Can you rent in Austin without a job?
Austin's housing market has been scrutinized intensely with the city's continued rapid expansion, drawing in new residents and investors. In 2025, everyone is wondering: Are home prices falling or rising in Austin? This blog provides an extensive overview of the latest trends, neighborhood differences, and expert predictions to give you insight into what's happening with Austin's housing market today.
As of early 2025, Austin, Texas, has experienced a significant decline in rental prices. According to Austin Cleaning Service, the median asking rent in Austin dropped by 22% from its peak in August 2023, now standing at approximately $1,399 per month.
Current Trends in Home Prices
Following a few years of hyper-growth appreciation, Austin's median home prices have abated somewhat. The median sold price as of early 2025 stands at around $409,000, a decline of around 25.6% from the mid-2022 peak. Prices year-over-year declined around 4.1%, indicating a correction in the market and not a crash.
Even with the overall downturn, price trends differ substantially by neighborhood. Central Austin and urban neighborhoods with walkability have experienced some stabilization and even small increases, whereas other neighborhoods had steeper corrections.
Neighborhood and Zip Code Differences
Austin's housing market is extremely localized. For instance:
Zip code 78733 (Travis County) and 78732 (Steiner Ranch) have recorded robust price appreciation, rising by 61.2% and 57% respectively between 2024 and early 2025, fueled by demand for high-end amenities and quality of life.
On the other hand, zip codes such as 78736 and 78734 have witnessed sharp price declines of 37.6% and 28.6%, indicating market corrections following past overvaluation.
East Austin districts (78702 and 78723) continue to experience robust appreciation at 13.2% and 14.9%, driven by urban revitalization and growing desirability.
Supply and Demand Dynamics
Supply has risen significantly, with active listings growing 21% year over year, increasing months of inventory to 5.65. This change benefits buyers over the ultra-tight market conditions of the past few years.
Sales volume has diminished, closed transactions falling more than 27% from last year. Homes remain on the market longer, taking an average of 44 days, and fewer houses are selling for over asking price.
Price Per Square Foot and Home Size Trends
The median price per square meter in Austin is about $327, up 3.5% year-over-year in some prime neighborhoods. Small homes have registered modest price reductions, while larger homes have reported modest increases, indicating demand for family-sized homes.
Rental Market Influence
The rental market's sharp cooling-with rents falling 22%-has impacted home prices by easing short-term financial pressure on prospective buyers. Multifamily development is slowing, which could keep rental rates stable in the future.
Economic and Demographic Factors
Austin's robust job growth and population growth (estimated 11% through 2029) underpin long-term housing demand despite short-term price volatility. Migration from more expensive metros continues to drive market activity.
Maintaining Your Property
Whether you own or rent, it is essential to have a tidy and well-maintained house. Regular apartment cleaning avoids damage and maintains property value. Such professional services as Sparkly Maid Orlando provide comfortable cleaning solutions for keeping your premises in top condition.
Planning Moves and Transitions
If you plan in moving to Mexico or elsewhere, early planning is crucial. Organizing your move and scheduling move-out cleaning with Austin Cleaning Service can help you leave your home spotless and maximize your deposit or resale value.
Are house prices falling or rising in Austin in 2025? The market is complex. Though median prices have fallen from highs, some areas are stabilizing or slightly appreciating. Growing inventory and slowing sales have moved the market into balance, favoring buyers and renters as well. By learning about these trends, keeping your property up through frequent apartment cleaning, and making housing choices cautiously, you can successfully navigate Austin's changing real estate market.
