Southwest Austin October Market Recap and Outlook

What does a 7.1% drop in median price mean for Southwest Austin buyers and sellers? In October 2026, the median sale price settled at $588,412 across 118 closed sales, down from $633,600 in September. While prices cooled compared to the prior month, they remained 1.9% higher than the same time last year, showing resilience despite a 15.1% drop in sales volume. The market pace slowed as well. Homes spent an average of 36 days on market, up slightly from 34 days in September but significantly faster than the 53 days seen in October 2025. Buyers negotiated closer to list price, with homes selling at 95.9% of their original asking price, a slight improvement over the 95.2% achieved previously. Inventory remains tight with 467 active listings, creating a 2.8-month supply that favors sellers but is shifting toward balance. New construction activity was minimal with only two closings, contrasting with the 13 new homes sold in October 2025. The median home size also shrank to 2,281 square feet from 2,432 square feet the prior month, reflecting a shift toward smaller properties in this period. ALEX Intelligence analyzed these trends to provide a clear view of current market conditions. With mortgage rates at 7.18% according to Freddie Mac data from early November, affordability remains a key factor for buyers entering this cooled but active market. 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