AUSTIN, Texas — A new report found that home prices in the Austin metro area have fallen year over year.
According to a new report from real estate company Redfin, home prices in the metro area dropped 2.7% between 2024 and 2025, which is the largest drop among the 50 largest metro areas in the country. Median home prices in the Austin metro currently sit at roughly $430,000.
The price decrease is in defiance of a national trend, which saw home prices increase by 3% year over year nationwide.
According to Redfin, prices are dropping in Austin because the supply of homes for sale is rising and they’re sitting on the market longer. The number of homes listed for sale in February 2025 rose 5% from the year prior, and the typical home stays on the market for about three months – roughly 91 days. Austin also ranks third in markets where it’s taking the longest amount of time to sell a home.
Austin wasn’t the only Texas city to see a drop, however. San Antonio and Houston also saw steady drops in home prices, seeing a 1.7% and 1.5% decrease, respectively.