As we moved through the fall, the latest data from the Austin Board of Realtors gave us another look at how the local housing market is evolving. The median home price in the City of Austin for October 2025 was **$552,500**, which is up about **1% compared to this time last year**. On the surface, that might suggest that prices are increasing again, but the full story is a bit more complex. Much of the increase in the median price is being driven by **new construction homes on the higher end of the market**. When looking at resale homes across many Austin neighborhoods, we’re still seeing prices adjust downward from the peak levels reached during the pandemic housing boom. In other words, while the overall median price may tick up slightly, the experience many buyers and sellers are seeing in day-to-day transactions is that **pricing has stabilized or adjusted downward in many areas of the city**. Inventory continues to play a major role in shaping the market. In October, Austin had about **5.6 months of inventory**. Historically, around six months of inventory is considered a **balanced market**, but with the number of homes currently available, the market still feels very much **buyer-friendly**. Buyers today have far more options than they did just a few years ago. That means they often have room to negotiate not only on price but also on repairs and other contract terms. For sellers, this makes **pricing strategy and home presentation especially important**. Homes that are priced realistically for today’s market and show well can still sell successfully, but properties that are overpriced or need significant updates may take longer to attract a buyer. Average days on market for homes in Austin is currently around **71 days**, which is significantly longer than what we saw during the peak market years. Because of that, it’s common for buyers to ask whether something is wrong with a property that has been listed for several weeks or months. In many cases, the answer is **no**. With more inventory across the city, homes are simply taking longer to sell as buyers compare multiple options. Now let’s take a quick look at the rental market. The **median rent in Austin is currently around $2,350**, which is about **2% lower than this time last year**. Many landlords are feeling the impact of increased rental inventory combined with rising property costs. At the same time, renters have more choices than they’ve had in recent years. With roughly **2.7 months of rental inventory** available, tenants often have room to negotiate depending on how long a property has been on the market. Average days on market for leases is currently about **51 days**, showing that rental properties are also taking longer to secure tenants compared to previous years. The bottom line: **the Austin real estate market in October 2025 continues to favor buyers and renters**. Inventory remains elevated, pricing has adjusted from previous highs, and negotiations are playing a larger role in transactions. For anyone considering buying, selling, leasing, or investing in Austin, understanding the data and working with the right strategy can make a significant difference in today’s market.
