East Austin September Market Pulse: Prices Hold Steady

East Austin's median home price held steady at $490,000 in September across 95 closed sales, marking a 15.3% increase compared to the same month last year when the median was $425,000. While the number of homes sold dropped 12.8% from August's 109 closings, the price resilience suggests strong underlying demand even as inventory levels shift. The market remains balanced with 5.48 months of inventory available today. Homes spent an average of 54 days on the market, a 42.1% increase from the prior month and 12.5% longer than last September. This extended timeline coincides with a slight dip in the median price per square foot to $306, down 7.8% from August but still reflecting the area's premium value relative to broader regions. Buyers found slightly more leverage as 88.4% of homes sold below their original list price, up from 86.2% in August. The average home size grew to 1,650 square feet, a 9.0% increase year-over-year. With mortgage rates at 7.32%, the median payment for a $490,000 home sits at $2,693 monthly. ALEX Intelligence analyzed these trends to confirm that while sales activity slowed, price stability remains intact in East Austin's diverse neighborhoods. The data reflects a market adjusting to higher borrowing costs without significant price erosion. 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