Austin, TX 78702 Real Estate Market Report

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

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

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price (unavailable) — The median sold price, the primary indicator of realized market value and recent transaction activity, is not provided in the available metrics; this likely reflects an extremely small or incomplete sold-sample in the dataset and means recent transaction-based valuation must be treated with caution. use recent closed sales cautiously.
2. median listing price $675,000 and median price per square foot $524 — Current asking prices point to a relatively high price point per area, but without a reported median sold price it is unclear how representative listing expectations are of actual sale outcomes; sellers may need to align expectations to transaction evidence. pricing friction possible.
3. median days on market 147 and elevated inventory relative to sales activity — Extended time-to-contract combined with the sample’s elevated inventory suggests slower sales velocity and increased negotiation leverage for buyers; this pattern may indicate longer listing periods and more frequent price adjustments. slower transaction velocity.
4. median market rent $2,400, rent year-over-year trend down, and 30-year fixed ~6.5% with interest rate pressure elevated — Rental cash flows are softening while financing costs remain elevated, which may reduce investor demand and place further downward pressure on both rents and prices in the near term. declining rent demand.

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.