Market Statistics | News | Real Estate

Austin Housing Market Report | May 2021

Read time: 2 minutes

AUSTIN, TX — Home sales in Austin continue to reach all-time highs for any month on record with the median home price inching closer to half a million. 3,976 homes were sold in the Austin area with inventory nearing zero at 0.5 months. Homes continue to sell over asking price, which raises the median home prices to a new record of $465,000, a 48% year-over-year increase.

“Austin’s housing market has become one of the most competitive markets in the U.S.,” says Susan Horton, 2021 ABoR President. “As new companies relocate to Austin and the city’s popularity draws in new residents, the sheer demand for housing has created a critical inventory shortage, reinforcing that affordability and accessibility to housing across our region is a real concern and should be a top priority for local leaders.”

In May, new listings increased 6.3% to 4,413, and active listings dropped 70.9% to 1,739. Pending sales showed an increase of 20.3% to 1,399.

Austin has been slow to improve the affordable development of ownership opportunities for all income levels, and the demand is increasingly becoming difficult to control.

“At this point, Austin does not have a lot of land to build single-family homes,” says Nora Linares-Moeller, executive director of HousingWorks Austin. “We have to think about density, where it makes sense, and expanding missing middle housing options and income-restricted affordable units. The solution here is to be strategic about placing lower-priced homes and rentals in all parts of the city and urge our city’s leaders to continue making affordability a priority. Taking action now is imperative.”

The market is now too complicated to navigate alone. Buyers in the Austin Housing market are looking to their trusted REALTORS® to help them win offers in this ultra-competitive market.

Single-Family Homes, Condos, and Townhomes

May 2020 vs May 2021

All Luxury Home Sales Over $1,000,000

May 2020 vs May 2021

These statistics are for single-family homes, condos, and townhomes across the Austin-Round Rock Metropolitan Statistical Area (MSA). If you would like similar statistics for a specific area, property type, or price range, please contact us and tell us how we can help. Use our new market snapshot tool for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.

Don’t hesitate to list your home. Realty Austin has partnered with Homeward to Offer a Cash Bridge program so homeowners can make a competitive cash offer on their next home, move on their timeline, and sell their current home for top dollar.

Get a comprehensive analysis of your home’s value in today’s market using Realty Austin’s new Market Snapshot tool.

Related Posts


Are you looking for the most up-to-date and easy-to-use home search website in Austin? You’re in the right place! Explore, Austin’s #1 home search website. Check out the full home search video on IGTV or use the #RAlinkinbio. Find your next home today! 🏘️ 💻 📱 #realtyaustin #makethemove #austinrealestate⁠⠀ ...

@foundationcommunities is on a mission to end the affordable housing crisis that many Austin residents face, now more than ever. Realty Austin, Co-Owner, @yvetteboatwright sits down with Foundation Communities CEO, Walter Moreau to discuss the program's community initiatives to provide safe affordable housing while enhancing the quality of life for the community members in need. Get involved and watch the full interview using the #RAlinkinbio ❤️ 🏡 #ouraustinpledge #realtyaustin #foundationcommunnities #affordablehousing ...

Realty Austin is honored to be ranked #3 on the Austin American-Statesman‘s 2020 @topworkplaces of Greater Austin list! 🏆🎉 Rated in areas of leadership, ethics, values, and treatment of employees, we are proud to be on this list for the ninth year in a row. Check out the #RALinkInBio to learn more about why Realty Austin is consistently voted a Top Workplace! #topworkplaces #realtyaustin #realtyawesome ...

This error message is only visible to WordPress admins

Error: API requests are being delayed. New posts will not be retrieved for at least 5 minutes.

Pin It on Pinterest