Why Should I Work With a Real Estate Agent in Austin?

Working with a local Austin real estate agent can help you better understand neighborhoods, pricing, market trends, property taxes, contract terms, and the buying or selling process. Austin’s market can vary significantly from one area to another, so having an experienced agent can make it easier to compare homes, negotiate effectively, and move through the transaction with more confidence.

Is Austin a Buyer’s Market Right Now?

As of July 2026, Austin has about 6.05 months of inventory, which generally indicates a buyer’s market. With more available homes and less pressure than the peak years of the market, buyers may have more room to compare options, negotiate, and take their time making a decision.

What Is the Median Home Price in Austin?

Austin’s median sold home price is $475,000 as of July 2026. While prices can vary widely by neighborhood, property type, size, and condition, this gives buyers and sellers a general benchmark for the local market.

Are Austin Home Prices Going Down?

Austin home prices are currently 13.6% below their May 2022 peak. The market is still finding its footing in 2026, with pricing conditions depending heavily on the neighborhood, home type, and buyer demand in each area.

How Many Homes Are Currently Listed for Sale in Austin?

There are currently 17,573 active listings in the Austin area, which is slightly down from last year. This gives buyers a wider range of options to consider while still requiring a smart search strategy to find the right property.

What Austin Neighborhoods Does Pauly Presley Realty Serve?

Pauly Presley Realty helps buyers, sellers, renters, and tenants throughout Austin and Central Texas, including West Austin, Central Austin, East Austin, Downtown Austin, and surrounding communities. Each area offers a different lifestyle, price range, and mix of homes, so working with a local agent can help you narrow your options.

Can a Real Estate Agent Help Me Rent an Apartment in Austin?

Yes. Pauly Presley Realty works with tenants as well as buyers and sellers. Whether you are looking for an apartment in Downtown Austin, a home in the suburbs, or a rental near work, school, or entertainment, an Austin real estate agent can help you compare listings and find options that fit your needs.

Can Pauly Presley Realty Help Me Sell My Austin Home?

Yes. Pauly Presley Realty assists Austin homeowners with selling their properties by helping with pricing, marketing, listing strategy, negotiations, and transaction guidance. An experienced Austin Realtor can help you understand current market conditions and position your home for the right buyers.

What Makes Pauly Presley Realty Different From Other Austin Real Estate Agents?

Pauly Presley Realty has served the Austin real estate market since 2005 and brings local knowledge, responsive service, daily-updated listing tools, and experience with buyers, sellers, tenants, and residential or mixed-use projects. The team understands Austin’s neighborhoods and helps clients make decisions based on their goals, budget, and timeline.

Can an Austin Real Estate Agent Help With Off-Market Properties?

Yes. Pauly Presley Realty has local connections throughout Austin and may be able to help clients learn about select off-market opportunities before they appear on the MLS. Availability depends on the market, property type, and client needs.

What Should I Look for in an Austin Real Estate Agent?

Look for an Austin real estate agent with local market knowledge, a valid real estate license, strong communication skills, neighborhood experience, negotiation ability, and a clear understanding of the buying, selling, or renting process. A good agent should also help explain terms, timelines, property details, and next steps in a way that feels easy to understand.

How Can I Start Searching for Homes in Austin?

You can start by using Pauly Presley Realty’s Austin property search tools to browse current listings, compare neighborhoods, narrow homes by price and features, and save custom searches. Once you have a clearer idea of what you want, an Austin Realtor can help you tour homes, evaluate options, and move forward with the right property.

Is Downtown Austin a Good Place to Live?

Downtown Austin can be a great fit for buyers or renters who want an active urban lifestyle close to restaurants, nightlife, entertainment, employers, and cultural attractions. It may not be the right fit for everyone, so comparing Downtown Austin with areas like West Austin, Central Austin, and East Austin can help you decide what works best.

Is West Austin a Good Area to Buy a Home?

West Austin is often considered one of the city’s most desirable regions, with access to top schools, shopping, golf courses, and scenic residential areas. Homes in West Austin can vary in price and style, so working with an Austin real estate agent can help you find options that match your lifestyle and budget.

How Do I Contact Pauly Presley Realty?

If you are interested in buying, selling, or renting in Austin, you can contact Pauly Presley Realty by phone or through the website to connect with an experienced Austin Realtor and get started.

1 of 27 - 54 Rainey Street 811, Austin, TX

2 of 27 - 54 Rainey Street 811, Austin, TX

3 of 27 - 54 Rainey Street 811, Austin, TX

4 of 27 - 54 Rainey Street 811, Austin, TX

View Gallery

54 Rainey Street 811, Austin, TX

$349,000

Previous Next

Bed

Bath

756

Square feet

Overview
Facts & Features
Map & Directions
Request Showing

About 54 Rainey Street 811

Live ON the lake and trail. Enjoy the best of downtown Austin living in this pristine 1-bedroom, 1-bath condo at Milago Condominiums. Located on vibrant Rainey St. with direct access to Lady Bird Lake & Trail, this residence offers an open floor plan, natural light, and one reserved parking space in the gated garage. Amenities include a rooftop pool and spa, 2nd floor fitness center and party/club room, and 1st floor lounge looking out to a private patio, the trail and the lake. Top notch concierge service and secure access 24/7. Walk to dining, entertainment, nightlife and outdoor recreation while enjoying a convenient lock-and-leave lifestyle. Milago is the only downtown condo building situated right on Lady Bird Lake.

Features of 54 Rainey Street 811

MLS® #	2641435
Price	$349,000
Bedrooms	1
Bathrooms	1.00
Full Baths	1
Square Footage	756
Acres	0.00
Year Built	2005
Type	Residential
Sub-Type	Condominium
Status	Active

Community Information

Address	54 Rainey Street 811
Area	DT
Subdivision	Milago Condo Amd
City	Austin
County	Travis
State	TX
Zip Code	78701

Amenities

Amenities	Concierge
Utilities	Cable Available, Electricity Available, Sewer Connected, Water Available
Features	Common Grounds/Area, Community Mailbox, Gated, Pool, Street Lights, Trails/Paths, Bar/Lounge, Bicycle Storage, Concierge, Conference/Meeting Room, Courtyard, Fitness Center, Package Service, Property Manager On-Site, Sidewalks
Parking	Garage, Guest, Covered, Gated
Garage Spaces	1
View	Neighborhood
Is Waterfront	Yes
Waterfront	Lake Front, River Front
Has Pool	No

Interior

Interior	Tile, Wood
Interior Features	Breakfast Bar, Open Floorplan, See Remarks
Appliances	Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Washer/Dryer Stacked
Heating	Electric
Fireplace	No
# of Stories	1
Stories	One

Exterior

Exterior Features	Balcony, See Remarks
Lot Description	Many Trees, See Remarks
Roof	Built-Up
Construction	Stucco, Brick, Stone
Foundation	Pillar/Post/Pier

School Information

District	Austin ISD
Elementary	Mathews
Middle	O Henry
High	Austin

Additional Information

Date Listed	June 5th, 2026
Days on Market	88
Foreclosure	No
Short Sale	No
RE / Bank Owned	No

Listing Details

Office	Brauman Realty, Inc
Contact Info	(303) 520-2955

Listing Map

Request a Showing

Leave text box empty Leave text box empty Leave text box empty

Full Name- required

Phone Number - required

Email- required _{Provide a valid email address.}

When would you like to view this property?

ASAP

This Week

Next Week

Select Day

Do you have any other Notes?