Key Takeaways
- Travis County was a buyer’s market in August: the median sale price fell 5.3% to $497,336, well below the national gain of 2.2%, as months of supply climbed to 6.5.
- Homes sat on market for 72 days on average—25 days longer than the national median—and the typical home sold for 97.1% of its asking price, giving buyers meaningful negotiating room.
- New listings rose nearly 10%, flooding a market where closings dropped 5.8% and over half of sold homes had taken a price cut.
Travis County, TX Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Sold Above List |
|---|---|---|---|---|
| $497,336 (-5.3% YoY) | 1,348 (-2.7% YoY) | 9,284 (-3.4% YoY) | 72 days (-10 days YoY) | 12.3% (+2.6 ppt YoY) |
Travis County’s housing market continued to tilt toward buyers in August. Prices fell for the fourth consecutive month on a year-over-year basis, supply expanded, and homes lingered well past the two-month mark. Over half of closed sales involved a price reduction. While the national market showed mild softening, Travis County experienced a deeper correction driven by persistent oversupply and cautious demand.
Learn everything you need to know about the Travis County, TX housing market as we head into fall, and what buyers and sellers can do to succeed.
U.S. Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Buyer-Seller Balance |
|---|---|---|---|---|
| $398,596 (+2.2% YoY) | 336,973 (-1.3% YoY) | 1,534,918 (+2.7% YoY) | 50 days (0 days YoY) | Sellers outnumber buyers by 57.9% |
Nationally, home prices rose 2% and the typical home sold in 50 days. Inventory grew a modest 2.7% and months of supply stood at about 4. Travis County moved in the opposite direction on price: values fell over 5%, homes sat 72 days, and supply reached 6.5 months—well into buyer’s market territory. The county’s sale-to-list ratio of 97.1% and price-cut rate of 24.2% both pointed to sellers competing for a limited pool of active buyers.
“The U.S. housing market faced some hurdles in August, as inflation and an AI-fueled economy kept mortgage rates high and weighed heavily on homebuyers, sellers, and investors,” said Chen Zhao, Redfin’s head of economics research. “Until recently, affordability and activity had been slowly improving for months, helping the market recover. But now, economic uncertainty and rising prices are keeping more people on the sidelines and slowing the market further. For buyers who need to buy, now is a great time because there’s less competition and a bit more inventory—for sellers, pricing competitively is key to attract attention.”
Travis County Prices Fell Over 5% as the National Market Held Steady
The median sale price in Travis County dropped to $497,336 in August, a 5.3% decline from a year ago, while the national median rose 2.0%. Price per square foot fell about 1% to $263. Travis County’s correction follows the sharp run-up during the pandemic, when the median price nearly doubled from 2020 to 2022. At just under $500,000, prices have now given back much of the post-pandemic premium.
Over half of sold homes had taken a price cut, the highest share among the counties tracked this month. The sale-to-list ratio sat at 97.1%, meaning the average seller closed roughly 3% below their original asking price. Only 12.3% of sales went above list, less than half the national rate. For buyers, this translated to consistent room for negotiation.
Closings and Pendings Both Declined, but Homes Moved Faster Than Last Year
Pending sales fell 2.7% year over year in Travis County, while homes sold dropped 5.8% to 1,192. Yet the median days on market improved, falling 10 days to 72. The improvement in speed likely reflected sellers pricing more aggressively—homes that adjusted to market reality moved faster, even though total volume shrank.
Nationally, closings were roughly flat, a milder pullback. Travis County’s steeper decline reflected both elevated supply that discouraged urgency and an affordability reset that kept some buyers on the sidelines. The gap between pending sales (1,348) and closings (1,192) suggested a continued pipeline of activity, but the overall trend remained negative.
Supply Eased Slightly, but Months of Inventory Hit 6.5
Active listings in Travis County fell 3.4% year over year to 9,284, a modest improvement after months of inventory accumulation. However, new listings surged nearly 10% to 1,677, and the pace of absorption remained slow. Months of supply climbed to about 6 and a half, up about 4% from a year ago and well above the national figure of about 4.
At about 6 and a half months, Travis County sits firmly in buyer’s market territory. Sellers outnumber willing buyers, and the influx of new listings keeps replenishing inventory faster than demand can absorb it. The national market reached about 4 months. For Travis County to return to equilibrium, either new listing volume needs to slow or buyer activity needs to pick up considerably.
Bottom-Tier Prices Fell Hardest; Luxury Bucked the Trend
| Price Tier | Median Price (YoY) | Sold (YoY) | DOM (YoY) | % Above List (YoY) |
|---|---|---|---|---|
| Luxury (top 5%) | $1,805,284 (+4.7%) | 475 (+13.4%) | 62 days (-3 days YoY) | 13.3% (+4.7 ppt) |
| High (65th-95th%) | $749,073 (+0.3%) | 1,681 (+18.0%) | 51 days (-4 days YoY) | 16.8% (+4.6 ppt) |
| Non-luxury (35th-65th%) | $434,838 (-1.6%) | 1,059 (+0.3%) | 56 days (-6 days YoY) | 11.4% (-2.9 ppt) |
| Starter (5th-35th%) | $314,651 (-2.8%) | 965 (+21.8%) | 65 days (0 days YoY) | 14.2% (-1.2 ppt) |
| Bottom (bottom 5%) | $199,183 (-5.4%) | 208 (+30.0%) | 81 days (+13 days YoY) | 9.1% (+4.8 ppt) |
Redfin analysis of MLS data • Rolling three-month period (May-July 2026)
The luxury tier (top 5%, median $1.81M) posted the strongest price growth at 4.7% and saw above-list activity jump nearly 5 percentage points. The high tier ($749K median) also held up, with prices barely positive and volume surging 18%. These upper segments benefited from well-capitalized buyers less affected by mortgage rates and broader economic caution.
At the other end, bottom-tier prices fell 5.4% and homes sat 81 days. Starter-tier prices dropped 2.8%, though volume jumped 22% as bargain-hunting buyers entered the market. The non-luxury tier saw a mild 1.6% price decline with flat volume. Across tiers, the pattern was clear: the lower the price point, the steeper the correction. Buyers shopping under $450,000 had the most leverage; those above $750,000 faced somewhat tighter conditions.
How Buyers and Sellers Can Navigate the Travis County, TX Housing Market
If you’re buying in Travis County, you have leverage. Homes sat 72 days on average, over half of sales involved a price cut, and the typical home closed 3% below asking. There is no rush to make a decision: request inspections, negotiate closing costs, and don’t hesitate to offer below list. Starter and non-luxury homes under $450,000 offered the strongest buyer advantages. Even in the upper tiers, days on market exceeded 50.
If you’re selling, price to the current market, not to last year’s comps. The median sale price fell over 5% year over year, and over half of completed sales required a price reduction. Homes that priced accurately from the start moved in under 60 days; those that didn’t often lingered past 80. Consider concessions like rate buydowns or closing-cost credits to differentiate your listing. With 6.5 months of supply, buyers have options—your home needs to stand out on price and condition.
Travis County, TX Market Data by City
Rolling three-month period (June-August 2026). Cities with 50+ sales shown.
| City | Median Sale Price (YoY) | Sold | New List. | Active | DOM | % Above | Supply |
|---|---|---|---|---|---|---|---|
| Austin | $549,636 (-1.0% YoY) | 2,725 | 3,948 | 8,694 | 57 | 13.0% | 5.4 |
| Pflugerville | $361,261 (-8.5% YoY) | 223 | 278 | 588 | 68 | 11.1% | 4.5 |
| Lakeway | $763,495 (-8.2% YoY) | 155 | 170 | 442 | 73 | 11.3% | 4.8 |
| Manor | $308,306 (-9.3% YoY) | 97 | 156 | 344 | 73 | 15.8% | 6.6 |
| Lago Vista | $399,735 (-12.5% YoY) | 86 | 106 | 300 | 77 | 16.7% | 7.1 |
| Steiner Ranch | $913,396 (+4.4% YoY) | 70 | 81 | 168 | 63 | 8.8% | 3.8 |
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. County-level data is not seasonally adjusted. Check the Redfin Data Center for additional in-depth housing market data.
