Austin Home Prices: Single-Family Homes Outpace Condos

Austin single-family home prices rose 4.1 percent in the second quarter of 2026 while condominium and townhouse medians fell 1.9 percent, according to the Austin Multiple Listing Service data released July 8.

The split appears as mortgage rates hover near 6.4 percent and buyers weigh square footage against shared-building fees. Detached homes with yards gained appeal for households that spent the past two years working from home or adding family members. Condo inventory sits 18 percent above the five-year average in Travis County, giving buyers more choices and more leverage on price.

East Austin and Clarksville Show the Gap

East Cesar Chavez Street listings illustrate the pattern. Three-bedroom houses there sold at a June median of $685,000, up from $652,000 twelve months earlier. Two-bedroom units in the same blocks closed at $375,000, down $8,000 from the prior year. Clarksville, west of Lamar Boulevard, recorded similar movement: homes near the 78703 zip code averaged $1.05 million, while units along West 6th Street traded at $410,000 with longer days on market.

The Austin Board of Realtors June report counted 1,248 active single-family listings and 612 condo listings inside the city limits. Days on market for houses averaged 28, compared with 47 for units. Builders completed 312 new townhomes in the Mueller district during the quarter, adding to the supply that has kept unit prices flat since March.

Next Steps for Local Buyers and Sellers

Households planning a move should compare property-tax assessments on recent sales along South Congress Avenue before making offers. Sellers of units in buildings with high HOA reserves may need to price 3 to 5 percent below recent comps to attract offers within 30 days. First-time buyers targeting the $450,000 range can still find two-bedroom units near the University of Texas campus that closed under asking price last month.

Market watchers expect the divergence to continue through September unless the Federal Reserve cuts rates by at least half a point. Local agents advise locking in inspections early on any house that sits under 2,000 square feet, since competition remains strongest for properties with private outdoor space.