South Central Austin October Market Pulse

What does a 24.8% drop in median price mean for the South Central Austin market? In October 2026, the median close price settled at $503,700 across 66 closed sales, down from $670,000 in the same month last year. This sharp decline reflects a significant shift in affordability and buyer demand over the past twelve months. The market also saw a notable increase in speed compared to the prior period. Median days on market fell to 32 days, a 51.5% improvement from September, though still well below the 79 days seen last October. This suggests that while prices have adjusted downward, properties that meet buyer expectations are moving faster than they did a year ago. List-to-sale dynamics also shifted. The median close-to-original list ratio rose to 0.94, up 3.8% from last year, indicating buyers are negotiating closer to asking prices than in the previous October. However, 87.9% of homes still sold below their original list price. With 571 active listings and a months of inventory reading of 5.17, the market remains balanced but leans slightly toward buyer leverage. ALEX Intelligence analyzed these figures to highlight how pricing and velocity are evolving in this Austin neighborhood. The data reflects a period of adjustment where lower prices may be attracting buyers back into a market that previously saw much higher valuations. 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