Austin, TX 78731 Real Estate Market Report

ZIP Code: 78731
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

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 the 78731 area are approximately 6.4%, which is 0.1% lower than the 6.5% average observed earlier in 2026.

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. The primary market-value indicator, median sold price, is not reported in the provided metrics; this may reflect limited closed-transaction sampling or a reporting lag in sales data, so rely cautiously on listed-price and trend signals for near-term valuation context.

2. The median listing price: 1,199,000 is accompanied by a down price year-over-year trend, suggesting sellers may be adjusting expectations; with a neutral market temperature, this implies pricing friction rather than a decisive market swing toward buyers or sellers.

3. Liquidity appears soft: the median days on market: 110 indicates slower sales velocity and, combined with elevated inventory relative to sales activity in the sample, may indicate pricing pressure and longer negotiation windows for sellers.

4. Rental and financing context is weakening: the median market rent: 1,500 is paired with a down rent year-over-year trend, while interest rate pressure is elevated and local 30-year fixed mortgage rates are reported near 6.4% (about 0.1% lower than an earlier 6.5% average), which together may temper investor demand and reduce immediate upward pressure on prices.

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Notable Properties

The following 1 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.

Austin, TX 78731 Real Estate Market Report

ZIP Code: 78731
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.

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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

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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 the 78731 area are approximately 6.4%, which is 0.1% lower than the 6.5% average observed earlier in 2026.

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. The primary indicator of recent transaction value is the median sold price, but this metric is unavailable in the provided dataset; its absence may reflect reporting lag or limited closed-sales data in the sampled properties and constrains direct assessment of realized market values.

2. The listing snapshot shows a median listing price $271,850 while the price year-over-year trend is down, which suggests asking prices are under pressure and sellers may face increased negotiation on offers.

3. Liquidity appears muted: a median days on market 158 indicates slower sales velocity and, combined with elevated inventory relative to sales activity, may indicate pricing friction rather than rapid turnover.

4. Local value benchmarks show a median price per square foot $273, and the rental side shows a median market rent $1,650 with the rent year-over-year trend down; with interest rate pressure elevated and 30‑year fixed rates at 6.4% (0.1% lower than the 6.5% average earlier in 2026), financing remains a headwind that may further dampen demand.

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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.