November 2024 Central Texas Housing Market Report

AUSTIN, Texas – In November across the Austin-Round Rock-San Marcos MSA, closed sales ticked up 4.6% to 2,130 closed listings, indicating a positive sign for buyers and sellers as the market continues to stabilize, according to the latest Central Texas Housing Report released by Unlock MLS. The growth in sales is reflective of September’s lower mortgage rates and consistent sales activity earlier in the fall.

Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that November’s data reflects continued stability in Austin’s housing market.

“November’s sales increase is largely tied to the activity we saw in September and October when mortgage rates inched down to 6.08% and prospective buyers felt encouraged to move towards buying a home. What’s driving behavior in the market is where mortgage rates land. Moving forward, despite higher mortgage rates, sales activity should remain relatively consistent year-over-year.

Kent Redding, 2024 Unlock MLS and ABoR president, highlighted the current momentum in the market, emphasizing both the opportunities for buyers and sellers as the market continues to stabilize heading into the new year.

“With solid pending sales activity and steady inventory levels, Austin’s housing market is positioned for a steady close to the year. Buyers who locked in lower rates earlier this fall are now finalizing purchases, while sellers are finding promising opportunities as the market stabilizes with the guidance of REALTORS®. Whether you’re ready to build equity through homeownership or have your sights set on a specific neighborhood, now is the time to act and make your move.”

Austin-Round Rock-San Marcos MSA

• 2,130 – Residential homes sold, 4.6% more than November 2023.
• $435,000 – Median price for residential homes, 2.4% more than November 2023.
• 2,570 – New home listings on the market, 2.2% less than November 2023.
• 10,845 – Active home listings on the market, 5.2% more than November 2023.
• 2,255 – Pending sales, 16.7% more than November 2023.
• 4.8 – Months of inventory, 1.1 months more than November 2023.
• $1,193,804,656 – Total dollar volume of homes sold, 8.2% more than November 2023.
• 92.7% – Average close to list price, flat compared to November 2023.

City of Austin

• 674 – Residential homes sold, 9.2% more than November 2023.
• $573,400 – Median price for residential homes, 2.0% more than November 2023.
• 835 – New home listings on the market, 7.9% less than November 2023.
• 3,778 – Active home listings on the market, 3.8% more than November 2023.
• 738 – Pending sales, 29.7% more than November 2023.
• 5.3 – Months of inventory, 1.5 months more than November 2023.
• $512,095,983 – Total dollar volume of homes sold, 13.9% more than November 2023.
• 91.8% – Average close to list price, compared to 92.0% in November 2023.

Travis County

• 899 – Residential homes sold, 6.0% more than November 2023.
• $515,000 – Median price for residential homes, 4.1% more than November 2023.
• 1,153 – New home listings on the market, 5.3% less than November 2023.
• 5,115 – Active home listings on the market, 2.9% more than November 2023.
• 1,009 – Pending sales, 30.2% more than November 2023.
• 5.4 – Months of inventory, 1.5 months more than November 2023.
• $621,458,660 – Total dollar volume of homes sold, 8.9% more than November 2023.
• 92.4% – Average close to list price, compared to 91.9% in November 2023.

Williamson County

• 752 – Residential homes sold, 5.2% more than November 2023.
• $423,120 – Median price for residential homes, 1.0% more than November 2023.
• 744 – New home listings on the market, 9.4% less than November 2023.
• 3,047 – Active home listings on the market, 5.2% more than November 2023.
• 770 – Pending sales, 2.7% more than November 2023.
• 3.9 – Months of inventory, 0.9 months more than November 2023.
• $359,872,646 – Total dollar volume of homes sold, 8.2% more than November 2023.
• 93.3% – Average close to list price, flat to November 2023.

Hays County

• 363 – Residential homes sold, 3.4% more than November 2023.
• $368,015 – Median price for residential homes, flat compared to November 2023.
• 474 – New home listings on the market, 12.6%more than November 2023.
• 1,830 – Active home listings on the market, 7.0% more than November 2023.
• 353– Pending sales, 13.5% more than November 2023.
• 4.5 – Months of inventory, 0.5 months more than November 2023.
• $166,391,051 – Total dollar volume of homes sold, 6.8% more than November 2023.
• 92.0% – Average close to list price, compared to 92.9% in November 2023.

Bastrop County

• 87 – Residential homes sold, 9.8% more than November 2023.
• $372,500 – Median price for residential homes, 6.4% more than November 2023.
• 161 – New home listings on the market, 15.8% more than November 2023.
• 664 – Active home listings on the market, 20.9% more than November 2023.
• 101 – Pending sales, 34.7% more than November 2023.
• 7.0 – Months of inventory, 2.3 months more than November 2023.
• $37,020,581– Total dollar volume of homes sold, 19.5% more than November 2023.
• 92.1% – Average close to list price, compared to 91.3% in November 2023.

Caldwell County

• 30 – Residential homes sold, 31.3% less than November 2023.
• $286,000 – Median price for residential homes, 4.7% less than November 2023.
• 38 – New home listings on the market, 26.7% more than in November 2023.
• 189 – Active home listings on the market, 4.4% more than November 2023.
• 22 – Pending sales, 4.8% more than November 2023.
• 4.0 – Months of inventory, 0.3 months less than November 2023.
• $9,061,719 – Total dollar volume of homes sold, 32.7% less than November 2023.
• 94.4% – Average close to list price, compared to 95.9% in November 2023.

For more information or to download the November 2024 Central Texas Housing Report, visit UnlockMLS.com/Stats.