How Competitive is the Downtown Austin, TX Housing Market?
Downtown Austin isn't currently a very competitive housing market. Only about 1% of homes sold above list price in the 3 months ending June 2026, and the typical home sat on the market for 79 days.
The National Picture
At the national level, nearly one in four homes sold above list price in June 2026, spending a median of 50 days on market. Downtown Austin's 1.2% sold-above figure is below the national rate, placing buyers in a stronger negotiating position.
Most Buyers Negotiate Significant Discounts
The average home in Downtown Austin sold for 94.5% of its list price, and about 14.3% of listings went under contract within two weeks. Nearby East Cesar Chavez (0.0% sold above, 180 days on market) sees a similar pattern, while Chestnut (11.7% sold above) offers buyers more competition for desirable listings.
Why Isn't Downtown Austin, TX Very Competitive?
Downtown Austin isn't very competitive because abundant inventory gives buyers plenty of choices and little reason to bid above asking. Active listings rose 3% year over year to 394, while pending sales grew 13% to 84. At 9.8 months of supply, sellers face a buyer-friendly market where patience is rewarded. Homes are selling 12 days faster than a year ago, reflecting heightened buyer urgency.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Market in 2 Wks |
|---|---|---|---|---|
| Downtown Austin ★ | 1.2% | 94.5% | 79 days | 14.3% |
| East Cesar Chavez | 0.0% | 92.8% | 180 days | 12.3% |
| Chestnut | 11.7% | 98.2% | 69 days | 24.7% |
| Hancock | 10.0% | 96.4% | 56 days | 39.5% |
| Rosewood | 20.0% | 95.8% | 71 days | 24.7% |
| Central Austin | 6.2% | 96.0% | 61 days | 15.4% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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