Downtown Austin Condo Market Update
May 2026 Market Report
Published by Jacob Hannusch on June 8, 2026 · Data sourced from Unlock MLS (formerly ACTRIS)
Downtown recorded 21 condo closings in May. Pricing on the rolling 12-month line is still soft, down 7.0% from a year ago.
Rolling 12-Mo Median $/SF
$668
↓ 7.0% YoY
May 2025: $718
May Median Sale Price
$585K
↓ 0.8% YoY
May 2025: $590K
May Closed Sales
21
— flat YoY
May 2025: 21
Pending Contracts
27
↑ 8.0% YoY
May 2025: 25
Active Listings
219
↓ 6.8% YoY
May 2025: 235
May Median Days on Market
27 days
↓ 55.0% YoY
May 2025: 60 days
Downtown closed 21 condo sales in May, roughly flat from the same month last year. Pending contracts are up too, and homes are selling faster than a year ago. The rolling 12-month price line is still soft, down 7.0% from a year ago.
A note on prices. Downtown only records 10 to 20 closings most months, so a single high-end sale can swing a single-month median 20% or more. The rolling 12-month figure is the cleaner read of where pricing actually is.
Median $/SF, rolling 12 months
Solid green: current rolling 12-month median. Solid teal: same metric one year prior.
Closed Transactions, rolling 12 months
Total closings in each rolling 12-month window, current year vs. prior year.
Pending contracts at month-end
Pending contracts open at the end of each month. Pending is a leading indicator and typically converts to closings within 30 to 60 days.
Active listings at month-end
Active inventory at the end of each month, current year vs. prior year.
Building by Building
360 Condominiums | As of May, 360 Condominiums has 25 active listings and 4 pending contracts, with a rolling 12-month median of $618/SF (↓ 7.3% YoY). Units are selling at a median of 46.5 days on market with 9.7 months of supply. That puts it in a buyer’s market. 3 sales closed this month. View active listings → The Independent | As of May, The Independent has 9 active listings and 2 pending contracts, with a rolling 12-month median of $941/SF (↓ 12.5% YoY). Units are selling at a median of 40.5 days on market with 4.9 months of supply. That puts it in a tight market. 4 sales closed this month. View active listings → 44 East | As of May, 44 East has 27 active listings and 3 pending contracts, with a rolling 12-month median of $820/SF (↓ 3.4% YoY). Units are selling at a median of 124 days on market with 20.3 months of supply. That puts it in a buyer’s market. 2 sales closed this month. View active listings → 70 Rainey | As of May, 70 Rainey has 8 active listings and 3 pending contracts, with a rolling 12-month median of $877/SF (↓ 5.4% YoY). Units are selling at a median of 103 days on market with 19.2 months of supply. That puts it in a buyer’s market. View active listings → Milago | As of May, Milago has 1 active listing and 2 pending contracts, with a rolling 12-month median of $450/SF (↓ 11.9% YoY). Units are selling at a median of 176 days on market with 1.1 months of supply. That puts it in a tight market. 1 sale closed this month. View active listings → See all buildings.▼
Spring Condominiums | As of May, Spring Condominiums has 6 active listings, with a rolling 12-month median of $699/SF (↑ 1.2% YoY). Units are selling at a median of 15 days on market with 9 months of supply. That puts it in a buyer’s market. 3 sales closed this month. View active listings → 5th & West | As of May, 5th & West has 9 active listings and 1 pending contract, with a rolling 12-month median of $725/SF (↓ 10.6% YoY). Units are selling at a median of 85.5 days on market with 10.8 months of supply. That puts it in a buyer’s market. 1 sale closed this month. View active listings → Greenwood Tower | As of May, Greenwood Tower has 11 active listings and 2 pending contracts, with a rolling 12-month median of $313/SF (↑ 9.4% YoY). Units are selling at a median of 68 days on market with 26.4 months of supply. That puts it in a buyer’s market. View active listings → Natiivo | As of May, Natiivo has 29 active listings, with a rolling 12-month median of $772/SF (↓ 14.3% YoY). Units are selling at a median of 117.5 days on market with 29 months of supply. That puts it in a buyer’s market. 2 sales closed this month. View active listings → Seaholm Residences | As of May, Seaholm Residences has 15 active listings and 1 pending contract, with a rolling 12-month median of $717/SF (↓ 17.0% YoY). Units are selling at a median of 134.5 days on market with 11.3 months of supply. That puts it in a buyer’s market. 1 sale closed this month. View active listings → The Austonian | As of May, The Austonian has 5 active listings and 2 pending contracts, with a rolling 12-month median of $1142/SF (↑ 15.4% YoY). Units are selling at a median of 54 days on market with 6.7 months of supply. That puts it in a balanced market. View active listings → The Linden | As of May, The Linden has 10 active listings and 1 pending contract, with a rolling 12-month median of $745/SF (flat YoY). Units are selling at a median of 86.5 days on market with 30 months of supply. That puts it in a buyer’s market. 1 sale closed this month. View active listings → The Shore Condominiums | As of May, The Shore Condominiums has 5 active listings and 1 pending contract, with a rolling 12-month median of $445/SF (↓ 14.8% YoY). Units are selling at a median of 102.5 days on market with 10 months of supply. That puts it in a buyer’s market. 1 sale closed this month. View active listings → 904 West | As of May, 904 West has 3 active listings and 1 pending contract, with a rolling 12-month median of $506/SF (flat YoY). Units are selling at a median of 88 days on market with 36 months of supply. That puts it in a buyer’s market. View active listings → Austin City Lofts | As of May, Austin City Lofts has 6 active listings and 1 pending contract, with a rolling 12-month median of $473/SF (flat YoY). Units are selling at a median of 58 days on market with 18 months of supply. That puts it in a buyer’s market. View active listings → Brown Building | As of May, Brown Building has 0 active listings and 1 pending contract, with a rolling 12-month median of $493/SF (↑ 12.0% YoY). Units are selling at a median of 27.5 days on market. View active listings → The Towers of Town Lake | As of May, The Towers of Town Lake has 5 active listings, with a rolling 12-month median of $296/SF (↓ 17.5% YoY). Units are selling at a median of 77 days on market with 4.6 months of supply. That puts it in a tight market. 1 sale closed this month. View active listings → The W Residences | As of May, The W Residences has 14 active listings and 1 pending contract, with a rolling 12-month median of $924/SF (↓ 12.3% YoY). Units are selling at a median of 98.5 days on market with 28 months of supply. That puts it in a buyer’s market. View active listings → Westgate Tower | As of May, Westgate Tower has 1 active listing and 1 pending contract, with a rolling 12-month median of $515/SF (↓ 5.7% YoY). Units are selling at a median of 43 days on market with 2 months of supply. That puts it in a tight market. View active listings → 5 Fifty Five | As of May, 5 Fifty Five has 5 active listings, with a rolling 12-month median of $539/SF (↑ 8.2% YoY). Units are selling at a median of 94 days on market with 15 months of supply. That puts it in a buyer’s market. View active listings → Brazos Place | As of May, Brazos Place has 1 active listing, with a rolling 12-month median of $400/SF (↓ 4.3% YoY). Units are selling at a median of 72 days on market with 4 months of supply. That puts it in a tight market. View active listings → Cambridge Tower | As of May, Cambridge Tower has 8 active listings, with a rolling 12-month median of $489/SF (↑ 7.2% YoY). Units are selling at a median of 91 days on market with 24 months of supply. That puts it in a buyer’s market. View active listings → Celia's Court | As of May, Celia's Court has 3 active listings, with a rolling 12-month median of $456/SF (↓ 4.6% YoY). Units are selling at a median of 92.5 days on market with 18 months of supply. That puts it in a buyer’s market. View active listings → Four Seasons Residences | As of May, Four Seasons Residences has 5 active listings, with a rolling 12-month median of $1498/SF (↑ 15.0% YoY). Units are selling at a median of 48.5 days on market with 15 months of supply. That puts it in a buyer’s market. View active listings → Nokonah | As of May, Nokonah has 5 active listings, with a rolling 12-month median of $841/SF (↑ 14.6% YoY). Units are selling at a median of 171 days on market with 60 months of supply. That puts it in a buyer’s market. View active listings → Penthouse Condos | As of May, Penthouse Condos has 1 active listing, with a rolling 12-month median of $463/SF (↑ 2.0% YoY). Units are selling at a median of 103.5 days on market with 6 months of supply. That puts it in a tight market. View active listings → Sabine on 5th | As of May, Sabine on 5th has 2 active listings, with a rolling 12-month median of $383/SF (↓ 13.3% YoY). Units are selling at a median of 230 days on market with 12 months of supply. That puts it in a buyer’s market. View active listings → Building Spotlight
The Independent: Building spotlight: The Independent
The Independent posted 4 closings this month with 2 more under contract and 9 active. The rolling 12-month median is $941/SF, down 12.5% from a year ago. Months of supply sits at 4.9, tighter than the downtown average.
If you're a buyer
Selection has been building all year and sellers are negotiating. Some buildings have more negotiating room than others. The table above sorts which is which.
Want to dive into what's possible downtown? Start a conversation with Jacob.
If you're a seller
Pricing accuracy matters more than at any point in the past two years. Sellers transacting in 60 to 90 days are the ones priced to today, not to 2022.
Curious about how to position your condo? Start a conversation with Jacob.
Want a deeper dive? Explore a breakdown by building, area, bed count, view orientation, floor plan, and more.
Reach out directly and I'll send you a full building breakdown.
Frequently Asked Questions
Is downtown Austin a buyer’s or seller’s market right now?
As of May 2026, downtown Austin is a buyer’s market with 11.6 months of supply (6–8 months is balanced).
What is the average price per square foot for downtown Austin condos?
As of May 2026, the rolling 12-month median is $668/SF, down 7.0% year-over-year. Pricing varies widely by building, so building-specific data matters more than the headline number.
How many condos are for sale in downtown Austin?
As of May 2026, there are 219 active listings and 27 pending contracts across downtown Austin.
Which downtown Austin condo buildings are performing best?
Milago and Westgate Tower have the tightest supply downtown, with Milago at 1.1 months. The Austonian posted the strongest price appreciation at +15.4% year-over-year.
Is it a good time to buy a condo in downtown Austin?
As of May 2026, buyers have leverage: 11.6 months of supply, a 96.4% close-to-list ratio, and rolling pricing down 7.0% year-over-year. Working with an agent who tracks building-level data is critical.
Is it a good time to sell a condo in downtown Austin?
Pricing accuracy is critical. 33 listings failed in May 2026, listed roughly 33% above where deals actually closed. Sellers who price to the current market are finding buyers; those who test it are watching listings expire.
Who is a good Realtor for downtown Austin condos?
Jacob Hannusch (JacobInAustin) lives and works downtown and focuses his practice on the downtown Austin condo market. He analyzes building-level trends closely, tracks new developments as they come online, has mapped every floor plan across all downtown towers, and surfaces opportunities across the full downtown footprint. He publishes monthly market reports, a bi-weekly downtown newsletter, and is active in the downtown community. Reach out at jacobinaustin.com or jacob@jacobinaustin.com.
How to Read This Report+
Rolling 12-month median: Downtown Austin’s condo market typically records only 10–20 closings per month. A single month’s median can swing dramatically based on just a few high- or low-priced sales. By computing the median price per square foot across all closed sales in the prior 12 months, this report smooths out that noise and provides a more reliable pricing trend.
Active listings: Units listed for sale in the MLS and not yet under contract as of the last day of the report month. This report uses end-of-month snapshots to capture the exact inventory level at that point in time, enabling accurate year-over-year comparison.
Pending contracts: Units under contract but not yet closed as of the last day of the report month. Pending counts are a leading indicator of upcoming closed sales and reflect real-time buyer demand.
Months of supply: Active listings divided by the average number of closings per month over the trailing 12 months. Below 6 months generally favors sellers; above 8 months favors buyers; 6–8 months is considered balanced.
Days on market (DOM): The number of days between a listing going active in the MLS and the seller accepting an offer. Lower DOM suggests stronger demand; higher DOM suggests buyers have more leverage.
Close-to-list ratio: The final sale price divided by the most recent list price at the time of contract. A ratio near or above 100% means sellers are getting what they ask; below 97% indicates meaningful buyer negotiation.
Year-over-year (YoY): Compares a metric to the same period one year earlier. For the rolling median $/SF, this means the trailing 12-month window versus the same 12-month window one year ago. For single-month metrics (closed sales, days on market, active listings, pending contracts), it compares the report month (e.g. February 2026) to the same calendar month last year (February 2025).
Jacob Hannusch · Downtown Austin Condo Specialist
Data sourced from Unlock MLS (formerly ACTRIS). All figures based on condos in downtown Austin. Rolling 12-month averages compare the trailing 12 months ending May 2026 vs. the trailing 12 months ending May 2025.
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