What does a condo in downtown Austin cost right now?

The median Downtown Austin home sold for $653,000 over the 12 months ending September 2026, across 233 residential sales in the ACTRIS MLS. That is down 3.3% from $675,000 the year before. The median home for sale today is listed at $679,900. Downtown sales are all condos, so bedroom count and building matter far more than the overall median. Filter by bedrooms and building first.

Over the last 12 months, the 92 downtown sales of studio and one-bedroom condos had a median of $460,000. The 107 two-bedroom sales had a median of $831,000, and the 34 sales with three or more bedrooms had a median of $1,945,000. That spread is why the overall median of $653,000 is a poor guide for any one budget. Filter the live search by bedrooms, then compare against recent sales in the same building.

Downtown Austin is in a buyer's market, with about 12.7 months of supply as of September 2026. 48% of homes that sold had cut their price, and the typical home closed at 92.4% of its original list price. That is far more room than buyers get in most central Austin neighborhoods. Negotiating room depends on how the specific home was priced, not on the neighborhood as a whole.

Yes. Measured the same way over the same 12 months, downtown condos sold for a median of $653,000 across 233 sales, while condos along South Lamar sold for a median of $403,000 across 52 sales. Downtown units also took longer, a median of 80 days to go under contract. The gap reflects building type and location, so compare units of the same size, age and amenities before deciding.

Start with financing: some condo buildings do not meet every lender's requirements, so confirm with your lender that the building qualifies before you make an offer. Ask for the HOA dues, the budget, the reserve study and any planned special assessments, since those change the real monthly cost. With 247 condos for sale, set up a saved search by bedrooms and building so you can compare units closely.

Launching above the recent sales. Over the last year, 48% of Downtown Austin homes that sold had cut their price, and the typical home closed at 92.4% of its original list price. The homes that sold fastest launched in line with comparable sales nearby, of the same type and size. Pricing a unit off a better view or higher floor in the same building is the most common version of this mistake. A home that sits and cuts usually ends up below the price a well-set launch would have brought.

Over the last 12 months, the 92 downtown sales of studio and one-bedroom condos had a median of $460,000 and took a median of 75 days to go under contract. Two-bedroom units, 107 sales, had a median of $831,000 and took a median of 92 days. Floor, view and building amenities move a unit well above or below those figures, so compare against recent sales in the same building.

The median Downtown Austin home took 80 days to go under contract over the last 12 months, counted on cumulative days on market so relisted homes are not reset. That is faster than the year before, when the median was 104 days. Add roughly 30 to 45 days from contract to closing. With about 12.7 months of supply, a unit priced in line with similar units in its building sells well inside that; one that needs a price cut can take much longer.

Most of downtown Austin is in 78701. Of the 233 condo sales inside the downtown boundary over the last year, 218 were in 78701, with a median of $633,750, and 15 were in 78703 along the western edge, with a median of $755,000. The figures on this page are calculated only from sales inside the downtown boundary, not the ZIP codes as a whole.

Request a home value from us and we will price it against the Downtown Austin sales that actually match it: same home type, similar size, age and condition, and nearby streets, from the last 12 months of ACTRIS MLS closings. For context, the neighborhood median was $653,000 across 233 sales, and the typical home closed at 92.4% of its original list price. Floor, view, parking and HOA dues move downtown values a lot, and an online estimate usually cannot see them.