Central Austin Median Price Drops 2.3% in September

The median home price in Central Austin dropped 2.3% in September compared to August, settling at $745,000 across 129 closed sales. This marks a 6.0% decline from the same month last year when prices reached $792,500. While the number of homes sold remained relatively stable with only a 2.3% decrease from August, the market is showing signs of shifting as inventory levels rise. Current months of inventory stand at 5.06, calculated from 808 active listings against the monthly closing pace. This figure suggests a transition toward a more balanced market compared to the tighter conditions seen in previous months. Homes are selling for 94% of their original list price on average, an improvement over the 89.8% achieved last September, indicating that buyers and sellers are finding common ground despite lower prices. New construction activity remains a small but steady part of the mix, with 9 new homes closing in September compared to just 4 during the same period in 2025. The average home size sold this month was 1,584 square feet, slightly smaller than the 1,626 square feet seen in August and down from 1,708 square feet a year ago. ALEX Intelligence analyzed the pricing trends to determine that while prices are softening, the market is not crashing. The median price per square foot fell 4.0% month-over-month to $433, reflecting the broader trend of lower sale prices rather than a change in home size. With mortgage rates at 7.32%, affordability remains a key factor for buyers navigating this September landscape. Want to see this home? Call or text George at 713.918.9951 for a private 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