Austin, TX 78727 Real Estate Market Report

ZIP Code: 78727
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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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 are averaging 6.46% as of May 2026, reflecting a stable market environment for property owners in this area.

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 realized market value, but a recent median sold price is unavailable in the provided data, which may reflect limited closed-transaction sampling or reporting lag rather than a lack of market activity.

2. The neighborhood shows a softer price trend with down year-over-year pricing pressure while the median listing price sits at 478,950, suggesting seller expectations remain anchored above recent transaction visibility and may require price adjustments to accelerate closings.

3. Liquidity appears muted: the median days on market is 140, which indicates slower sales velocity and moderating market turnover that may prolong time-to-contract even as market temperature is classified as neutral.

4. Market fundamentals show downward rental pressures with median market rent at 1,900 and rent year-over-year trend down, while financing headwinds persist given elevated interest rate pressure and current 30-year fixed mortgage rates averaging 6.46%, which may dampen buyer purchasing power and prolong the period needed to rebalance pricing and demand.

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Notable Properties

The following 4 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.