Homes bought in Austin younger than national average

In 2024, 42% of homes sold in the Austin metro area were less than five years old, compared to 17% nationally, signaling a preference for newer homes among local buyers. This trend reflects the increasing prices pushing Austinites to seek affordable housing in suburban areas. The median age of homes sold in Austin was eight years, while the national average hit a record 36 years, marking the oldest homes sold since 2012. New homes in the Austin area had a median sale price of $420,000, while homes over 30 years old sold for $475,000. Notably, Austin is one of four metros where newer homes cost less than older ones, according to Redfin.

Local agent Andrew Vallejo highlighted that renovated older homes in prime locations still receive multiple offers despite a downturn in the market. This situation underscores a unique local dynamic in home sales, where inventory remains tight. The overall number of homes built across the country is expected to remain low, affecting housing availability in Austin and its suburbs.