In February 2025, the Austin-Round Rock-San Marcos metropolitan statistical area (MSA) experienced a decline in median home prices and closed sales, according to the Central Texas Housing Report by Unlock MLS. The median home price dropped 3.9% year-over-year to $430,000, while closed sales decreased by 6.5% to 1,856. However, inventory rose to 5.7 months, suggesting more opportunities for buyers.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS, said that elevated mortgage rates and affordability challenges contributed to the decline in sales. Sellers are lowering prices to attract buyers, stabilizing the market further. "As affordability remains a key constraint for many first-time homebuyers, the single-family leasing market continues to be a viable alternative," Knapp said.
Brandy Wuensch, president of Unlock MLS and ABoR for 2025, emphasized the importance of working with professional agents during these shifts in the housing market. "Transparent data and market insights are key for clients navigating today’s housing market–whether buying, selling or renting," Wuensch noted.
The report also highlighted changes in the leasing market where supply increased to 2.3 months of inventory, causing a 2.4% drop in median rent to $2,195.
In Travis County alone, residential homes sold fell by 4.1%, with a median price increase of 2.2% to $515,000 compared to February 2024. Meanwhile, Williamson County saw an 11.2% decrease in homes sold but a slight dip in median price by 1.2%.
For those interested in more detailed statistics or downloading the full report from February 2025 Central Texas Housing Market Report can visit UnlockMLS.com/Stats.
Unlock MLS has been providing real estate services for nearly six decades across Central Texas and continues its commitment to transparency and data integrity.
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