The median price for a home in the Austin-Round Rock area drifted downward in 2023, while inventory and a closed sales decreased, according to an Austin Board of Realtors year-end report.

Median price for home in the metro decreased 10.2 percent, to $450,000, last year, according to ABoR. Sales dollar volume for the same period in the metropolitan statistical area dropped 17 percent, to $17.5 billion, and new listings dipped 7 percent, ending the year at 42,623 listings. Total sales declined 3 percent, to 30,353.

The numbers are likely indicators of the impact of higher mortgage rates, despite a robust local economy and highest level of inventory in eight years, according to the report.

“While we have seen some leveling off in home prices, the Central Texas region still lacks a sufficient inventory of affordable homes for sale, especially those homes priced below $300,000, which is keeping many would-be first-time homebuyers on the sidelines," said ABoR's Claire Losey.

In December 2023, closed listings across the MSA declined 8.9 percent, to 2,295, year-over-year, and sales dollar volume decreased 8.5 percent to $1.270,818,458. The median sales price dropped 1.4 percent to $443,753. New listings increased 8.4 percent to 1,956 listings, active listings ticked up 4.6 percent to 7,717 listings, and pending sales rose 13.8 percent to 2,082. Homes spent an average of 84 days on the market, 9 more than in December 2022.

Here are ABoR's numbers for Austin and the metro counties:

City of Austin

2023

  • 8,554 – Residential homes sold, 14.9% less than 2022.
  • $540,000 – Median price for residential homes, 8.2% less than 2022.
  • 13,362 – New home listings on the market, 4.3% less than 2022.
  • 2,489 – Active home listings on the market, 57.5% more than 2022.
  • 8,579 – Pending sales, 9.7% less than 2022.
  • $5,943,650,502 – Total dollar volume of homes sold, 19.0% less than 2022.

December 2023

  • 558 – Residential homes sold, 8.4% less than December 2022.
  • $511,250 – Median price for residential homes, 1.7% less than December 2022.
  • 540 – New home listings on the market, 11.3% more than December 2022.
  • 2,140 – Active home listings on the market, 21.1% more than December 2022.
  • 549 – Pending sales, 7.2% more than December 2022.
  • 3.0 – Months of inventory, 0.9 months more than December 2022.
  • $356,934,322 – Total dollar volume of homes sold, 10.0% less than December 2022.

Travis County

2023

  • 13,664 – Residential homes sold, 13.3% less than 2022.
  • $523,800 – Median price for residential homes, 8.9% less than 2022.
  • 20,827 – New home listings on the market, 5.6% less than 2022.
  • 4,170 – Active home listings on the market, 54.3% more than 2022.
  • 13,670 – Pending sales, 7.5% less than 2022.
  • $9,501,653,000 – Total dollar volume of homes sold, 18.0% less than 2022.

December 2023

  • 915 – Residential homes sold, 8.9% less than December 2022.
  • $527,500 – Median price for residential homes, 2.4% more than December 2022.
  • 896 – New home listings on the market, 8.9% more than December 2022.
  • 3,581 – Active home listings on the market, 14.3% more than December 2022.
  • 890 – Pending sales, 8.0% more than December 2022.
  • 3.1 – Months of inventory, 0.7 months more than December 2022.
  • $628,104,180 – Total dollar volume of homes sold, 4.8% less than December 2022.

Williamson County

2023

  • 10,414 – Residential homes sold, 9.6% less than 2022.
  • $430,000 – Median price for residential homes, 10.0% less than 2022.
  • 12,828 – New home listings on the market, -16.0% less than 2022.
  • 2,533 – Active home listings on the market, 30.6% more than 2022.
  • 10,337 – Pending sales, 2.4% less than 2022.
  • $5,102,558,914 – Total dollar volume of homes sold, 17.0% less than 2022.

December 2023

  • 872 – Residential homes sold, 10.1% less than December 2022.
  • $425,000 – Median price for residential homes, 2.3% less than December 2022.
  • 577 – New home listings on the market, 2.5% less than December 2022.
  • 2,156 – Active home listings on the market, 14.8% less than December 2022.
  • 718 – Pending sales, 11.3% more than December 2022.
  • 2.5 – Months of inventory, 0.1 months less than December 2022.
  • $412,864,151 – Total dollar volume of homes sold, 14.0% less than December 2022.

Hays County

2023

  • 4,423 – Residential homes sold, 0.1% less than 2022.
  • $397,330 – Median price for residential homes, 9.7% less than 2022.
  • 5,989 – New home listings on the market, 6.8% more than 2022.
  • 1,407 – Active home listings on the market, 72.2% more than 2022.
  • 4,407 – Pending sales, 9.6% more than 2022.
  • $2,162,632,140 – Total dollar volume of homes sold, 13.6% less than 2022.

December 2023

  • 362 – Residential homes sold, 4.7% less than December 2022.
  • $401,500 – Median price for residential homes, 5.0% less than December 2022.
  • 335 – New home listings on the market, 39.0% more than December 2022.
  • 1,311 – Active home listings on the market, 17.9% more than December 2022.
  • 330 – Pending sales, 18.7% more than December 2022.
  • 3.6 – Months of inventory, 0.6 months more than December 2022.
  • $174,205,270 – Total dollar volume of homes sold, 7.0% less than December 2022.

Bastrop County

2023

  • 1,421 – Residential homes sold, 6.1% less than 2022.
  • $350,210 – Median price for residential homes, 11.3% less than 2022.
  • 2,208 – New home listings on the market, 0.9% less than 2022.
  • 533 – Active home listings on the market, 61.0% more than 2022.
  • 1,415 – Pending sales, 1.4% more than 2022.
  • $560,854,895 – Total dollar volume of homes sold, 15.9% less than 2022.

December 2023

  • 108 – Residential homes sold, 12.2% less than December 2022.
  • $364,450 – Median price for residential homes, 3.5% more than December 2022.
  • 109 – New home listings on the market, 6.0% less than December 2022.
  • 497 – Active home listings on the market, 0.2% less than December 2022.
  • 109 – Pending sales, 87.9% more than December 2022.
  • 4.2 – Months of inventory, 0.3 months more than December 2022 and the highest inventory in the MSA.
  • $42,362,462 – Total dollar volume of homes sold, 13.0% less than December 2022.

Caldwell County

2023

  • 516 – Residential homes sold, 0.8% more than 2022.
  • $299,990 – Median price for residential homes, 10.5% less than 2022.
  • 771 – New home listings on the market, 15.4% more than 2022.
  • 148 – Active home listings on the market, 100.0% more than 2022.
  • 524 – Pending sales, 4.4% more than 2022.
  • $166,940,902 – Total dollar volume of homes sold, 8.7% less than 2022.

December 2023

  • 38 – Residential homes sold, 9.5% less than December 2022.
  • $321,990 – Median price for residential homes, 2.6% more than December 2022.
  • 39 – New home listings on the market, 18.2% more than December 2022.
  • 172 – Active home listings on the market, 62.3% more than December 2022.
  • 35 – Pending sales, 40.0% more than December 2022.
  • 4.0 – Months of inventory, 1.5 months more than December 2022.
  • $11,915,163 – Total dollar volume of homes sold, 11.6% less than December 2022.