Austin October Market Recap: Sales Drop, Prices Hold

Austin home sales slowed significantly in October as the market transitioned into its typical seasonal lull. The city recorded 695 closed sales, a 15% decrease from the 825 transactions that closed in September. Despite this drop in volume, median prices remained resilient at $556,000, holding steady with a 0.9% increase compared to October 2025. The pace of sales also shifted, with homes spending an average of 42 days on the market, down 8.7% from September and 17.6% faster than last year. This indicates that while fewer deals are closing, those that do move relatively quickly. The median price per square foot settled at $285, reflecting a slight cooling in pricing power compared to the previous month. Inventory levels remain elevated with 4,307 active listings, creating a balanced environment where buyers have options but sellers face competition. New construction activity continued to play a role, with 69 new homes closing this month. The data suggests a market that is adjusting to higher interest rates and seasonal trends without a significant drop in underlying property values. ALEX Intelligence analyzed the full dataset of 695 closed sales to determine these trends, confirming that while transaction volume has contracted, price stability persists across the Austin city limits. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog