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Austin, TX 78703 Real Estate Market Report

ZIP Code: 78703
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
95
Active Listings
95
Sold Properties
0

Market Metrics

Median Listing Price
$1,800,000
Median Sold Price
$0
Median Price per Sqft
$748/sqft

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$2,195

Property Taxes

Property Tax Rate
1.29%

Liquidity & Velocity

Median Days on Market
169

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Austin 78703 are approximately 6.4%, reflecting a stable market environment for property owners in this area compared to earlier 2026 benchmarks.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. median sold price is unavailable in the provided metrics, which limits transaction-based valuation and means recent closed-sale benchmarks are not directly measurable from this dataset; this absence may indicate a sparse closed-sales sample or reporting lag in the analyzed feed may indicate limited recent closed-sale data.

  2. median listing price is $1,800,000, which signals seller pricing posture in the neighborhood; combined with a median days on market of 169, this suggests slower sales velocity and potential pricing friction that may pressure negotiations.

  3. The price year-over-year trend is up, while the market temperature is neutral, indicating modest upward value momentum within an overall balanced market environment up and neutral.

  4. Rental dynamics show a median market rent of $2,195 with a rent year-over-year trend of down, pointing to softer rental performance even as owner-market pricing trends are positive; interest rate context shows interest rate pressure is moderate and current mortgage conditions are ~6.4% for a 30-year fixed in Austin 78703, which may temper buyer urgency and investment demand down.


Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

2200 Scenic Dr, Austin, TX 78703
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
4 baths
6,014 sqft
$19,500,000
$3,242/sqft/sqft
39 days on market
2600 Tanglewood Trl, Austin, TX 78703
Premium

Sold above market average

2 beds
4 baths
4,832 sqft
$10,950,000
$2,266/sqft/sqft
169 days on market
3614 Murillo Cir, Austin, TX 78703
Premium

Sold above market average

6 beds
5.75 baths
8,499 sqft
$9,695,000
$1,141/sqft/sqft
252 days on market
2106 Matthews Dr, Austin, TX 78703
Premium

Quick sale indicating strong buyer demand and competitive market conditions.

5 beds
4 baths
5,267 sqft
$7,999,999
$1,519/sqft/sqft
18 days on market
2308 Hartford Rd, Austin, TX 78703
Premium

Sold above market average

5 beds
6 baths
5,300 sqft
$7,425,000
$1,401/sqft/sqft
31 days on market
2604 Wooldridge Dr, Austin, TX 78703
Premium

Sold above market average

6 beds
5 baths
6,539 sqft
$6,950,000
$1,063/sqft/sqft
38 days on market
2521 Harris Blvd, Austin, TX 78703
Premium

Sold above market average

5 beds
5 baths
5,102 sqft
$6,500,000
$1,274/sqft/sqft
182 days on market
1012 Gaston Ave, Austin, TX 78703
Premium

Sold above market average

5 beds
4 baths
4,647 sqft
$6,495,000
$1,398/sqft/sqft
186 days on market

Austin, TX 78703 Real Estate Market Report

ZIP Code: 78703
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
22
Active Listings
22
Sold Properties
0

Market Metrics

Median Listing Price
$417,000
Median Sold Price
$0
Median Price per Sqft
$541/sqft

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$2,600

Property Taxes

Property Tax Rate
1.63%

Liquidity & Velocity

Median Days on Market
110

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Austin 78703 are approximately 6.4%, reflecting a stable market environment for property owners in this area compared to earlier 2026 benchmarks.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. The primary market indicator, median sold price, is not available in the provided metrics, so recent transaction-level pricing cannot be directly stated and the analysis relies on the available listing snapshot and trend signals.

  2. The neighborhood shows a median listing price of $417,000, which alongside a relatively high median price per square foot of $541 may signal pricing that reflects premium per-foot valuations and caution for buyers comparing asking levels to unknown recent sale prices.

  3. A median days on market of 110 points to slower sales velocity and may indicate pricing friction or longer negotiation windows; observed conditions appear to reflect moderate transaction volume with relatively constrained active supply rather than rapid turnover.

  4. The price year-over-year trend is up while the rent year-over-year trend is down, and the area reports a median market rent of $2,600; with interest rate pressure labeled moderate and current 30-year fixed mortgage rates of approximately 6.4%, this suggests a balanced-to-cautious ownership market where owners face moderate financing headwinds but property values are holding upward momentum.


Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

1408 W 9th St # 301, Austin, TX 78703
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
2 baths
2,919 sqft
$3,250,000
$1,113/sqft/sqft
409 days on market
2411 Winsted Ln # 1, Austin, TX 78703
Market Benchmark

Sold at market average

3 beds
2 baths
2,950 sqft
$1,500,000
$508/sqft/sqft
70 days on market
1513 Forest Trl Apt 3, Austin, TX 78703
Premium

Sold above market average

3 beds
2 baths
1,892 sqft
$1,450,000
$766/sqft/sqft
93 days on market
1506 W 13th St Apt 11, Austin, TX 78703
Market Benchmark

Sold at market average

3 beds
3 baths
2,494 sqft
$1,350,000
$541/sqft/sqft
67 days on market
901 W 9th St Apt 706, Austin, TX 78703
Premium

Sold above market average

2 beds
2 baths
1,611 sqft
$1,250,000
$776/sqft/sqft
86 days on market
2308 W 9th St # B, Austin, TX 78703
Market Benchmark

Sold at market average

2 beds
2 baths
2,085 sqft
$1,195,000
$573/sqft/sqft
260 days on market
300 Bowie St Apt 2602, Austin, TX 78703
Premium

Sold above market average

3 beds
3 baths
1,704 sqft
$1,149,000
$674/sqft/sqft
56 days on market
300 Bowie St Apt 2701, Austin, TX 78703
Premium

Sold above market average

3 beds
2.5 baths
1,631 sqft
$1,100,000
$674/sqft/sqft
90 days on market

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

GemHaus

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