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Austin Real Estate Market: April 2025 Update Shows Rising Inventory and Price Shifts : In April 2025, the Austin-area housing market continues to reflect a major shift in balance between active supply and buyer demand. According to the latest data from Team Price Real Estate, the number of homes listed as active but not yet under contract reached 11,132, marking a 24% increase from April 2024, when the number stood at 8,977. This difference—referred to as “Active Minus Pending”—measures the surplus of homes still available and is one of the clearest indicators of inventory buildup.
To put that in perspective, during April of 2021, Austin had a negative value of -2,698 in this same category, meaning there were more homes under contract than actively listed. The current figure, which is more than four times the 10-year average for April (approximately 4,296), shows how much the market has shifted in just a few years.
At the same time, home prices have continued to adjust. The average sales price in April 2025 is reported at $604,794, which is up slightly from $582,157 in April 2024, showing a 3.9% year-over-year increase. However, the median sold price for April 2025 is $459,000, only a 2.7% increase compared to $447,000 the previous April. While prices are still climbing modestly, they remain well below the peaks seen in 2022.
Price per square foot, another useful measure of home value, remains relatively stable. In April 2025, the average price per square foot across the Austin-area MLS was $272, compared to $269 in April 2024. This slight increase of 1.1% year over year suggests that, although the number of listings has grown significantly, pricing has not dropped at a drastic rate. Looking back over the past decade, the growth is still substantial. Since April 2015, when the average sold price was just over $330,000, the market has seen a nearly 83% increase. Even more dramatic is the growth in price per square foot over that same period, rising from $157 in April 2015 to $272 in April 2025—a gain of over 70%.
Team Price Real Estate’s data also reveals that this is not just a seasonal fluctuation. The 5-year average of April pricing and inventory trends shows a sustained cooling in buyer activity relative to the boom years of 2021 and 2022. With more inventory staying on the market longer, sellers are facing new challenges in pricing and positioning their homes, while buyers have more options and potentially more room for negotiation.
This growing gap between active and pending listings highlights a shift toward a market that is becoming more favorable to buyers. While price growth has not disappeared, it has slowed considerably compared to recent years. With inventory levels reaching a record high and pending contracts not keeping pace, the Austin real estate market in April 2025 offers a snapshot of a more balanced and measured environment.
FAQ Section:
Q1: What is the current state of the Austin housing market as of April 2025?
As of April 2025, the Austin housing market is experiencing an increase in active listings, reaching 15,484, and a slowdown in buyer activity, with pending sales decreasing by 3.9% year-over-year. This indicates a shift towards a more balanced market.
Q2: How has the inventory level changed in Austin's housing market?
The months of inventory in Austin has risen to 5.37 as of mid-April 2025, reflecting a 27.2% increase from the previous year. This suggests that homes are staying on the market longer, providing buyers with more options.
Q3: What are the implications for buyers and sellers in the current market?
For buyers, the increased inventory offers more choices and potentially more negotiating power. For sellers, the market shift means pricing homes competitively is crucial, as the days of rapid sales and bidding wars have diminished.