Northwest Austin Sales Lag Neighbors in October

Northwest Austin saw a sharp cooling in October as closed sales fell 28% compared to the same month last year. Only 75 single-family homes sold for a median price of $538,523, down 1.7% from the prior year and 13.6% from September. This marks the second consecutive month of declining activity after a strong spring peak. The market remains balanced with 3.29 months of inventory available today. While homes are selling slightly faster than last year with median days on market at 50, down 10.7%, buyers have more leverage as 87.5% of sales closed below the original list price. The average home size sold was 2,108 square feet, a 16% drop from September's larger transactions. ALEX Intelligence benchmarked this performance against regional peers. Northwest Austin median prices remain well above the broader Unlock MLS region at $398,237 but trail Travis County's $500,000 median. The price per square foot of $252 is also higher than the regional average of $198. With mortgage rates at 7.18%, affordability remains a key factor in the reduced transaction volume. The data shows a clear seasonal shift where activity has normalized after the spring surge, yet prices have held relatively steady despite the drop in sales volume. 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