South Central Austin: October Market Recap and Outlook

South Central Austin saw median home prices drop to $487,500 in October, a 15.2% decline compared to the same month last year across 91 closed sales. While the price per square foot also fell 10.8% to $356, the market showed resilience with sales volume remaining flat against last year's 97 closings. Homes sold significantly faster this month, dropping 52.5% in median days on market to just 29 days compared to 61 days a year ago. The speed of transactions improved notably as the median close-to-original list ratio rose to 0.941, up from 0.905 last year. This indicates buyers are offering closer to asking prices despite the lower overall price levels. New construction activity also increased, with 17 new homes closing compared to 15 in October 2025. Inventory remains a key factor, with 579 active listings creating roughly 5.2 months of supply. This balance suggests a market where buyers have choices but sellers who price correctly can still move properties quickly. The median living area for sold homes was 1,552 square feet, slightly larger than the prior month's 1,454 square feet. ALEX Intelligence analyzed these trends to highlight how the combination of lower prices and faster sales is reshaping affordability in this central Austin neighborhood. With mortgage rates at 7.18% as of early November, buyers are navigating a market that has adjusted significantly from last year's peaks while maintaining steady transaction volumes. 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