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Austin homeowners drop house price nearly 30% as they struggle to sell

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Austin homeowners drop house price nearly 30% as they struggle to sell


Despite broader signs of a stable and predictable housing market in Austin, Texas, a luxury home has undergone several price reductions over the past year—a drop nearly 30 percent below its initial April 2024 asking price of $3,250,000.

Why It Matters

Austin’s housing market has been described as stable, with consistent sales and prices expected throughout 2025.

However, according to local reporting out of KXAN Austin, informed by Unlock MLS, Zillow and Realtor.com data, the city’s median sales price has seen a year-over-year decline of 4.7 percent. This could suggest minor market changes or specific area adjustments, even amid overall market health.

The Austin property at 4808 Ranch Road 2222 tells a different story. This situation highlights that even in a generally positive market, some homeowners may face challenges that necessitate significant price adjustments.

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A ‘For Sale’ sign is seen on March 19, 2024 in Austin, Texas. Home prices and apartment rents in Austin have declined more than any other city in the country in 2024.

Getty Images/Brandon Bell

What To Know

The 3,406-square-foot Austin home has dropped in price five times since its initial listing in April 2024, culminating in a total reduction of 27.69 percent, or $900,000.

This is quite a bit higher than Austin’s overall average percentage price drop of -9.15 percent, recorded last week, per Pricing Culture. Further, the property’s five reductions far exceed the Austin average last week of 2.11 price drops per listing.

The four-bedroom, three-and-a-half-bath home is located in Austin’s Bull Creek neighborhood. According to Realtor.com, the neighborhood as a whole has a median listing price of $1,412,500.

Local market data reported by KXAN Austin shows an increase in the number of days homes are staying on the market over the past eight months, averaging 84 days, though the average is slightly lower compared to a full year prior.

Outside of broader market trends, the home at 4808 Ranch Road could possibly point to an overestimated initial valuation or a lack of buyer interest at the higher price points in this upscale market segment.

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What People Are Saying

Dr. Clare Knap, housing economist at Unlock MLS, told ATX Today: “2025 really will be a year in the Austin housing market that is defined by stability … predictable levels of inventory, relatively consistent mortgage rates, [and] consistent expectations around year-over-year changes to home sales and prices.”

“I don’t think we’re necessarily going to see the same level of growth … as we did in 2024, but I think we’re going to relatively maintain our level of inventory in 2025.”

Marco Santarelli, founder and CEO of Norada Real Estate Investments, wrote in a 2025-2026 Texas housing market forecast: “Several areas, including Austin, Huntsville, Sulphur Springs, Corpus Christi, and the Permian Basin cities like Odessa and Midland, face the possibility of experiencing a decline in home prices over the next year. Keep in mind that the projected declines are generally relatively small.”

What Happens Next

Analysts predict that while 2025 may see improvements in mortgage rates and buying conditions in Austin, sellers might still face pressures if economic uncertainties persist.

As for 4808 Ranch Road, only time will tell if the latest price adjustment will attract buyers or if further reductions are on the horizon.

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Austin, TX

UT Austin students and childhood friends create production company

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UT Austin students and childhood friends create production company


A couple of entrepreneurial 19-year-olds from Austin created a production company that they continue to run in their spare time in between classes at UT Austin.

Like every great business startup story, theirs started in college while they were both sitting on the couch.

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Creating JHMG Productions 

What they’re saying:

John Houston and Mark Greenberg are childhood friends, fraternity brothers at the University of Texas, roommates, and business partners. 

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“Mark and I are actually lifelong friends,” said John Houston. “I’ve known Mark since I was probably third or fourth grade.”

Greenberg and Houston combined their initials and connections to form JHMG Productions last year as freshmen. 

“We were just like sitting on our dorm room couch and just going back and forth,” said Mark Greenberg. “So this past summer, kind of at the end of June, we had our first concert with him down on Sixth Street, where we sold out roughly 700 tickets.” 

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As social chair of his fraternity, Houston already had experience booking events and venues. 

“Live music is crucial, like to that Austin social scene, and it was kind of missing from the UT social scene,” said Houston. 

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They both wanted to breathe life into the art of live music. 

“You might think, ‘Oh, that’s obvious, you would need to get insurance,’ but to a 19-year-old kid in college, that’s not as obvious as you would think,” said Greenberg. 

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The pair took an idea, turned it into a company, and are learning along the way. 

“We had an idea. We didn’t have any money to start it,” said Houston. “If you’re driven, if you put whatever you have into that, good things will come from it.” 

With their next show only weeks away, JHMG Productions expects their largest crowd to date. 

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“49 Winchester really is the pinnacle of what JHMG is supposed to be; that’s going to be our biggest show thus far,” said Houston. “This venue is a lot bigger than, you know, 750 capacity. You know, we could fit 3000 people in here.” 

The next show is on April 10, 2025, at the Far Out Lounge in Southeast Austin.

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They are giving out a discount code for viewers. If you use the code “FOX7” at checkout, you will receive 10 percent off your tickets. 

The Source: Information from interviews conducted by FOX 7 Austin’s Katie Pratt

AustinEntertainmentUT Austin
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Austin, TX

Heavy rain, thunderstorms coming to Central Texas Wednesday through Friday: See forecast

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Heavy rain, thunderstorms coming to Central Texas Wednesday through Friday: See forecast


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Severe weather is coming to Central Texas, bringing thunderstorms and heavy rainfall Wednesday through Friday.

Here’s what to know about the forecast.

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Wednesday: Late afternoon thunderstorms

  • Austin’s high temperature (day): 83℉
  • Austin’s rain totals (day): 0.09 inches
  • Austin’s low temperature (night): 63℉
  • Austin’s rain totals (night): 0.15 inches

AccuWeather predicts some thunderstorms will rumble through Central Texas from the south, with a potential for rain in Austin around 6 p.m. They are expected to move through quickly.

Thursday: Cooler with showers and a heavy thunderstorm

  • Austin’s high temperature (day): 67℉
  • Austin’s rain totals (day): 1.06 inches
  • Austin’s low temperature (night): 62℉
  • Austin’s rain totals (night): 0.70 inches

Thursday will see a bigger cooldown as rain and a thunderstorm arrive in Central Texas. Morning rain showers will transition to steadier rain in the afternoon. The evening will bring more showers and a heavy thunderstorm, with chances for damaging winds, flash flooding and hail.

Friday: Morning thunderstorm, cloudy and warmer afternoon

  • Austin’s high temperature (day): 79℉
  • Austin’s rain totals (day): 0.50 inches
  • Austin’s low temperature (night): 64℉
  • Austin’s rain totals (night): 0.00 inches

Friday morning will bring more periods of rain and a thunderstorm, growing cloudy and warmer in the afternoon. Water may accumulate on roads.



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Austin, TX

Street dog rescue saves more than 1,000 Texas animals

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Street dog rescue saves more than 1,000 Texas animals


Over the last few years, Sasha has saved more than a thousand animals with the help of her family, several volunteers and her network of fosters, known as Jack Jack’s Pack. The nonprofit finds lost pets and returns them to their owners. They also rescue and rehabilitate injured, abandoned and abused animals in and around Central Texas.



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