March 2025 Central Texas Housing Market Report

by Move Smart Pros .

Q1 Market Update: What’s Happening in the Austin Real Estate Market?

The latest numbers are in from Unlock MLS, and here’s what we’re seeing across the Austin-area housing market in the first quarter of 2025.

Home sales are down, with 6,698 residential sales across the Austin region — a 9.1% drop compared to this time last year. At the same time, median home prices dipped slightly by 2.3%, bringing the median to $429,869.

So what does that mean if you’re buying or selling right now?
It’s clear we’re still feeling the impact of high mortgage rates and broader economic uncertainty. While that’s slowed activity for now, housing inventory has increased — we’re sitting at 5.3 months of inventory, which is the closest we’ve been to a balanced market in a long time.

March was a key factor in the Q1 numbers: sales were down 9.3% across the five-county area, but new listings were actually up by 9.5%, and median prices held steady compared to last March.

Dr. Clare Knapp, housing economist for Unlock MLS and the Austin Board of REALTORS®, summed it up well:

“We started the year with a continuation of similar trends that shaped the market in 2024. However, stubbornly high mortgage rates and a weaker local labor market weighed on buyer confidence, while many sellers remained reluctant to adjust pricing expectations. That squeeze on buyer power shaped much of the activity we saw in the first quarter, reinforcing the need for greater flexibility and balance on both sides of the transaction.”

For buyers, the market is offering more options. Active listings rose nearly 19% compared to Q1 last year, giving buyers more time and flexibility to make decisions — and more room to negotiate.

Brandy Wuensch, 2025 Unlock MLS and ABoR president, explains:

“With a wider range of listings to choose from, buyers are using this time to evaluate their choices, be selective and focus on homes that best fit their needs and lifestyle. This shift allows buyers to be more intentional with their decisions and to plan for long-term success. Working with a REALTOR® is essential in this kind of environment — someone who understands the nuances of the local market can help buyers navigate every step of the process with confidence and make more informed, strategic moves.”

Bottom Line:
Yes, activity is slower — but opportunity is growing. Whether buying or selling, the market is moving at a more thoughtful pace, offering a clearer view of where things stand and where they may be heading next.

Austin-Round Rock-San Marcos MSA

Q1 2025 - For Sale

6,698 – Residential homes sold, 9.1% less than Q1 2024.
$429,869 – Median price for residential homes, 2.3% less than Q1 2024.
12,649 – New home listings on the market, 8.5% more than Q1 2024.
31,930 – Active home listings on the market, 18.9% more than Q1 2024.
7,539 – Pending sales, 6.0% less than Q1 2024.
5.3 – Months of inventory, 1.1 months more than Q1 2024.
$3,440,987,846 – Total dollar volume of homes sold, 8.1% less than Q1 2024.
93.5% – Average close to list price, compared to 93.8% in Q1 2024.

March 2025 - For Sale

2,461 – Residential homes sold, 9.3% less than March 2024.
$446,000 – Median price for residential homes, 0.9% less than March 2024.
5,142 – New home listings on the market, 9.5% more than March 2024.
11,659 – Active home listings on the market, 18.8% more than March 2024.
3,064 – Pending sales, 3.1% more than March 2024.
4.8 – Months of inventory, 0.7 months more than March 2024.
$1,447,661,800 – Total dollar volume of homes sold, 6.7% less than March 2024.
94.4% – Average close to list price, compared to 94.8% in March 2024.

March 2025 - For Lease

2,021 – Closed leases, 0.2% less than March 2024.
$2,200 – Median price for rent, 4.1% less than March 2024.
2,387 – New lease listings on the market, 1.2% less than March 2024.
3,647 – Active lease listings on the market, 0.9% less than March 2024.
2,283 – Pending leases, 10.9% more than March 2024.
1.8 – Months of inventory, flat compared to March 2024.
$3,946,012 – Total dollar volume of leases, 8.4% less than March 2024.
96.8% – Average close to list price, compared to 97.1% in March 2024.

City of Austin

March 2025 - For Sale

857 – Residential homes sold, 8.9% less than March 2024.
$590,750 – Median price for residential homes, 5.5% more than March 2024.
2,125 – New home listings on the market, 17.3% more than March 2024.
4,363 – Active home listings on the market, 23.7% more than March 2024.
1,013 – Pending sales, 4.2% less than March 2024.
5.2 – Months of inventory, 0.9 months more than March 2024.
$665,174,058 – Total dollar volume of homes sold, 4.3% less than March 2024.
94.0% – Average close to list price, compared to 94.6% in March 2024.

March 2025 - For Lease

892 – Closed leases, 5.7% less than March 2024.
$2,450 – Median price for rent, flat compared to March 2024.
1,102 – New lease listings on the market, 6.2% less than March 2024.
1,840 – Active lease listings on the market, 7.9% less than March 2024.
1,036 – Pending leases, 7.0% more than March 2024.
2.1 – Months of inventory, flat compared to March 2024.
$2,202,410 – Total dollar volume of leases, 8.4% less than March 2024.
96.8% – Average close to list price, compared to 95.9% in March 2024.

Travis County

March 2025 - For Sale

1,117 – Residential homes sold, 11.2% less than March 2024.
$529,950 – Median price for residential homes, 4.9% more than March 2024.
2,658 – New home listings on the market, 14.7% more than March 2024.
5,735 – Active home listings on the market, 18.6% more than March 2024.
1,342 – Pending sales, 2.8% less than March 2024.
5.3 – Months of inventory, 1.0 months more than March 2024.
$807,612,791– Total dollar volume of homes sold, 5.7% less than March 2024.
94.0% – Average close to list price, compared to 94.5% in March 2024.

March 2025 - For Lease

1,063 – Closed leases, 0.8% less than March 2024.
$2,350 – Median price for rent, 2.1% less than March 2024.
1,315 – New lease listings on the market, 0.8% more than March 2024.
2,192 – Active lease listings on the market, 2.8% less than March 2024.
1,209 – Pending leases, 11.0% more than March 2024.
2.1 – Months of inventory, flat compared to March 2024.
$2,497,865 – Total dollar volume of leases, 5.0% less than March 2024.
96.9% – Average close to list price, compared to 95.9% in March 2024.

Williamson County

March 2025 - For Sale

818 – Residential homes sold, 9.9% less than March 2024.
$418,000 – Median price for residential homes, 1.6% less than March 2024.
1,550 – New home listings on the market, 11.1% more than March 2024.
3,432 – Active home listings on the market, 26.3% more than March 2024.
1,057 – Pending sales, 1.5% more than March 2024.
4.3 – Months of inventory, 0.8 months more than March 2024.
$387,853,193 – Total dollar volume of homes sold, 11.9% less than March 2024.
95.8% – Average close to list price, compared to 95.4% in March 2024.

March 2025 - For Lease

697 – Closed leases, 0.2% less than March 2024.
$2,150 – Median price for rent, 2.3% less than March 2024.
809 – New lease listings on the market, 0.5% more than March 2024.
1,043 – Active lease listings on the market, 4.5% more than March 2024.
795 – Pending leases, 11.8% more than March 2024.
1.5 – Months of inventory, 0.1 months more than March 2024.
$1,130,533 – Total dollar volume of leases, 13.1% less than March 2024.
97.2% – Average close to list price, compared to 99.0% in March 2024.

Hays County

March 2025 - For Sale

370 – Residential homes sold, 5.7% less than March 2024.
$390,000 – Median price for residential homes, 2.0% more than March 2024.
676 – New home listings on the market, 1.5% less than March 2024.
1,704 – Active home listings on the market, 8.5% more than March 2024.
497 – Pending sales, 25.5% more than March 2024.
4.7 – Months of inventory, 0.7 months more than March 2024.
$188,753,811 – Total dollar volume of homes sold, 1.3% less than March 2024.
92.8% – Average close to list price, compared to 95.0% in March 2024.

March 2025 - For Lease

211 – Closed leases, 9.4% more than March 2024.
$1,989 – Median price for rent, 7.5% less than March 2024.
236 – New lease listings on the market, 18.6% more than March 2024.
316 – Active lease listings on the market, flat compared to March 2024.
227 – Pending leases, 12.4% more than March 2024.
1.5 – Months of inventory, 0.1 months less than March 2024.
$250,334 – Total dollar volume of leases, 18.1% less than March 2024.
95.4% – Average close to list price, compared to 97.0% in March 2024.

Bastrop County

March 2025 - For Sale

126 – Residential homes sold, 10.2% more than March 2024.
$351,250 – Median price for residential homes, 6.3% less than March 2024.
211 – New home listings on the market, 5.8% less than March 2024.
645 – Active home listings on the market, 23.8% more than March 2024.
119 – Pending sales, 12.3% more than March 2024.
5.3 – Months of inventory, 0.8 months more than March 2024.
$52,713,495 – Total dollar volume of homes sold, 6.7% more than March 2024.
93.7% – Average close to list price, compared to 92.2% in March 2024.

March 2025 - For Lease

34 – Closed leases, 26.1% less than March 2024.
$2,200 – Median price for rent, 10.0% more than March 2024.
52 – New lease listings on the market, 15.6% more than March 2024.
69 – Active lease listings on the market, 6.8% less than March 2024.
37 – Pending leases, 5.1% less than March 2024.
2.1 – Months of inventory, 0.5 months more than March 2024.
$55,960 – Total dollar volume of leases, 3.0% less than March 2024.
96.6% – Average close to list price, compared to 96.3% in March 2024.

Caldwell County

March 2025 - For Sale

31 – Residential homes sold, 22.8% less than March 2024.
$336,498 – Median price for residential homes, 10.3% more than March 2024.
47 – New home listings on the market, 38.2% less than March 2024.
143 – Active home listings on the market, 13.3% less than March 2024.
49 – Pending sales, 2.1% more than March 2024.
4.8 – Months of inventory, 0.7 months more than March 2024.
$10,728,511 – Total dollar volume of homes sold, 25.9% less than March 2024.
95.3% – Average close to list price, compared to 92.9% in March 2024.