Austin Housing Market Update September 2025: Are We Near the Bottom?

Austin Housing Market: Are We Near the Bottom? And Is NOW a Good Time to Buy?

If you’ve been debating whether Austin home prices are still falling, or whether it’s “too late” to get a good deal, you are not alone. My Austin housing market update September 2025 is for you. Here’s what recent data and local trends suggest, especially give what many Austin homebuyers are asking right now.

Are Home Prices in Austin Still Falling?

Yes, but not totally, and not everywhere. Median home prices in the Greater Austin are have dropped from the highs of 2022. Some suburbs and lower-condition home prices are dropping more. But in central neighborhoods luxury segments, the decline has moderated with stabilization and even a slight uptick based on July multi-listing service reports, meaning sellers are getting close to their asking price.

Is Now A Good Time to Buy, Or Should I Wait?

If you are in a position to buy, now is a reasonable entry point. Mortgage rates are still elevated, but they have eased significantly (dropping to their lowest point all year). Inventory is up, and well-priced are staying on the market longer. Waiting might mean slightly lower rates later, but also more competition, as demand increases, so will home prices.

Where to Look? Which Neighborhoods? What Type of Homes?

The only person that can answer this is you! Start with making a list. Next work with a lender to understand what your budget can be based on your current income and debts. Next get reapproved. Then work with a realtor to help look for homes that align with your list and budget. Be flexible if this is your first home. Many homebuyers begins with a starter home. This means zeroing in on homes that may meet some of your key needs while meeting your budget.

Bottom Line

If your finances are solid with a good downpayment saved, stable job, and credit, this is one of the better windows to buy in Austin. Prices are down enough from past years of rocketing prices, inventory gives you leverage, and the downside of waiting might not be worth it. Don’t expect a dramatic crash or 50% off of anything, but for many buyers, the risk/reward now looks more favorable that it has recently. Ready to make your move? Let’s get you preapproved and start your home search now before competition heats up!