Clare Knapp, housing economist for Unlock MLS and the Austin Board of Realtors, predicts 2025 real estate trends throughout the Austin metro area will mirror 2024’s conditions, according to a news release.
“Mortgage rates will likely hover between 6 and 7%, as the Federal Reserve adopts a cautious approach to potential rate cuts,” Knapp said. “This consistency will allow both buyers and sellers to benefit from a predictable lending environment. However, external factors, such as economic shifts or policy changes, could influence these trends, underscoring the importance of staying informed and adaptable to navigate the market successfully.”
Knapp added that while 2024 was a better year for first-time homebuyers due to the increase in supply, there is still much work to be done to tackle the region’s affordability issues.
In Bastrop County, the following real estate trends were observed in 2024, according to the Austin Board of Realtors:
- 1,310—residential homes sold, 7.2% more than 2023
- $360,000—median price for residential homes, 2.7% less than 2023
- 2,170—new home listings on the market, 18.8% more than 2023
- 7,259—active home listings on the market, 19.1% more than 2023
- 1,323—pending sales, 7.9% more than 2023
- $532.81 million—total dollar volume of homes sold, 5.5% more than 2023
In the month of December, the Austin Board of Realtors also identified the following trends in Bastrop County:
- 108—residential homes sold, 8.8% more than December 2023
- $380,000—median price for residential homes, 1.3% more than December 2023
- 120—new home listings on the market, 34.8% more than December 2023
- 565—active home listings on the market, 13.7% more than December 2023
- 95—pending sales, flat compared to December 2023
- 5.3—months of inventory, 1.1 months more than December 2023
- $46.79 million—total dollar volume of homes sold, 17.4% more than December 2023
- 92.9%—average close to list price, compared to 91.1% in December 2023
