Austin-area housing market sees hopeful trends heading into summer
AUSTIN, Texas— In May, new listings in the Austin-Round Rock-San Marcos MSA rose 8.9% to 5,716 listings, increasing housing inventory to 5.0 months, 1.0 month more than May 2024, according to the latest Central Texas Housing Report released by Unlock MLS. At the same time, home sales dipped 3.8% to 3,021 sales, while the median sales price edged down 1.6% to $449,900. Despite modest declines in sales and prices, the market is showing signs of resilience as pending sales climbed 16.1% to 4,515—the strongest month of the year so far.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, shared that the data reflects healthy market adjustments that could ultimately lead to more balanced conditions for buyers and sellers.
"At some point, a slowing market can motivate sellers to adjust prices to better align with what buyers can afford. We're seeing that dynamic begin to unfold in Central Texas. It's not that demand has disappeared—buyers still want homes here, but affordability remains a key factor. Many are waiting for the right opportunity or more favorable pricing. The notable increase in pending sales in May signals that buyer activity has picked up after a challenging first quarter. While higher mortgage rates continue to impact buyer confidence, these trends point to cautious optimism as we move into the summer."
Brandy Wuensch, 2025 Unlock MLS and ABoR president, noted that today’s market calls for strategic guidance from professional agents.
"We're seeing signs of a bounce-back this month, which is encouraging after a slower start to the year. Buyers and sellers alike should take advantage of this evolving landscape with the help of trusted real estate agents who can help them navigate opportunities and competitive pricing strategies. Central Texas continues to be a place where people want to live, but many are waiting for market conditions that match their financial readiness. Homes priced competitively are still selling well, which underscores the lasting power of homeownership as a tool for long-term financial stability and wealth-building."
Austin-Round Rock-San Marcos MSA
May 2025 - For Sale
3,021 – Residential homes sold, 3.8% less than May 2024.
$449,900 – Median price for residential homes, 1.6% less than May 2024.
5,716 – New home listings on the market, 8.9% more than May 2024.
14,673 – Active home listings on the market, 17.4% more than May 2024.
4,515 – Pending sales, 16.1% more than May 2024.
5.0 – Months of inventory, 1.0 month more than May 2024.
$1,783,631,944 – Total dollar volume of homes sold, 4.3% less than May 2024.
94.6% – Average close to list price, compared to 95.4% in May 2024.
May 2025 - For Lease
2,327 – Closed leases, 5.9% less than May 2024.
$2,295 – Median price for rent, 0.2% less than May 2024.
3,878 – New lease listings on the market, 1.5% more than May 2024.
4,774 – Active lease listings on the market, 0.5% less than May 2024.
2,714 – Pending leases, 1.3% more than May 2024.
2.1 – Months of inventory, 0.2 months more than May 2024
$4,914,639 – Total dollar volume of leases, 11.9% less than May 2024.
97.7% – Average close to list price, compared to 97.4% in May 2024.
City of Austin
May 2025 - For Sale
1,027 – Residential homes sold, 5.8% less than May 2024.
$595,000 – Median price for residential homes, 2.0% less than May 2024.
2,184 – New home listings on the market, 7.9% more than May 2024.
5,691 – Active home listings on the market, 17.8% more than May 2024.
1,690 – Pending sales, 21.2% more than May 2024.
5.7 – Months of inventory, 1.2 months more than May 2024.
$820,445,422 – Total dollar volume of homes sold, 4.3% less than May 2024.
94.8% – Average close to list price, compared to 95.2% in May 2024.
May 2025 - For Lease
1,101 – Closed leases, 5.2% less than May 2024.
$2,500 – Median price for rent, flat compared to May 2024.
1,853 – New lease listings on the market, 1.9% less than May 2024.
2,395 – Active lease listings on the market, 5.2% less than May 2024.
1,314 – Pending leases, 1.2% more than May 2024.
2.3 – Months of inventory, 0.1 months more than May 2024.
$2,785,381 – Total dollar volume of leases, 11.3% less than May 2024.
97.1% – Average close to list price, compared to 97.0% in May 2024.
Travis County
May 2025 - For Sale
1,328 – Residential homes sold, 3.7% less than May 2024.
$525,000 – Median price for residential homes, 5.1% less than May 2024.
2,780 – New home listings on the market, 6.4% more than May 2024.
7,453 – Active home listings on the market, 16.2% more than May 2024.
2,148 – Pending sales, 15.9% more than May 2024.
5.8 – Months of inventory, 1.2 months more than May 2024.
$971,840,100 – Total dollar volume of homes sold, 4.0% less than May 2024.
94.8% – Average close to list price, compared to 95.1% in May 2024.
May 2025 - For Lease
1,268 – Closed leases, 3.7% less than May 2024.
$2,400 – Median price for rent, 3.0% less than May 2024.
2,133 – New lease listings on the market, 0.9% less than May 2024.
2,813 – Active lease listings on the market, 3.5% less than May 2024.
1,524 – Pending leases, 5.3% more than May 2024.
2.3 – Months of inventory, flat compared to May 2024.
$3,143,478 – Total dollar volume of leases, 7.9% less than May 2024.
97.2% – Average close to list price, compared to 96.9% in May 2024.
Williamson County
May 2025 - For Sale
1,024 – Residential homes sold, 3.3% less than May 2024.
$425,000 – Median price for residential homes, 2.3% less than May 2024.
1,841 – New home listings on the market, 13.6% more than May 2024.
4,377 – Active home listings on the market, 26.2% more than May 2024.
1,395 – Pending sales, 16.3% more than May 2024.
4.4 – Months of inventory, 1.1 months more than May 2024.
$495,169,755 – Total dollar volume of homes sold, 5.2% less than May 2024.
94.7% – Average close to list price, compared to 96.3% in May 2024.
May 2025 - For Lease
818 – Closed leases, 3.7% less than May 2024.
$2,200 – Median price for rent, 2.2% less than May 2024.
1,349 – New lease listings on the market, 7.7% more than May 2024.
1,449 – Active lease listings on the market, 4.9% more than May 2024.
921 – Pending leases, 0.5% more than May 2024.
1.8 – Months of inventory, 0.2 months more than May 2024.
$1,448,013 – Total dollar volume of leases, 12.3% less than May 2024.
98.5% – Average close to list price, compared to 98.1% in May 2024.
Hays County
May 2025 - For Sale
524 – Residential homes sold, 7.2% more than May 2024.
$384,990 – Median price for residential homes, 0.8% less than May 2024.
779 – New home listings on the market, 6.1% more than May 2024.
1,924 – Active home listings on the market, 4.2% more than May 2024.
707 – Pending sales, 18.2% more than May 2024.
3.8 – Months of inventory, flat compared to May 2024.
$261,580,046 – Total dollar volume of homes sold, 4.1% more than May 2024.
94.0% – Average close to list price, compared to 94.7% in May 2024.
May 2025 - For Lease
199 – Closed leases, 15.8% less than May 2024.
$2,000 – Median price for rent, 9.1% less than May 2024.
326 – New lease listings on the market, 5.0% less than May 2024.
399 – Active lease listings on the market, 2.0% more than May 2024.
219 – Pending leases, 10.2% less than May 2024.
2.1 – Months of inventory, 0.4 months more than May 2024.
$265,216 – Total dollar volume of leases, 37.0% less than May 2024.
98.0% – Average close to list price, compared to 97.3% in May 2024.
Bastrop County
May 2025 - For Sale
102 – Residential homes sold, 32.0% less than May 2024.
$350,000 – Median price for residential homes, 0.9% more than May 2024.
256 – New home listings on the market, 16.9% more than May 2024.
740 – Active home listings on the market, 17.6% more than May 2024.
214 – Pending sales, 36.3% more than May 2024.
7.6 – Months of inventory, 3.3 months more than May 2024.
$38,794,606 – Total dollar volume of homes sold, 33.5% less than May 2024.
94.0% – Average close to list price, compared to 94.8% in May 2024.
May 2025 - For Lease
32 – Closed leases, 37.4% less than May 2024.
$2,250 – Median price for rent, 4.7% more than May 2024.
55 – New lease listings on the market, 8.3% less than May 2024.
85 – Active lease listings on the market, 10.4% more than May 2024.
36 – Pending leases, 23.4% less than May 2024.
2.7 – Months of inventory, 1.2 months more than May 2024.
$55,872 – Total dollar volume of leases, 27.3% less than May 2024.
98.7% – Average close to list price, compared to 97.4% in May 2024.
Caldwell County
May 2025 - For Sale
43 – Residential homes sold, 32.4% less than May 2024.
$317,990 – Median price for residential homes, 8.5% more than May 2024.
60 – New home listings on the market, 4.8% less than May 2024.
179 – Active home listings on the market, 28.8% more than May 2024.
51 – Pending sales, 36.3% less than May 2024.
4.3 – Months of inventory, 2.1 months more than May 2024.
$16,247,436 – Total dollar volume of homes sold, 18.0% less than May 2024.
93.0% – Average close to list price, compared to 96.9% in May 2024.
May 2025 - For Lease
10 – Closed leases, 48.5% less than May 2024.
$1,750 – Median price for rent, 8.4% less than May 2024.
15 – New lease listings on the market, flat compared to May 2024.
28 – Active lease listings on the market, 20.0% less than May 2024.
14 – Pending leases, 41.7% less than May 2024.
2.8 – Months of inventory, 1.0 months more than May 2024.
$2,060 – Total dollar volume of leases, 89.4% less than May 2024.
97.8% – Average close to list price, compared to 98.1% in May 2024.
For more information or to download the May 2025 Central Texas Housing Market Report, visit UnlockMLS.com/Stats.
Unlock MLS marks the intersection of knowledge, humanity, and home. For nearly 60 years, we’ve fostered the most complete, accurate, timely, and reliable real estate marketplace for the 18-county Central Texas region. In partnership with the 20,000 real estate professionals who power our MLS, we lead the industry in transparency, data integrity, and a people-first focus to make home buying, selling, and renting accessible and attainable for all. For more information, visit UnlockMLS.com.