Top Mega Teams in Austin, Texas – Ranked by Sides

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2022 Market Summary

Austin, Texas started 2022 with a total of 548 single-family homes on the market, with a median home price of $649,450 and an average price per square foot of $439. By the end of the year, inventory had increased to 1,879 homes on the market (+242%), with a median home price of $675,000 (+3%) and an average price per square foot of $449 (+2%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 84 days.

Austin started the year with 32% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 61% of Austin homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Austin started 2022 as a strong seller’s market, with an MAI score of 60; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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