Home sales in the Four Points area went up slightly in 2024 to 325 compared to 318 in 2023. Median sold prices went up by 7.5% but the average closed price per square foot stayed about the same at $289/SF.

“I recently saw a news segment on CBS claiming that 2024 had been the most challenging year for real estate since 1995. However, the market in Four Points has remained relatively stable, with only a small increase in the number of homes sold compared to 2023, and the median price per square foot staying almost the same,” Durrill shared.

She has noticed a trend over the past few years where homeowners in the Four Points area, who might have typically moved to a larger or newer home, have instead chosen to stay in their home and either renovate or expand. The reluctance to lose their low interest rates when selling and purchasing something new has contributed to the ongoing low inventory.

“Buyers in 2024 held out, waiting for interest rates to drop. Many opted to lease within Four Points, hoping that rates would fall, rather than committing to purchase, but I think they are tired of waiting,” Durrill said. “I personally have more buyers right now than in 2023 and I’m starting to get a lot of calls from agents wanting to know what I have coming on the market. If the last couple of weeks is any indication, we will have a busy spring.” 

In the Austin-Round Rock-San Marcos MSA, 2024 closed sales remained stable, ticking down 0.5% to 29,872 sales, according to the Year-End Central Texas Housing Market Report released by Unlock MLS recently. During the same period, active listings saw an increase of 14.7% to 132,993 listings offering buyers more opportunities. Together, the data reflects buyers’ ability to find homes that meet their needs within the current market conditions and sellers viewing the market as favorable.

Durrill says the current Four Points real estate market remains steady, with a slight uptick in buyer activity from late December into January. Inventory is traditionally low this time of year, sitting at just over two months supply. This should begin to rise as we approach spring, with more listings expected in the coming months. 

“Buyers are still concerned about affordability, particularly with interest rates and home prices, and are gravitating toward updated properties. Sellers are hesitant to lower prices, often influenced by 2022 sale prices and higher moving costs,” Durrill says. “As for 2025, I expect more of the same, as interest rates will largely determine market conditions, with improvements as we head into the spring and summer selling seasons.” 

Clare Knapp, housing economist for Unlock MLS and the Austin Board of Realtors, predicts that the coming year will mirror 2024’s conditions offering consistency for homebuyers and sellers.

“2025 market activity will likely look similar to trends observed in 2024 with the median sales price and closed sales hovering between a range of 5% up or down year-over-year. This stability will give homebuyers and sellers clear expectations to plan their next steps with greater confidence. Additionally, mortgage rates will likely hover between 6 and 7%, as the Federal Reserve adopts a cautious approach to potential rate cuts. This consistency will allow both buyers and sellers to benefit from a predictable lending environment. However, external factors, such as economic shifts or policy changes, could influence these trends, underscoring the importance of staying informed and adaptable to navigate the market successfully.”

Knapp added that while 2024 was a better year for first time homebuyers due to the increase in supply, there is still much work to be done to tackle the region’s affordability issues.

2024 Travis County

• 13,203 – Residential homes sold, 3.2% less than 2023.
• $515,000 – Median price for residential homes, 0.4% less than 2023.
• 21,741 – New home listings on the market, 4.5% more than 2023.
• 65,636 – Active home listings on the market, 17.1% more than 2023.
• 13,393 – Pending sales, 0.8% less than 2023.
• $9,172,819,720 – Total dollar volume of homes sold, 2.9% less than 2023.