Austin, TX 78748 Real Estate Market Report

ZIP Code: 78748
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The primary market indicator, the median sold price, is 346,000 — this representative recent sale level, when compared to the median listing price of 399,995, suggests pricing friction with seller asking levels above realized transaction prices.

2. Liquidity is slow: the median days on market is 183, which points to slower sales velocity and suggests sellers may need longer listing periods or price concessions to transact.

3. Market direction and temperature show weakening conditions: price year-over-year trend is down and the market temperature is cold, indicating a buyer-leaning dynamic and increased negotiation leverage for purchasers.

4. Rental and financing headwinds are adding pressure: the median market rent is 1,800 and rent year-over-year trend is down, while interest rate pressure is elevated, which together may constrain investor demand and reduce affordability for owner-occupiers.

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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.

Austin, TX 78748 Real Estate Market Report

ZIP Code: 78748
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The neighborhood's primary transaction indicator, the median sold price, is not available in the provided metrics; as a contextual reference, the median listing price is 410,000, which may overstate realized transaction values given limited closed-sale data and sampling constraints.

2. Market liquidity appears slow: the median days on market is 184, which suggests declining sales velocity and pricing friction that may require sellers to adjust expectations or offer concessions.

3. Supply/velocity balance is weak with cold market conditions: the market temperature is cold, and the analyzed sample indicates elevated inventory relative to sales activity, which may increase negotiating leverage for buyers under current interest rate dynamics.

4. Rents and price pressure are both softening: the median market rent is 2,100 while the rent year-over-year trend is down, and broader price momentum is also down; combined with elevated interest rate pressure, this suggests lower near-term yield and affordability stress for owner-occupiers and investors.

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Notable Properties

The following 3 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.