Market Now

The Austin real estate market has seen a recent price decline, while Houston and San Antonio markets have experienced more modest changes or remained relatively stable. Austin's median sold price has decreased from a peak, but is currently holding steady, with some experts indicating a return to a more balanced market. Houston's median sold price is down slightly compared to last year, and San Antonio's median sold price has remained relatively flat.

Austin:

• The median sold price in Austin has declined from a peak of $550,000 in May 2022 to $409,000 as of January 2025, a 25.6% decrease.

• However, more recent data indicates that the median price has held steady, suggesting a potential stabilization of the market.

• Experts attribute the decline to a shift from the peak of the market in 2022, with rising inventory and increased buyer choice.

• While sales volume is still below 2024 levels, the rate of decline is moderating, and the market is becoming more balanced.

Houston:

• The median price in Houston is down 2.3% compared to the same period last year, with a median price of $323,111.

• The median price per square foot is also down slightly year-over-year.

• There has been a decrease in the number of homes sold compared to last year.

San Antonio:

• The median sold price in San Antonio has remained relatively flat, with a slight increase of 0.4% compared to last year.

• The median price per square foot has also remained stable.

• The market is described as being in a balanced state.

In summary: Austin's market has seen a recent price decline but is now showing signs of stabilization. Houston is experiencing a slight decrease in prices, while San Antonio's market remains relatively stable with a slight price increase.