Austin, TX 78744 Real Estate Market Report
ZIP Code: 78744
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.
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.
Rental Market
Property Taxes
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.
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 78744 Austin market are averaging 6.46%, which is approximately 0.27% higher than the 6.19% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The median sold price $285,950 is the primary indicator of recent market value in 78744 and points to transaction-level weakness relative to asking expectations; the gap versus the median listing price $425,000 suggests pricing friction between sellers and realized sales.
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Liquidity appears muted: the median days on market 123 indicates slower sales velocity and, combined with elevated inventory relative to sales activity in the sample, may indicate sellers need to adjust pricing or concession strategies to accelerate transactions.
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Local pricing trends show downward momentum: year-over-year price direction is reported as down and rent trends are also down, which together suggest near-term pressure on both resale valuations and rental income expectations.
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Financing and cost-of-capital dynamics are a moderating influence: interest rate pressure is described as moderate, and local 30-year fixed mortgage rates averaging 6.46% (approximately 0.27% higher than 6.19%) may further constrain buyer qualification and keep upward price recovery limited in the near term.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Austin, TX 78744 Real Estate Market Report
ZIP Code: 78744
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.
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.
Rental Market
Property Taxes
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.
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 78744 Austin market are averaging 6.46%, which is approximately 0.27% higher than the 6.19% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood's primary indicator, median sold price, is not reported in the provided metrics; this likely reflects limited closed-transaction data in the sampled dataset, so rely on representative sale metrics (price per square foot and recent market rent) and trade comps for valuation guidance.
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The sample indicates elevated inventory relative to sales alongside a long median days on market: 157, which suggests slower sales velocity and increased pricing friction for sellers rather than immediate demand-driven price support.
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Pricing context shows a median price per square foot: 215 paired with a median market rent: 2,100; with the broader price trend listed as down and rent trend also down, expect continued pressure on nominal price growth and rental income expectations.
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Financing and carrying-cost considerations are meaningful: current local 30-year fixed rates are 6.46%, which is approximately 0.27% higher than the 6.19% average earlier in 2026, and interest rate pressure is characterized as moderate, likely weighing on buyer affordability and transaction velocity.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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