North Austin October Market Recap and Outlook

What does a 9.2% drop in median price mean for North Austin buyers and sellers? In October 2026, the median close price settled at $360,000 across 47 closed sales, down from $387,125 in September and $396,683 a year ago. This marks the lowest median price recorded for this month in the last two years of data. Sales volume also contracted significantly. With only 47 homes closing compared to 63 in October 2025, the market saw a 25.4% decline in transaction activity. The number of new listings dropped as well, with 103 homes added to the market versus 126 the previous month and 94 a year prior. Inventory remains steady at 447 active listings, creating 6.15 months of supply. This level suggests a balanced market where buyers have more choices than in previous years. The median days on market held steady at 44 days, matching September but dropping sharply from the 84 days seen a year ago. Price negotiations reflect this shift. The median close-to-original list ratio fell to 0.929, meaning homes sold for roughly 7% below their original asking price. This is down from 0.948 in September and 0.931 last October. Additionally, 83% of sales closed below the original list price, up from 79% in the prior month and 87% a year ago. ALEX Intelligence analyzed the 24-month trend to contextualize these figures. While prices dipped in October, the market has shown resilience with activity levels stabilizing after a volatile spring. The current rate environment, with a 30-year fixed mortgage at 7.18%, continues to influence buyer behavior and payment calculations. For sellers, the data indicates that pricing accurately from the start is critical, as homes are spending more time on the market before accepting offers below list price. Buyers may find opportunities in this slower environment, particularly if they can secure financing at current rates or utilize buydowns to lower monthly payments. 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