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Austin, TX 78757 Real Estate Market Report

ZIP Code: 78757
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.

Analysis Window
180 Days
Total Properties Analyzed
130
Active Listings
125
Sold Properties
5

Market Metrics

Median Listing Price
$639,000
Median Sold Price
$425,000
Median Price per Sqft
$379/sqft

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

Median Market Rent
$1,700

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.


Property Taxes

Property Tax Rate
1.46%

Liquidity & Velocity

Median Days on Market
204
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Key Findings

  1. The neighborhood's primary market indicator, the median sold price of 425,000, points to the effective transaction level for recent sales and should be weighted more heavily than asking prices when valuing comparable properties.

  2. There is a notable listing-to-sale gap: the median listing price of 639,000 sits well above the median sold price, which may indicate pricing friction between seller expectations and realized transaction prices.

  3. Liquidity appears constrained by slower turnover: the median days on market of 204 suggests slower sales velocity, and when combined with elevated inventory relative to sales activity this may pressure discounting or lengthen marketing timelines.

  4. Market context signals mixed fundamentals—the price year-over-year trend is up and rent year-over-year trend is up (supporting demand), while market temperature is neutral and interest rate pressure is elevated, a combination that suggests cautious optimism but increased financing sensitivity for buyers.


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.

Recent Transactions

1707 Karen Ave, Austin, TX 78757
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
3 baths
3,442 sqft
$755,086
Nov 1, 2025
$219/sqft/sqft
1513 W Saint Johns Ave, Austin, TX 78757
Premium

Sold above market average

3 beds
1 baths
1,064 sqft
$582,705
Jan 1, 2026
$548/sqft/sqft
4131 days on market
1513 W Saint Johns Ave, Austin, TX 78757
Premium

Sold above market average

3 beds
1 baths
1,064 sqft
$582,705
Jan 1, 2026
$548/sqft/sqft
4131 days on market
1201 Romeria Dr, Austin, TX 78757
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
1 baths
1,176 sqft
$397,000
Apr 1, 2026
$338/sqft/sqft
4052 days on market
8503 Stillwood Ln, Austin, TX 78757
Value

Sold below market average

3 beds
1 baths
1,627 sqft
$331,000
Nov 1, 2025
$203/sqft/sqft
259 days on market
8503 Stillwood Ln, Austin, TX 78757
Value

Sold below market average

3 beds
1 baths
1,627 sqft
$331,000
Nov 1, 2025
$203/sqft/sqft
259 days on market
8611 Putnam Dr # C, Austin, TX 78757
Value

Sold below market average

- beds
2 baths
1,024 sqft
$202,500
Mar 1, 2026
$198/sqft/sqft
8611 Putnam Dr # C, Austin, TX 78757
Value

Sold below market average

- beds
2 baths
1,024 sqft
$202,500
Mar 1, 2026
$198/sqft/sqft

Austin, TX 78757 Real Estate Market Report

ZIP Code: 78757
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.

Analysis Window
180 Days
Total Properties Analyzed
31
Active Listings
26
Sold Properties
5

Market Metrics

Median Listing Price
$184,000
Median Sold Price
$0
Median Price per Sqft
$250/sqft

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

Median Market Rent
$1,498

Property Taxes

Property Tax Rate
1.87%

Liquidity & Velocity

Median Days on Market
137

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Key Findings

  1. The median sold price is unavailable in the provided metrics, and as the primary indicator of market value and recent transaction activity its absence limits precision in valuing comparables and assessing realized appreciation; this likely reflects limited recent sale reporting or suppressed transaction detail in the data feed. contextual

  2. The price year-over-year trend: up alongside a median listing price of $184,000 suggests seller price expectations are higher than what transaction-level clarity currently confirms, and sellers should be prepared for neutral negotiating conditions given the broader market temperature. up

  3. The median days on market: 137 points to slower sales velocity and increased time required to transact, which may indicate pricing friction or a more deliberate buyer decision process rather than acute market weakness. down

  4. Rental fundamentals are firm: the median market rent: $1,498 and a rent year-over-year trend: up indicate strengthening local rental demand, but rising borrowing costs—interest rate pressure: elevated—may constrain buyer affordability and transaction activity; the overall market temperature: neutral suggests a balanced but cautious near-term outlook. up elevated neutral


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.

Recent Transactions

8414 Bowling Green Dr # 3, Austin, TX 78757
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
2 baths
1,555 sqft
$599,900
$386/sqft/sqft
77 days on market
1304 Palo Duro Rd # B, Austin, TX 78757
Premium

Sold above market average

2 beds
2 baths
891 sqft
$510,000
$572/sqft/sqft
109 days on market
1211 Taulbee Ln # 2, Austin, TX 78757
Premium

Sold above market average

2 beds
2 baths
937 sqft
$500,000
$534/sqft/sqft
64 days on market
6444 Burnet Rd Unit 403, Austin, TX 78757
Premium

Quick sale indicating strong buyer demand and competitive market conditions.

1 beds
- baths
810 sqft
$279,000
$344/sqft/sqft
16 days on market
2104 Cullen Ave # 7204, Austin, TX 78757
Premium

Sold above market average

2 beds
- baths
896 sqft
$260,000
$290/sqft/sqft
147 days on market
8605 Putnam Dr Apt 202, Austin, TX 78757
Market Benchmark

Sold at market average

2 beds
1 baths
910 sqft
$250,000
$275/sqft/sqft
169 days on market
2425 Ashdale Dr Apt 41, Austin, TX 78757
Market Benchmark

Sold at market average

2 beds
- baths
973 sqft
$235,000
$242/sqft/sqft
109 days on market
2600 Penny Ln Apt 207, Austin, TX 78757
Premium

Sold above market average

2 beds
2 baths
831 sqft
$233,000
$280/sqft/sqft
97 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$1,090/mo
78757 Avg Rent
78757 Cost to Own
Rent$1,700
Own$2,790

20% down, 6.5% rate, 1.5% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

78757 Avg nightly rate
78757 Avg occupancy (days/year)
Nightly rate$160/night
Occupancy115 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

GemHaus

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