December 2024 Central Texas Housing Market Report

AUSTIN, Texas — In 2024, closed sales across the Austin-Round Rock-San Marcos MSA remained stable, ticking down 0.5% to 29,872 sales, according to the December 2024 and Year-End Central Texas Housing Market Report released by Unlock MLS today. During the same period, active listings increased 14.7% to 132,993 listings offering buyers more opportunities. Together, the data reflects buyers’ ability to find homes that meet their needs within the current market conditions and sellers viewing the market as favorable.

Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, predicts that the coming year will mirror 2024’s conditions offering consistency for homebuyers and sellers.

“2025 market activity will likely look similar to trends observed in 2024 with the median sales price and closed sales hovering between 5% up or down year-over-year. This stability will give homebuyers and sellers clear expectations to plan their next steps more confidently. Additionally, mortgage rates will likely hover between 6 and 7%, as the Federal Reserve adopts a cautious approach to potential rate cuts. This consistency will allow both buyers and sellers to benefit from a predictable lending environment. However, external factors, such as economic shifts or policy changes, could influence these trends, underscoring the importance of staying informed and adaptable to navigate the market successfully.”

Knapp added that while 2024 was a better year for first-time home buyers due to the increase in supply, there is still much work to be done to tackle the region’s affordability issues.

Brandy Wuensch, 2025 Unlock MLS and ABoR president, emphasized the advantages buyers and sellers have in the new year.

“There are unique opportunities for both buyers and sellers this new year. For buyers, the MSA has the highest inventory levels seen in over a decade, offering more choices and greater leverage in negotiations. Sellers, meanwhile, can capitalize on significant equity gains accrued over the past few years. We are finally seeing predictability in our market, making this an ideal time to pursue homeownership goals with the guidance of a licensed professional agent.”

Wuensch also said that the Austin Board of REALTORS® looks forward to the continued collaboration with the City of Austin to address the region’s affordability issues this year.

"While the increase of supply across the MSA helped ease affordability constraints, it does not solve long-term affordability challenges. In 2024, the Austin City Council took bold steps to address Austin’s affordability crisis to make housing more attainable to Austinites especially teachers, first responders, young professionals, and retirees by revising outdated land development codes. We are proud to have played a part in driving this progress forward. As we look to the future, we are eager to continue collaborating with Council on additional reforms to address the affordability challenges in our region to ensure we are building a more affordable and attainable Austin for everyone.”

Austin-Round Rock-San Marcos MSA

2024

• 29,872 – Residential homes sold, 0.5% less than 2023.
• $445,000 – Median price for residential homes, 1.7% less than 2023.
• 45,449 – New home listings on the market, 8.7% more than 2023.
• 132,993 – Active home listings on the market, 14.7% more than 2023.
• 30,369 – Pending sales, 2.2% more than 2023.
• $17,094,934,330 – Total dollar volume of homes sold, 1.5% less than 2023.

December 2024

• 2,303 – Residential homes sold, 2.5% more than December 2023.
• $450,000 – Median price for residential homes, 1.4% more than December 2023.
• 2,070 – New home listings on the market, 9.5% more than December 2023.
• 8,494 – Active home listings on the market, 10.1% more than December 2023.
• 2,011 – Pending sales, 3.1% more than December 2023.
• 3.8 – Months of inventory, 0.8 months more than December 2023.
• $1,332,504,135 – Total dollar volume of homes sold, 7.0% more than December 2023.
• 92.2% – Average close to list price, compared to 91.6% in December 2023.

Travis County

2024

• 13,203 – Residential homes sold, 3.2% less than 2023.
• $515,000 – Median price for residential homes, 0.4% less than 2023.
• 21,741 – New home listings on the market, 4.5% more than 2023.
• 65,636 – Active home listings on the market, 17.1% more than 2023.
• 13,393 – Pending sales, 0.8% less than 2023.
• $9,172,819,720 – Total dollar volume of homes sold, 2.9% less than 2023.

December 2024

• 1,011 – Residential homes sold, 11.3% more than December 2023.
• $512,500 – Median price for residential homes, 2.5% more than December 2023.
• 860 – New home listings on the market, 1.7% less than December 2023.
• 3,893 – Active home listings on the market, 8.7% more than December 2023.
• 825 – Pending sales, 1.1% less than December 2023.
• 4.0 – Months of inventory, 0.9 months more than December 2023.
• $705,912,552 – Total dollar volume of homes sold, 15.2% more than December 2023.
• 92.2% – Average close to list price, compared to 90.9% in December 2023.

Williamson County

2024

• 10,360 – Residential homes sold, 2.0% less than 2023.
• $429,000 – Median price for residential homes, 1.4% less than 2023.
• 14,110 – New home listings on the market, 9.2% more than 2023.
• 38,015 – Active home listings on the market, 9.9% more than 2023.
• 10,545 – Pending sales, 0.8% more than 2023.
• $5,031,902,867 – Total dollar volume of homes sold, 3.4% less than 2023.

December 2024

• 806 – Residential homes sold, 8.2% less than December 2023.
• $425,000 – Median price for residential homes, 2.2% less than December 2023.
• 693 – New home listings on the market, 18.3% more than December 2023.
• 2,550 – Active home listings on the market, 18.3% more than December 2023.
• 709 – Pending sales, 0.3% more than December 2023.
• 3.2 – Months of inventory, 0.7 months more than December 2023.
• $388,997,982 – Total dollar volume of homes sold, 7.9% less than December 2023.
• 92.3% – Average close to list price, compared to 92.2% in December 2023.

Hays County

2024

• 4,526 – Residential homes sold, 7.3% more than 2023.
• $380,000 – Median price for residential homes, 4.8% less than 2023.
• 6,772 – New home listings on the market, 19.1% more than 2023.
• 20,330 – Active home listings on the market, 14.4% more than 2023.
• 4,622 – Pending sales, 10.8% more than 2023.
• $2,200,405,726 – Total dollar volume of homes sold, 6.3% more than 2023.

December 2024

• 356 – Residential homes sold, 7.4% more than December 2023.
• $399,990 – Median price for residential homes, flat compared to December 2023.
• 356 – New home listings on the market, 13.4% more than December 2023.
• 1,366 – Active home listings on the market, 4.2% more than December 2023.
• 351 – Pending sales, 19.0% more than December 2023.
• 3.9 – Months of inventory, 0.3 months more than December 2023.
• $183,539,494 – Total dollar volume of homes sold, 14.6% more than December 2023.
• 91.4% – Average close to list price, compared to 91.5% in December 2023.

Bastrop County

2024

• 1,310 – Residential homes sold, 7.2% more than 2023.
• $360,000 – Median price for residential homes, 2.7% less than 2023.
• 2,170 – New home listings on the market, 18.8% more than 2023.
• 7,259 – Active home listings on the market, 19.1% more than 2023.
• 1,323 – Pending sales, 7.9% more than 2023.
• $532,811,486 – Total dollar volume of homes sold, 5.5% more than 2023.

December 2024

• 108 – Residential homes sold, 8.8% more than December 2023.
• $380,000 – Median price for residential homes, 1.3% more than December 2023.
• 120 – New home listings on the market, 34.8% more than December 2023.
• 565 – Active home listings on the market, 13.7% more than December 2023.
• 95 – Pending sales, flat compared to December 2023.
• 5.3 – Months of inventory, 1.1 months more than December 2023.
• $46,788,483 – Total dollar volume of homes sold, 17.4% more than December 2023.
• 92.9% – Average close to list price, compared to 91.1% in December 2023.

Caldwell County

2024

• 473 – Residential homes sold, 26.1% more than 2023.
• $294,990 – Median price for residential homes, 1.7% less than 2023.
• 656 – New home listings on the market, 16.9% more than 2023.
• 1,753 – Active home listings on the market, 17.7% more than 2023.
• 486 – Pending sales, 31.4% more than 2023.
• $124,067,144 – Total dollar volume of homes sold, flat compared to 2023.

December 2024

• 24 – Residential homes sold, 28.6% less than December 2023.
• $275,000 – Median price for residential homes, 14.6% less than December 2023.
• 41 – New home listings on the market, 57.7% more than December 2023.
• 120 – Active home listings on the market, 30.2% less than December 2023.
• 31 – Pending sales, 63.2% more than December 2023.
• 4.3 – Months of inventory, 0.3 months more than December 2023.
• $7,265,624 – Total dollar volume of homes sold, 29.7% less than December 2023.
• 91.7% – Average close to list price, compared to 91.3% in December 2023.