Your Local Austin Market Stats: December 2024

As we close out 2024, the Austin real estate market showcases trends that highlight the city’s growth and evolution. Not only does this December snapshot give us insights into the past year, but it also invites a look back at how far the market has come over the past decade. Here’s a detailed breakdown of the December 2024 stats, including comparisons to 2014.

Key Monthly Stats: December 2024

Median Sales Price:

2024: $450,000 (+1.4% YoY, +1% MoM)

2014: ~$240,000 (an 87.5% increase over 10 years!)

The median price of homes has nearly doubled in a decade, reflecting Austin's rapid growth as a desirable hub for tech, culture, and lifestyle.

Sold to Original List Price (%):

2024: 92.2%

2014: ~96%
In 2014, Austin’s market was tighter, with homes selling closer to their list price. The slight dip today suggests a more balanced market where buyers have more leverage.

Total Inventory:

2024: 8,494 (+10.1% YoY)

2014: ~6,300 (34.8% increase over 10 years)

The inventory growth reflects Austin’s housing boom, with developers building to keep up with increasing demand as the population swelled.

New Listings:

2024: 2,070 (-5% YoY)

2014: ~1,850 (11.9% increase over 10 years)

While new listings in 2024 are slightly lower year-over-year, they’ve generally risen over the past decade, with more homeowners entering the market.

Pending Listings:

2024: 2,011 (+3.1% YoY)
2014: ~1,600 (25.6% increase over 10 years)

The rise in pending listings reflects a steadily growing pool of buyers in the Austin metro area.

Closed Sales:

2024: 2,303 (-2.5% YoY)

2014: ~1,750 (31.6% increase over 10 years)

Closed sales have surged over the last decade, fueled by a mix of local demand and increasing interest from out-of-state buyers.

Withdrawn Listings:

2024: 927 (+17% YoY)

2014: ~500 (85.4% increase over 10 years)

More withdrawn listings today may reflect sellers adjusting to the market's slightly slower pace compared to the frenzied demand of prior years.

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What’s Changed in a Decade?

Skyrocketing Prices:

Austin's growth into a tech and cultural hub has driven home values to nearly double since 2014. Factors like new job opportunities, population growth, and the city’s lifestyle appeal have played key roles.

Evolving Market Balance:

The tighter market of 2014 has given way to a more balanced environment in 2024, with rising inventory and slightly longer days on market creating breathing room for buyers.

Development Boom:

Over the past 10 years, new housing developments have expanded Austin’s suburban areas, including Round Rock, Pflugerville, and Buda, helping to meet the surge in demand.

Changing Buyer Demographics:

While 2014 saw primarily local buyers, 2024 is marked by a significant influx of out-of-state buyers from tech hubs like California, seeking Austin’s lower cost of living and business-friendly environment.

Final Thoughts

A decade of growth has transformed Austin from a regional hotspot into a national destination for real estate. Whether you're a buyer navigating today’s balanced market or a seller reflecting on your property’s appreciation over the last decade, there’s never been a more exciting time to dive into Austin real estate.

• The Easley Group Realty | Austin SA is your partner in navigating the Austin market, whether you're buying, selling, or investing. Contact us today to learn how you can take advantage of current opportunities in this dynamic market.
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