Northwest Austin October Market Pulse: Prices Drop 13.3%

What does a 13.3% drop in median price mean for Northwest Austin buyers and sellers? In October 2026, the median close price settled at $540,512 across 76 closed sales, down from $623,500 in September. This marks a significant cooling after a summer peak, with total sales volume also falling 15.6% compared to the prior month. The market is showing signs of adjustment as homes take longer to sell relative to last year, though the pace has slightly accelerated from the previous month. The median days on market dropped to 50 days, down 3.8% from September but still 10.7% faster than October 2025. Sellers are accepting less than their original asking price more frequently; 87.7% of homes sold below list, a 5.5% increase in frequency compared to the prior month. Inventory remains tight with 431 active listings, supporting a market that is neither fully buyer nor seller dominated. The median price per square foot also declined to $252.01, reflecting both lower sale prices and a shift toward smaller homes on average. With mortgage rates at 7.11% as of mid-November, affordability remains a key factor for buyers navigating this transition period. ALEX Intelligence analyzes these KPIs to track the immediate shifts in supply and demand dynamics for single-family homes in Northwest Austin. 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