Central Austin Median Price Jumps 25.6% in October

What drives a 25.6% jump in median home prices within a single month? In Central Austin, the answer lies in the specific mix of properties that closed in October compared to September. The median close price reached $1,178,775 across 64 closed sales, up from $938,750 the prior month. This sharp rise coincides with a significant drop in time on market, where homes sold in just 26 days on average, down 35% from the previous month and matching the improvement seen over the last year. ALEX Intelligence analyzed the closing data to show that buyers are paying closer to original list prices as well. The median close-to-original list ratio rose to 0.947, up 1.5 percentage points compared to October 2025. While 81.2% of homes still sold below their original list price, this represents a slight improvement in negotiation leverage for sellers compared to the prior year. The market is also seeing larger homes close at higher prices per square foot. The median living area grew to 2,442 square feet, up 14% from September, while the median price per square foot climbed to $500.50, a 12.4% increase month-over-month. With 778 active listings currently on the market and 64 sales in October, the area holds approximately 5.2 months of inventory. This data reflects single-family home transactions where prices are net of seller-paid concessions. 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