Current Home Sales in the Austin Area: September 2026

What Are Homes in the Austin Area Actually Selling For Right Now?

The Austin area has 10,816 homes for sale right now, with a recent surge of 9,495 new listings coming on the market at an average asking price of $621,565, which is a significant drop of 24% from the previous 90 days. In the last 90 days, 6,403 homes closed at an average price of $584,217 ($256 per square foot), taking 63 days on average to sell. Sellers are feeling the pressure, with 5,925 price reductions averaging $47,562 — up a staggering 1895% compared to the prior window.

Statistic	Value
Active Listings	9,573
Median List Price	$450,000
Average Days on Market	96
Average Price/Sqft	$296
Price Reductions	5,546

What It Means for Buyers

For buyers, the current market conditions present both challenges and opportunities. The drop in average asking prices and significant price cuts indicate that buyers might have more room to negotiate. With the average closing price down 2% from the previous period, there’s potential for securing homes at a better value. However, buyers should be prepared for a competitive landscape, as 2,371 homes went under contract in the last 90 days.

What It Means for Sellers

Sellers in the Austin area need to be strategic. The data shows that homes are taking longer to sell, with an average of 63 days on the market. Additionally, with more than 5,900 price reductions, it's crucial to price your home competitively from the start. Homes are closing at approximately 93.6% of their original asking price, which suggests a need for careful pricing and marketing to attract potential buyers.

What Is New in Development?

Some new communities hitting the market include:

• Marble Creek Crossing by M/I Homes - 16 homes listed since August 13, 2026
• Prospect Park Ph 1 by Brookfield Residential - 13 homes listed since July 8, 2026
• Cedar Brook by M/I Homes - 13 homes listed since July 14, 2026
• Berry Creek Highlands by Ashton Woods - 9 homes listed since July 30, 2026

Next Steps for Buyers and Sellers

Buyers should consider acting quickly to take advantage of the current market dynamics, especially if they find a property that meets their criteria. Sellers should review their pricing strategy and be prepared to make adjustments based on the rapid shifts in market conditions. Consulting with a real estate professional can provide valuable insights tailored to your specific situation.

Frequently Asked Questions

What is the average sale price of homes in Austin right now?

The average closing price of homes in the Austin area is $584,217.

How long are homes staying on the market?

Homes are currently averaging 63 days on the market.

Are there many new listings coming to the market?

Yes, there have been 9,495 new listings in the last 90 days.

What percentage of the asking price are homes selling for?

Homes are selling for approximately 93.6% of their original asking price.