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Real Estate

Home inventory up in Austin: buyers search outside of city limits

Sales decreased since last July in Travis County, but increased in surrounding areas like Williamson, Hays, Bastrop, and Caldwell counties.

August 16, 2024 • 
Morgan O’Neal
A blue house with a red door.

In July 2024, there were 12,661 active listings in the Austin-Round Rock-San Marcos region.

Photo by Brian Cole Photography, provided by Compass

This update is on the house — Austin area home sales are on the decline as buyers scout more affordable homes outside of Travis County.

According to Unlock MLS’ July Central Texas Housing Report, the market saw a 3.5% year-over-year decrease in sales overall in July 2024, while inventory reached its highest point since 2011.

Let’s take a closer look at the state of Austin’s housing market based on the July 2024 market snapshot.

  • The median sales price was $450,000 — a 2.8% decrease from July 2023.
  • There were 12,661 active listings — a 20.3% increase from July 2023. Of those listings, 3,812 were new listings.
    • 2,652 resulted in closed sales, and 2,567 sales were pending.
  • Available homes spent an average of 63 days on the market, up four days from July 2023.
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