Austin home prices: Q3 2026 market report

Austin home prices held steady in the third quarter of 2026, while homes sold faster than in spring. Buyers returned as mortgage rates eased slightly, and well-priced listings drew multiple offers again in several neighborhoods.

Here is what the numbers show across the areas we work in, and what they mean for sellers, buyers and owners.

Key takeaways

• The citywide median sale price rose 2% from the second quarter to $548,000.
• Average days on market fell to 34 days.
• Inventory sat at 3.1 months of supply, a balanced market.
• New-build areas saw more price cuts than established neighborhoods.

The headline numbers for Q3 2026

• Median sale price: $548,000
• Average days on market: 34
• Inventory: 3.1 months of supply
• Sale-to-list ratio: 97.8%

Family homes in established school zones sold fastest in the third quarter.

Neighborhood differences

Westlake, Tarrytown and Mueller stayed strong, with most well-priced homes under contract within three weeks. New-build areas to the north saw more price cuts as builders competed with incentives and rate buy-downs.

Where buyers have more leverage

• New construction in Leander and Georgetown
• Condos downtown with high HOA dues
• Homes that have been listed for more than 45 days

The market is not hot or cold. It is honest. Well-priced homes still sell in the first two weeks.

What the Q3 report means for you

1. Sellers: price to the last 90 days of sales, not last year's peak.
2. Buyers: negotiate firmly on new builds and stale listings.
3. Owners: rents are stable and renewal rates are strong.
4. Investors: watch rising inventory in the northern suburbs.

Austin market FAQ

Are Austin home prices going up or down in 2026?

Prices rose modestly in the third quarter, about 2% from spring, while remaining below the 2022 peak. Most neighborhoods are now balanced rather than hot or cold.

Is it a buyer's or seller's market in Austin?

With 3.1 months of inventory, Austin is close to balanced. Buyers have more leverage on new builds, while sellers of well-priced homes in top school zones still see strong demand.