Austin, TX 78724 Real Estate Market Report

ZIP Code: 78724
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.

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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.

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Market Metrics

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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Austin TX 78724 are 6.30% compared to the 6.06% average seen in early 2026, indicating that property owners who secured loans earlier this year locked in a more favorable rate.

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

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Key Findings

1. Median sold price is the primary indicator of market value and recent transactions, but a median sold price value is not provided in the available metrics; this limits direct transaction-based pricing conclusions and suggests relying on the listed metrics and qualitative signals for near-term valuation guidance.

2. median listing price: 435,000 sits alongside extended time-to-contract, with median days on market: 175 — this combination suggests pricing friction and down-ward pressure on realized sale prices and slower sales velocity.

3. median price per square foot: 233 coupled with a down price year-over-year trend indicates local price softening versus prior periods; sellers should expect negotiated price concessions and buyers may find relative value opportunities.

4. median market rent: 1,900 and a down rent year-over-year trend, together with neutral market temperature and interest rate pressure: elevated, imply weakened near-term rental cashflow prospects and higher financing costs for new buyers (current mortgage rate comparisons favor earlier 2026 locks).

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Notable Properties

The following 7 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.