 and are now meaningfully off their peak on listing prices — and further off on sale prices per Austin Board of Realtors — the largest pullback of any major Sun Belt metro. The cause is structural: Austin permitted an extraordinary volume of new housing during the pandemic boom, and that supply is now absorbing demand. Roughly 31,000 new apartment units delivered in 2024 alone per Colliers, pushing rents down 17–22% from their 2022 peak. For buyers with a 5+ year horizon, Austin offers the most favorable entry point since 2020. Tech employment — anchored by Dell, Apple, Tesla Gigafactory, Samsung's new Taylor semiconductor fab, and a dense startup ecosystem — remains resilient. Round Rock and Pflugerville to the north offer strong value relative to central Austin.
Analysis generated from Redfin, FRED, and Census Bureau data. Updated monthly.
Austin Analysis
Austin's Pandemic Boomerang: What Redfin's Net Outbound Migration Data Means for the Housing Market
5 min read
Austin's Construction Boom Cut Real Rents 19%: What It Means for Renters and Investors in 2026
5 min read
Sun Belt Mortgage Affordability in 2026: Payments Are Down, But Income Ratios Tell a Different Story
6 min read
Austin and Tampa Lead the Nation in Price Cuts: What the AEI's 2026 'Affordability Economy' Report Means for Sun Belt Buyers
8 min read
Charlotte and Nashville Are Now the Sun Belt's Top Corporate Relocation Magnets — What It Means for Housing
7 min read
AEI Projects National Home Prices Turn Negative in April 2026 — What It Means for Phoenix, Austin, Tampa, Nashville, and Charlotte
7 min read
Austin and Tampa: Housing Supply Rises Above Balanced-Market Norms — What the Sun Belt's Deep Buyer Markets Mean for 2026
7 min read
Austin's 20% Correction: The Best Entry Point Since 2020 — Or a Falling Knife?
6 min read
Live Music Capital
Austin
The Live Music Capital of the World
Industries & employers in Austin
BLS / Census · 2025-Q3Total jobs
1.3M
Nonfarm employment, 2025-Q3
Unemployment
3.8%
Seasonally adjusted
Job growth YoY
+1.6%
Year-over-year change
Median HH income
$99K
Census ACS estimate
Industry mix
Share of total nonfarm employment
Major employers
Metro-area headcount estimates
- 47K
State of Texas
Government - 25K
University of Texas at Austin
Education - 23K
Tesla
Manufacturing - 19K
H-E-B
Retail - 13K
Dell Technologies
Tech - 13K
Ascension Seton
Healthcare - 10K
Samsung Austin Semiconductor
Manufacturing - 8.5K
Amazon
Logistics - 8.0K
Apple
Tech - 4.5K
Oracle
Tech
What the job market looks like in Austin
A tech-heavy metro cushioned by a deep government and university base — software hiring is quiet, chips and healthcare are where the openings are.
If you're relocating to Austin for tech in the next year, recalibrate expectations. Software hiring is slow, compensation has reset below 2022 peaks, and Meta, Tesla, and Oracle have all trimmed local headcount. What's cushioning the metro: state government plus UT Austin — roughly 70,000 stable jobs that don't move with the business cycle. Unemployment rose faster than Texas peers during the tech pullback but still sits under four percent, and the labour base is the youngest and most credentialed in the state.
Target semiconductors (Samsung's Taylor fab, Applied Materials), EV manufacturing (Tesla has paused hiring but still employs 22,500), and healthcare — Ascension Seton, St. David's, and the Dell Medical School ecosystem have been net hirers through the downturn. State of Texas agencies are an option if your field matches. The 2020–2022 cost-of-living arbitrage that drew remote workers is largely spent — median household income sits at $99K, but housing has caught up.
Timing: Samsung's $44B Taylor fab ramps through 2026–2027, and the broader Texas semiconductor corridor is shifting Austin's centre of gravity north and east. If your career is in chips, power, or data-center infrastructure, the 24-month outlook is materially stronger than the 6-month one. If it's in consumer software or sales ops, the market may stay flat — worth confirming your target employer before you commit.
Recent corporate moves
- 2024
Samsung
ExpansionExpanded its Taylor fab commitment to roughly $44B with federal CHIPS support, targeting approximately 3,500 direct jobs once ramped.
- 2022
Apple
ExpansionOpened phase one of its $1B north Austin campus, ultimately targeting 15,000 employees in engineering, operations, and customer support.
- 2024
Tesla
LayoffsCut approximately 2,700 jobs at Gigafactory Texas as part of a global 10 percent workforce reduction announced in April.
- 2023
Meta
LayoffsVacated two downtown Austin towers and cut several hundred local roles during its 'year of efficiency' restructurings.
Climate in Austin
NOAA 1991-2020 normalsDays ≥ 100°F
30
Extreme-heat days per year
Days ≥ 90°F
116
Hot days per year
Days ≤ 32°F
19
Freezing days per year
Annual precip
34.5"
86 rainy days/year
Climate hazards
Cfa · Humid subtropical
Hazard levels are editorial ratings aggregated from FEMA, USDA wildfire risk, NOAA storm tracks, and NWS hail climatology. Not insurance or investment advice.
What movers should expect in Austin
Mild winters and spectacular springs give way to oppressive summers — and Central Texas weather swings have grown wilder.
Austin's climate is a study in contrasts. Winters are short and usually mild, with January highs near 62°F and occasional freezes. Spring bluebonnets and 80-degree sunshine last only weeks before summer arrives hard: July and August highs average in the mid-to-upper 90s with 70–75% humidity, and triple-digit days now regularly stretch from June into September. Autumn brings relief but also flash-flood risk, as warm Gulf air colliding with cool fronts dumps rain on the limestone-lined Hill Country watershed that funnels straight into the city.
Practical realities: the ERCOT grid remains the elephant in the room. Austin Energy customers saw 170,000+ outages in the 2023 ice storm, some lasting 10 days, and Uri in 2021 exposed how thin the winter cushion is. Homeowners should budget for a generator or at minimum a cold-weather preparedness kit, and review tree-overhang risk yearly — ice-loaded oaks take down lines fastest. Flood insurance is cheap but worthwhile if you are anywhere near Shoal, Waller, or Onion Creek. Summer electric bills routinely hit $250–$400.
Climate models project more of the same, amplified: more 100°F days, heavier rain events between droughts, and continued freeze volatility that Texas's gas-heavy grid still isn't fully winterized for. The state has added generation since 2021, but regulators and FERC reports still flag structural weaknesses. Newcomers often underestimate how much of the calendar the weather eats — outdoor life is phenomenal for seven months and a logistical puzzle for five.
Historical edge scenarios
- 2021
Winter Storm Uri and the Texas blackouts
In February 2021, Uri drove Austin temperatures into single digits for days. ERCOT-directed rolling blackouts left 4.5+ million Texans without power, some for 70+ hours. At least 246 Texans died; damages ran $80–130 billion statewide.
- 2023
Late-January ice storm
Two days of freezing rain starting January 31, 2023, toppled trees and power lines across Austin. More than 170,000 Austin Energy customers lost power, some for over 10 days. The city collected over 170,000 tons of storm debris in the aftermath.
- 2015
Memorial Day Blanco River flood
On May 23–25, 2015, up to 13 inches of rain on the Hill Country sent the Blanco River to a USGS-estimated 44.9 feet near Wimberley, 10+ feet above the 1929 record. At least 12 people died; more than 320 homes were destroyed in Hays County.
Neighbourhoods
On the streets of Austin
Where people actually live — from historic bungalows to new-build cul-de-sacs.
Neighbourhoods in Austin
From the grid-planned bungalow streets of Hyde Park and the old-money bluffs of Tarrytown above Lake Austin to the rapidly-transforming east-side blocks of East Austin, the greenbelt-hugging homes around Zilker, and the master-planned new-urbanist Mueller community — Austin's neighbourhoods span one of the widest price-and-vibe ranges in Texas. Median home values run from the mid-$500Ks in North Loop to $2M-plus in Tarrytown, with most central options landing in the $700K–$1.2M band.
For walkability, Clarksville, South Congress, Travis Heights, and Hyde Park are the inner-loop pedestrian stars — historic cottages, dense commercial strips, and the shortest downtown commutes in the metro. South Congress trades small lots for proximity to the river, live music, and some of Austin's tightest supply; Hyde Park's 1920s grid is the steadiest long-hold play among central enclaves.
Family-first movers gravitate to Tarrytown for top public schools and Mueller for sustainability-rated new-urbanist planning on the former airport site. The value and appreciation watch: East Austin for modern infill and the steepest price-growth curve in the metro, Barton Hills for direct greenbelt access a mile from downtown, and North Loop for 1940s–50s bungalows at the most affordable central price point still inside the loop.
Common questions about the Austin housing market
Is Austin a buyer's or seller's market?
Austin is currently a balanced market. With 2.5 months of housing supply and a median of 51 days on market, neither buyers nor sellers hold a decisive edge — homes sell at a steady pace without the bidding-war pressure of a tight market.
What is the median home price in Austin?
The median home listing price in Austin, TX is $475,000 as of April 2026. That figure reflects metro-area median list prices sourced from Realtor.com via FRED (Federal Reserve Economic Data) and is refreshed monthly.
Are home prices in Austin rising or falling?
As of April 2026, the median home price in Austin declined 9.5% over the past 12 months and rose 1.3% over the most recent month. The annual figure is still negative, but the recent monthly uptick suggests prices may be finding a floor.
How long do homes take to sell in Austin?
Homes in Austin spend a median of 51 days on market. That measures how long a typical listing stays active before going under contract — not the time it takes to close — and is consistent with a balanced market.
How many homes are for sale in Austin?
There are roughly 11,051 active listings across the Austin metro as of April 2026, equal to about 2.5 months of supply at the current sales pace. Cash buyers account for 25.2% of sales.
Data sources: Redfin Market Data, U.S. Census Bureau, FRED (Federal Reserve Economic Data), local MLS associations. Statistics represent metro-area medians and are updated monthly. Not financial or investment advice.