Buying in Austin, TX · 2026

Find the right home
in the right
Austin neighborhood.

Search every active listing, get matched to your ideal neighborhood, and work with an agent who'll tell you the truth about what you're buying.

Austin buyer's market · March 2026

Median home price$547K↑3.2%
Active listings4,810
Avg days on market42 days
Months of supply3.8 mo
Sale-to-list ratio97.4%

Source: Austin Board of REALTORS® / UnlockMLS · Feb 2026 · Deemed reliable, not guaranteed

The buying process

How buying a home in Austin
actually works.

Inventory is up from two years ago, which means you have real options. But well-priced homes in the right neighborhoods still move fast. Here's how to be ready.

01

Get pre-approved

Know your number before you tour anything. Pre-approval tells sellers you're serious, helps you move fast when the right home comes up, and anchors your search to what's actually realistic.

02

Define your priorities

Neighborhood, commute, schools, walkability, investment upside — we'll work through what actually matters for your life before we look at a single listing.

03

Tour with intention

Beyond finishes and staging — we evaluate location fundamentals, structural condition, flood zone, and long-term resale value on every showing. You'll know what you're actually buying.

04

Offer and negotiate

When the right home comes up, we move fast and smart. Offer strategy depends on the specific situation — competitive vs. stale listings require completely different approaches.

05

Inspection and due diligence

We use the inspection period to fully understand what you're buying. Every line of the report gets reviewed. You'll know what's a real problem and what's a negotiating point.

06

Close and move in

We stay on top of the closing timeline so nothing falls through at the last minute. Every document gets explained before you sign. Austin closings typically take 21–30 days.

Why work with a buyer's agent

What you get when you have
someone in your corner.

Someone whose job is your interests

The seller has an agent representing them. You should have one representing you. In Texas, buyer's agent compensation is negotiated as part of the transaction — in most cases at no direct cost to you.

Real market knowledge

I know Austin's neighborhoods block by block. When you ask me about a street, I'll tell you what I actually think — not what you want to hear. That includes things like flood history, school zones, and what's planned for the area.

Someone who reads the whole contract

Purchase agreements in Texas are detailed. Earnest money, option period, inspection contingencies, title commitments — I'll walk you through every line before you sign anything. No surprises.

What to budget for

Beyond the purchase price —
what buying actually costs.

The sticker price is just the start. Here's what to budget for so there are no surprises at the closing table. All figures are estimates and subject to change.

Down payment

Typically 3–20% of purchase price depending on loan type. Conventional loans can go as low as 3–5% for qualified buyers. VA and USDA loans may offer 0% down for eligible buyers.

Closing costs

Budget 2–3% of purchase price for lender fees, title insurance, escrow, taxes, and recording fees. Your lender will provide a Loan Estimate within 3 days of application.

Option fee

In Texas, buyers typically pay an option fee ($100–$500) for a defined inspection period. This is credited toward the purchase price at closing.

Earnest money

Typically 1% of purchase price held in escrow. Applied to your down payment at closing. Protects the seller if you walk away without cause.

Home inspection

$400–$700 for a standard inspection. Worth every dollar. We can recommend licensed inspectors in Austin — your choice, always.

Homeowner's insurance

Required by lenders. Get quotes before closing. Austin rates vary significantly by location, age, and construction type.

Property taxes

Texas has no state income tax but property taxes run approximately 1.8–2.5% of assessed value in most Austin areas. Budget accordingly.

Post-close reserves

Have 1–3% of home value in reserve for immediate repairs and updates. Even well-maintained homes have surprises.

Buyer FAQ

Questions Austin buyers
are actually asking.

Per Austin Board of REALTORS® February 2026 data, inventory is up significantly from two years ago — buyers have more options than they've had since 2019. Prices have stabilized after the 2022–23 correction. The decision to buy depends more on your specific financial situation and timeline than on market conditions. If you're planning to stay 5+ years, the math is generally favorable. I'm happy to run it for your specific situation.

At a median price of ~$547K with 20% down and current mortgage rates, you'd need approximately $120–140K annual income to qualify under standard 28/36 debt ratios — though this varies significantly by lender, credit score, other debts, and loan type. The best first step is talking to a lender to get your actual pre-approval number. I can connect you with lenders I trust in Austin.

You're not legally required to have one, but it's strongly advisable. The seller has professional representation — you should too. Under post-NAR settlement rules (effective August 2024), buyer's agent compensation is now negotiated separately. In most cases I represent buyers at no direct out-of-pocket cost, and I'll explain exactly how compensation works before we start. Texas law requires a written buyer representation agreement before I can show you homes.

From starting your search to closing, the typical timeline is 60–120 days. Pre-approval takes a few days to a week. Active searching varies — some buyers find the right home in two weeks, others take three months. Once under contract, Austin closings typically take 21–30 days. I'll help you move quickly when the right home comes up without rushing you into the wrong one.

The option period (typically 5–10 days in Austin) is a defined period after contract execution during which you can terminate the contract for any reason and receive your earnest money back. You pay a small option fee for this right. During the option period, you get your inspection done and negotiate any repairs. It's your primary protection as a buyer — understanding how to use it strategically is one of the most important things I'll help you with.

Start your search

Let's find your Austin home.

Tell me what you're looking for and I'll follow up within one business day. No pressure — just a real conversation about what makes sense for your situation.

Reach Irie directly

(303) 901-9028 [email protected]