AUSTIN (KXAN) – The Austin metro area is seeing one of the steepest home value declines in the country, according to a recent Zillow analysis.
Zillow data shows that the average home value in Austin is now $490,209 – about 6.6% lower than it was this time last year. The Austin metro also recorded the largest month-to-month drop of any U.S. metro, with home values falling roughly 1.1% between Oct. 31 and Nov. 30, per Zillow.
Austin’s housing market: How quickly are homes selling, and for how much?
Local real estate data paints a slightly different picture. The Austin Board of Realtors reported Tuesday that median home values declined a little over 1% from Nov. 2024 to 2025. While pending sales increased about 5% year-over-year, closed sales dropped nearly 16%, according to the report.
ABoR reports that the median price of a residential home in the Austin metro – from San Marcos to Round Rock – is $430,000, and $565,000 in the city of Austin.
Redfin predicts housing market ‘cool off’ in the Austin metro in 2026
There were 4,064 active listings in the city of Austin last month, about 7% more than in Nov. 2024, according to ABoR…