What does a condo cost in the Austin area right now?

Austin-area condos and townhomes sold for a median of $339,950 over the 12 months ending September 2026, across 2,488 sales in the ACTRIS MLS. That is down 5.6% from $360,000 the year before. The median unit for sale today is listed at $349,700. Inside Austin the median was $384,950, and downtown ZIP 78701 had a median of $633,750, so location moves the number more than anything else.

Over the last 12 months, 1-bedroom condos and townhomes across the Austin area sold for a median of $245,000 across 338 sales, and 2-bedroom units sold for $320,000 across 910 sales. Units with 3 or more bedrooms sold for $385,000 across 1,223 sales. The price per bedroom falls as units get larger, so a second bedroom costs less than the first.

Condo buyers have the most leverage in the Austin-area market. There are about 9.1 months of supply, well above the 4 to 6 months usually called balanced. Prices fell 5.6% at the median over the last year, 56% of sold units had cut their price, and the typical unit closed at 93.1% of its original list price. Units that have sat past the 76-day median are usually the most negotiable.

At the median, yes. Over the last 12 months, 521 townhomes sold across the Austin area at a median of $300,000 with 1,623 square feet, while 1,967 condos sold at $352,500 with 1,355 square feet. The median townhome that sold was built in 2024 about 16 miles from downtown, while the median condo was built in 2008 about 5 miles out, and condos include the downtown high-rises. Compare units in the same area, not the two medians.

Read the association documents before the option period ends: the budget, reserve study, recent meeting minutes and any planned special assessments. Ask us for the current HOA dues, since they change and we do not publish them here. Confirm the building's insurance, rental rules and, if you are financing, whether your lender will approve the project. Then compare the unit against recent sales in the same building.

Pricing above the other units for sale in the same building. With about 9.1 months of supply across the Austin area, buyers see several similar units side by side, and the cheapest good one sells first. Over the last year, 56% of units that sold had cut their price, and the typical one closed at 93.1% of its original list price. Pricing from the building's recent closed sales avoids months of carrying costs.

Downtown 78701 had the most condo and townhome sales over the last 12 months, 218 at a median of $633,750. South Austin 78704 was right behind with 217 at $475,000. Then came 78705 around the University of Texas with 125 at $269,500, 78745 in south Austin with 101 at $384,900, and 78731 in northwest Austin with 98 at $552,500. Round Rock led the suburbs with 173 sales at $300,000.

The median Austin-area condo or townhome took 76 days to go under contract over the last 12 months, measured on cumulative days on market so relisted units are not reset. That is up from 68 days a year earlier and well above the 54-day median for houses. Downtown 78701 units took a median of 83 days. Add roughly 30 to 45 days from contract to closing, plus time for the association's resale documents.

Yes. We publish building pages for many downtown and central Austin towers, with each building's own median price, sales count and days on market from the ACTRIS MLS. Building-level numbers are the best guide for pricing a unit, because buildings differ widely in age, amenities and association costs. Start from the downtown neighborhood page, or ask us for the recent sales in any building you are considering.

Ask us for a home value and we will price it against the sales that actually match it: the same building first, then similar units nearby, with the same bedroom count, size, floor plan and view, from the last 12 months of ACTRIS MLS closings. For context, Austin-area condos and townhomes sold for a median of $339,950 across 2,488 sales, and the typical unit closed at 93.1% of its original list price.