In 2024, the housing market in Austin is experiencing a cooling trend, with notable shifts in both Travis and Williamson counties. In Travis County, the median home price is approximately $478,500, showing a slight decline of 3.3% from 2023​.
Active listings have increased by 4.3%, with a total of 3,819 homes on the market, while the months of inventory has risen to 3.4 months​.
In contrast, Williamson County has seen a more substantial increase in the number of active listings, which are up by 16.8% to 2,307 homes, while the median home price is slightly lower at $429,000, down by 2.5% compared to the previous year​.
Both counties are seeing a shift in the market, with more supply and slightly longer selling times. In Williamson County, the months of inventory have decreased to 2.6 months, indicating a relatively tight market, though still providing buyers with more options compared to the last few years​.
These changes in supply and price reflect the broader trend of stabilization in the Austin housing market as more homes are becoming available, but at a slightly slower pace of sales. Buyers are seeing more choices, but the market remains competitive, especially in sought-after areas.
Contact us at Austin Apex Real Estate to learn more about how these changes impact your real estate goals.
