MLK Housing Market Report February 2025•Travis County, Texas

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Housing Prices in MLK, TX

How much do homes in MLK, TX cost?

Housing Market Conditions

Is MLK, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

MLK is a Neutral Market

Difference Since February 2024

At the same time last year, MLK was a Buyer's Market.

Insight

MLK is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$552,500$402/SqFt
-$65,000
-10.5%

Based on all homes sold in the last 12 months

Insight

Homes in MLK have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in MLK was $552,500 in February 2025, down 10.5% from last year, and the median price per square foot was $402.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$370K-
N/A
2$522.5K$496.7K
-4.9%
3$715K$624.9K
-12.6%
4$900K$755K
-16.1%
5$1.4M$467.5K
-67.8%

Summary: MLK housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -4.9%. The home price for 3 bedroom homes decreased by -12.6%. The home price for 4 bedroom homes decreased by -16.1%. The home price for 5 bedroom homes decreased by -67.8%.

How does MLK, TX compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

MLK, TX

Housing supply in MLK, TX

How many homes are available in MLK, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
47Last MonthFeb 2025
492 months agoJan 2025
-4.1 %
Change MoMJan – Feb

Summary: The MLK real estate market had 47 homes for sale in Feb 2025, a 4.1 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthFeb 2025
42 months agoJan 2025
+75.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
121
-50.0%
21414
0.0%
32521
-16.0%
479
+28.6%
512
+100.0%

Summary: MLK housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -16.0%. The inventory for 4 bedroom homes increased by +28.6%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in MLK, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price6 Homes

Insight

If you're buying a home in MLK, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in MLK in February 2025, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and and 14% were sold over asking.

Days on Market for MLK, TX

How long does it take to sell a home in MLK, TX?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in MLK has remained consistent over time.

Summary: During February 2025, 7 homes were sold in MLK; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
68 DaysThis YearFeb 2025
113 Days1 year agoFeb 2024
-39.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in MLK had an average listing age of 68 days in Feb 2025, down by 39.8% compared to the previous year.

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Newest Listings in MLK, TX

What homes are available in MLK, TX?

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MLS Disclaimers and Copyright

Based on information from Unlock MLS, for the period 03/01/2023 - 03/01/2025

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 3/15/2025, 3:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.