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Featured local agent — Austin, MN
Sarah Mitchell
Compass Real Estate · Austin, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Austin, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$258,450median sale price
How is the Austin, MN housing market right now?
The median home sale price in Austin, MN is $258,450, up 43.6% year-over-year. Homes sell in an average of 35 days with 68 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Austin a buyer's or seller's market?
Austin, MN is currently a seller's market, based on 1.9 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
36
Last 12 weeks
Days on market
35
Average pace
Active listings
68
1.9 months supply
Sale-to-list
99.5%
Below asking
What does the Austin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $258,450 |
| Median list price | $228,000 |
| Year-over-year price change | +43.6% |
| Average days on market | 35 days |
| Active inventory | 68 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $126/sq ft |
| Homes sold (latest month) | 36 |
| New listings (latest month) | 45 |
| Listings with a price cut | 41.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Austin by property type?
How the Austin, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $256,900 | $130/sq ft | 33 | 31 days |
| Condo / Co-op | $96,200 | $127/sq ft | 2 | 82 days |
| Townhouse | $350,000 | $114/sq ft | 2 | 94 days |
Source: Redfin · Updated monthly
The Austin housing market is currently classified as a seller's market with a median sale price of $258,450. Prices have risen 43.6% compared to last year, with homes spending an average of 35 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Austin
There are currently 68 homes listed for sale in Austin, Minnesota. The median listing price is $228K.
Active listings
68
Homes on market
Median list price
$228K
Avg. days on market
35
Days until sale
New this week
45
Newly listed
Who lives in Austin?
Population
26,167
Median income
$66,488/yr
Median age
36.3 years
Owner-occupied
69.6%
College grads
23.2%
Avg commute
17.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Austin?
Zillow home value
$191,405
Zillow rent index
$947/mo
Price-to-rent ratio
16.8x
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Austin?
Austin is a community of approximately 26K residents with a median age of 36.3 years.The median household income is $66,488, which represents a working-class community with solid middle-income opportunities. 23.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Austin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Austin?
18 schools tracked · 5,268 students
The largest public schools serving Austin, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
AUSTIN SENIOR HIGH
Grades 9-12 · 1,408 students
ELLIS MIDDLE
Grades 7-8 · 713 students
I.J. HOLTON INTERMEDIATE SCHOOL
Grades 5-6 · 700 students
BANFIELD ELEMENTARY
Grades 1-4 · 478 students
SOUTHGATE ELEMENTARY
Grades 1-4 · 460 students
WOODSON KINDERGARTEN CENTER
Grades PK-K · 366 students
NEVELN ELEMENTARY
Grades 1-4 · 352 students
SUMNER ELEMENTARY
Grades 1-4 · 341 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Austin, MN?
Want a head-to-head view? Compare Austin side-by-side with any other U.S. city using our market-comparison tool.
Is Austin a good real estate investment market?
For investors evaluating Austin, the price-to-rent ratio of 16.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 43.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Austin's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Austin's median home price.
Frequently asked questions
What is the average home price in Austin?
The median home sale price in Austin is $258,450, up 43.6% from last year.
How long do homes stay on market in Austin?
Homes typically spend 35 days on market before going under contract.
What is the median income in Austin?
The median household income is $66,488 per year.
Is Austin a buyer's or seller's market?
With 1.9 months of supply, Austin is currently a seller's market.
What is the Zillow home value estimate for Austin?
The Zillow Home Value Index (ZHVI) for Austin is $191,405, representing the typical home value in the area.
What is the median condo price in Austin?
The median condo/co-op sale price in Austin, MN is $96,200, compared to $256,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Austin?
The median single-family home price in Austin, MN is $256,900 (about $130 per square foot).
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