Austin, TX 78717 Real Estate Market Report

ZIP Code: 78717
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Austin, TX (ZIP: 78717) stands at $649,950, reflecting a cooling trend in the market as prices have decreased 8% since 2022. This decline indicates a shift in buyer sentiment and market dynamics, likely influenced by elevated interest rates and a broader economic context. The median listing price is slightly higher at $652,500, suggesting some pricing friction as sellers adjust expectations to align with the current market realities.

Transaction activity appears moderate, with a notable 216 days on market for sold properties, indicating slower sales velocity and potentially excess supply relative to sales activity. The market temperature is currently assessed as neutral, suggesting a balanced environment where neither buyers nor sellers hold a significant advantage. This balance may provide opportunities for buyers to negotiate better terms as they navigate the elevated inventory levels in the area.

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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

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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.

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Key Findings

1. The median sold price of $649,950 indicates a market adjusting to downward price pressure.

2. Properties are taking a considerable 216 days on market, reflecting slower sales velocity and potential buyer hesitation.

3. The median listing price of $652,500 suggests some pricing friction as sellers may need to adjust expectations.

4. With a down year-over-year trend in prices, the market is experiencing softening conditions that may affect future sales.

5. The median market rent is $2,600, which, alongside the down trend in rent, may indicate a cooling rental market as well.

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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.