As we step into February 2025, the Austin real estate market is exhibiting signs of stability and balance. Recent reports indicate that active listings in Austin increased by nearly 15% in 2024, a trend expected to continue into 2025. Home sales and prices are anticipated to remain steady, offering more opportunities for buyers due to the increased inventory.

Zillow’s senior economist has described the Austin-Round Rock Metropolitan housing market as entering 2025 in a “healthier” state compared to its previously “unsustainably hot” conditions. This shift suggests a more balanced environment for both buyers and sellers.

In terms of pricing, the median home sold price in Austin was $573,763 in January 2025, reflecting a 0.7% increase from the previous year. The median price per square foot stood at $308.

Homestead Exemption Reminder

As a homeowner, it’s crucial to file for your homestead exemption to reduce your property’s taxable value, potentially leading to significant savings. In Texas, the general residential homestead exemption is available to homeowners who own and reside at their property as of January 1st of the tax year. The application deadline is typically April 30th.

Here’s how to apply in Travis, Hays, and Williamson counties:

• Travis County: Submit a completed application along with a driver’s license or state-issued personal ID certificate that has the same address as the property you’re applying for. Applications can be filed online or mailed to the Travis Central Appraisal District.
• Hays County: Access the homestead exemption form online, complete it, and submit it with a copy of your driver’s license either through their online portal or by mailing it to the Hays Central Appraisal District.
• Williamson County: Utilize the online exemption form for quicker filing and expedited processing. Ensure you have the necessary documentation ready for submission. Williamson County Forms

Remember, there’s no fee to file for exemptions, and once approved, you don’t need to reapply annually. Filing your homestead exemption not only provides immediate tax relief but also offers long-term benefits, such as protection against certain types of creditors and limitations on property tax increases.

For Renters: Is 2025 the Year to Buy Your Dream Home?

Are you looking to move into your dream home this year? If you’ve been renting and considering making the leap into homeownership, now may be a great time to explore your options.

Benefits of Buying vs. Renting:

• Building Equity: Instead of paying rent to a landlord, you’re investing in your future by building equity in a home.
• Stable Monthly Payments: Unlike rent, which can increase annually, a fixed-rate mortgage keeps your payments stable.
• Tax Benefits: Homeowners can take advantage of deductions such as mortgage interest and property taxes.
• Personalization & Stability: Homeownership allows you to customize your living space and provides long-term stability.

Take the first step by connecting with our local lenders for pre-qualification to see what mortgage options are available to you. Contact our office for a free buyer’s guide and start your journey toward homeownership today!

By staying informed about the current market trends and ensuring you take advantage of available exemptions and opportunities, you can make the most of your real estate decisions in the Austin area.

FEATURED BUILDING

NATIIVO AUSTIN – 48 EAST AVENUE AUSTIN TX 78701
MULTIPLE INVESTMENT OR SECOND HOME OPTIONS
Welcome to Natiivo Austin, the only Airbnb downtown tower where luxury meets opportunity. Natiivo Austin offers an array of amenities designed to enhance your living experience. Enjoy the rooftop swimming pool with shaded cabanas, outdoor lounge seating, a rooftop fireplace, and a clubhouse on the 33rd floor. The outdoor terrace and garden provide a serene escape. At the same time, the fitness center on the 10th floor caters to active lifestyles with yoga and Peloton bike studios, an outdoor workout area, and state-of-the-art equipment.

Additional amenities include a 24-hour concierge, a dog run, a pet washing station, a café bar and lounge near the lobby, bike storage, co-working spaces, valet parking, and keyless entry. Experience the best of urban living in this exceptional condo at Natiivo Austin. The kitchens feature Bosch stainless steel appliances, European kitchen cabinets with contemporary hardware, a terrazzo-style backsplash, floating shelves, and elegant imported stone countertops. Each room is fully furnished, inviting you to move in and immediately embrace the vibrant lifestyle of Downtown Austin.

The bathrooms are a sanctuary of luxury, equipped with premium European-style plumbing, dual sinks, glass shower enclosures, designer fixtures, and custom-finished floors and walls in wet areas.

Message the Bodman Group today for a private tour!