Northwest Austin October Market Recap and Outlook

What does a 15.6% drop in sales volume mean for Northwest Austin buyers and sellers? In October 2026, the market saw 76 closed sales, down from 90 in September and 104 in October 2025. The median closing price settled at $540,512, a 13.3% decrease from the prior month and 1.3% lower than last year. ALEX Intelligence analyzed the full monthly rollup to explain these shifts. While prices softened significantly compared to September's peak of $623,500, the median price per square foot remained relatively stable at $252.01, down just 2.5% from the prior month. Homes spent an average of 50 days on market, moving slightly faster than the previous month's 52 days and notably quicker than the 56 days recorded a year ago. The pace of sales activity slowed considerably. With 76 closings against 141 new listings added in October, inventory pressure increased. The share of homes selling below original list price rose to 87.7%, up from 83.1% the prior month and 82.7% a year ago. This indicates that while competition remains, buyers are negotiating more effectively than earlier in the year. Looking at the broader context, the median home size sold in October was 2,134 square feet, down 14.9% from September's larger transactions but up slightly from last year. The market continues to show resilience despite the volume contraction, with prices holding near $540,000 even as transaction counts dip. Sellers should expect longer negotiation periods and buyers should find more opportunities to secure deals below list price in this cooling environment. 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