Can you still buy a house under $400,000 near Austin?

Austin-area houses that sold for $400,000 or less had a median price of $325,000 over the 12 months ending September 2026, across 11,501 sales in the ACTRIS MLS. That is down 1.5% from $330,000 the year before. The median house listed at $400,000 or less today is also at $325,000. This range covers about 42% of all single-family house sales in the Austin area, so there is plenty to choose from.

The median house that sold for $400,000 or less last year had 1,743 square feet on a 0.15-acre lot. Size rises with price: homes under $250,000 had a median of 1,411 square feet, homes between $250,000 and $325,000 had 1,608, and homes between $325,000 and $400,000 had 1,942. Three-bedroom houses sold for a median of $314,999, and houses with 4 or more bedrooms for $339,000.

Buyers have more room than a year ago. The median home in this range took 57 days to go under contract, up from 48, and 60% of homes that sold had cut their price, up from 55%. Supply sits at about 4.8 months, a balanced market. The typical home closed at 94.1% of its original list price, so there is room to negotiate, especially on homes that have been listed longer than the median.

They price almost the same at the median. Of the 11,501 Austin-area houses that sold for $400,000 or less last year, 3,562 were new construction at a median of $324,000, and 7,939 were resale at $325,000. The difference is usually in the extras: builders often add rate buydowns or closing cost help, while resale homes tend to come with mature trees, fences and window coverings already in place.

Get pre-approved first, and ask your lender to compare conventional, FHA and any down payment assistance you qualify for, since the payment matters more than the price in this range. Set up a saved search capped at $400,000 in the towns you are open to so new listings reach you the day they list. Then compare each home against both nearby resale sales and the builders' current incentives before you make an offer.

Looking only at the price and not the property tax and HOA costs, which vary widely between towns and subdivisions around Austin and can change the monthly payment by hundreds of dollars. Ask us for the tax rate and current HOA dues on any home before you compare. The second mistake is waiving the inspection on a newer home: 7,136 of the houses that sold in this range were built in 2010 or later, and newer does not mean problem-free.

Austin had the most sales at $400,000 or less over the last 12 months, 1,846 at a median of $340,000. Georgetown followed with 1,166 at $342,620, Kyle with 1,022 at $299,975, Hutto with 834 at $325,000, and Round Rock with 752 at $337,000. Kyle had the lowest median of the five, and Georgetown and Austin the highest. Each town mixes older neighborhoods with new subdivisions, so compare by age as well as price.

The median Austin-area house at $400,000 or less took 57 days to go under contract over the last 12 months, measured on cumulative days on market so relisted homes are not reset. That is up from 48 days the year before. Add roughly 30 to 45 days from contract to closing. Resale sellers compete with builders nearby, so a home priced against the newest sales in its area usually beats the median.

No. This page covers single-family houses only, so the figures describe the same homes the live listings show. Condos and townhomes add many more options below $400,000 across the Austin area: 1,562 condos and townhomes sold at that level last year. See our condos page for those numbers, or ask us for a saved search that includes condos and townhomes under $400,000.

Ask us for a home value and we will price it against the sales that actually match it: same subdivision or nearby streets, similar size, age and lot, and the builders' current new homes if there are any nearby. For context, Austin-area houses at $400,000 or less sold for a median of $325,000 across 11,501 sales, and the typical home closed at 94.1% of its original list price.