South Central Austin vs. Neighbors: Prices Down, Days Up

South Central Austin is moving slower and selling for less than a year ago. The median sale price dropped 20.3% to $486,095 across 94 closed sales in September, while the average time on market jumped 45% to 58 days compared to last year. ALEX Intelligence benchmarked these figures against regional peers to show how this area compares. The median price of $486,095 sits above the broader Unlock MLS region median of $405,000 but remains below Travis County's median of $492,500. Price per square foot also declined 7.8% year-over-year to $367, trailing the regional average of $204 and the county average of $251. Inventory pressure is evident with 5.25 months of supply available today, a figure that typically signals a shift toward buyer leverage. While the region saw a 3.3% increase in sales volume year-over-year, South Central Austin's sales count held steady at 94, matching the prior month but falling short of the 107 closings seen in July. The gap between asking and selling prices has narrowed slightly, with homes closing at 91.5% of original list price, down from 93.8% last month. This trend mirrors the regional shift where 83.4% of sales closed below list price, compared to 87.2% in South Central Austin. Mortgage rates currently stand at 7.32%, influencing buyer purchasing power as homes linger longer before going under contract. The data reflects a market adjusting to higher borrowing costs and increased inventory levels. 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