Central Austin: How Rates Shape Buying Power in October

Deal of the Week

Deal of the Week · 5307 Harmon Ave # 2, Austin TX 78751 · MLS #5642061 · Listed by Team Price Real Estate. ALEX valuation $422,000 is an ALEX Intelligence estimate, not an appraisal.

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range. Lower quartile: under $485,000 5307 Harmon Ave # 2, Austin TX 78751 · MLS #5642061 Listed at $379,900, 2 bed, 1.5 bath, 1,088 sq ft. Listed 10% below the ALEX valuation; price reduced 8% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1189791108/5307-Harmon-Ave-2-Austin-TX Lower-middle quartile: $485,000 to $800,000 2003 Woodmont Ave, Austin TX 78703 · MLS #7186898 Listed at $749,000, 3 bed, 2 bath, 1,974 sq ft. Listed 11% below the ALEX valuation; 33% under the local price per sq ft; price reduced 6% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1187545425/2003-Woodmont-Ave-Austin-TX Upper-middle quartile: $800,000 to $1,299,000 4324 Far West BLVD, Austin TX 78731 · MLS #5018763 Listed at $1,125,000, 4 bed, 3 bath, 3,013 sq ft. Listed 14% below the ALEX valuation; price reduced 25% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1154809480/4324-Far-West-BLVD-Austin-TX Upper quartile: $1,299,000 and up 8512 Rockwood LN, Austin TX 78757 · MLS #4244571 Listed at $1,399,000, 4 bed, 3.5 bath, 2,853 sq ft. Listed 8% below the ALEX valuation; price reduced 12% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1186788293/8512-Rockwood-LN-Austin-TX

Key figures · Central Austin · October 2026

64 homes sold in Central Austin in October 2026 (down 15.8% on a year earlier).

Median net sale price: $1,178,775 (up 12.2% on a year earlier).

Median price per square foot: $500.

Median days on market: 26.

Median sale price as a share of the original list price: 94.7%.

770 homes for sale now, about 5.2 months of supply at the pace of the last six months.

Source: Unlock MLS, October 2026. Single-family homes; prices net of seller-paid concessions, the same figures as the ALEX market statistics pages. Information deemed reliable but not guaranteed.

What does a 7.18% mortgage rate mean for a buyer in Central Austin this month? With the median closed price at $1,178,775 across 64 sales in October, a principal-and-interest payment of $6,388 per month applies to the loan amount of $943,020. ALEX Intelligence modeled buying power scenarios to show how rate changes affect monthly costs. At the current 7.18% rate, a buyer pays $6,388 monthly. A 3-2-1 buydown lowers the rate by 3 points in year one, 2 in year two, and 1 in year three, reducing the first-year payment to $4,601. A 2-1 buydown lowers the rate by 2 points in year one and 1 point in year two, reducing the first-year payment to $5,167. These concessions effectively shift cost from monthly payments to upfront pricing or seller credits. The market remains active despite rate levels. Median days on market dropped 35% compared to last month and last year, while the median close-to-original list ratio improved slightly. For buyers, understanding these payment scenarios is essential when evaluating homes in a market where the median price has risen 12.2% year over year. ALEX Intelligence estimate, not an appraisal. 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

George Arnold Alexander III, MPA

Partner, ALEX Companies

Associate Broker, Alexander Tiffany Southwest, LLC

Licensed Broker in TX, CO, NC, AL

[email protected] · +1 713.918.9951

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