South Central Austin Prices Drop 20% Year-Over-Year in September

What does a 20.3% drop in median home prices mean for South Central Austin buyers and sellers? In September 2026, the median sale price settled at $486,095 across 94 closed sales, down from $610,000 a year earlier. While the number of homes sold remained relatively stable with just a 3.3% increase compared to last year, the time it took to close deals stretched significantly. The median days on market rose to 58 days, a 45.0% increase from the same period last year when homes sold in 40 days. This shift suggests a cooling pace where properties are staying listed longer before finding buyers. The price per square foot also declined by 7.8% year-over-year to $367, reflecting broader adjustments in valuation across the neighborhood. Homes continued to sell below their original list prices, with 87.2% of sales closing under the asking price. The median close-to-original list ratio stood at 0.915, indicating that buyers are negotiating discounts more frequently than in previous years. Despite these changes, the market remains active with 618 homes currently listed for sale. ALEX Intelligence analyzed this data to highlight how current conditions compare to historical trends. The combination of lower prices and longer listing times points to a recalibration in value rather than a collapse in demand. For those watching the South Central Austin market, these figures provide a clear snapshot of the September 2026 landscape. 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