Austin, TX 78717 Real Estate Market Report

ZIP Code: 78717
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.

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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

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 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 Austin TX are 6.29% compared to 5.99% when typical loans in this area originated in January 2026.

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

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Key Findings

1. median sold price is the primary indicator of realized market value and recent transaction activity, but a current median sold price is not available in the provided metrics; this absence limits direct assessment of recent sale-level pricing and suggests relying on listed-price signals and transaction velocity indicators instead. contextual

2. median listing price $599,200 coupled with a median days on market 113 and the noted down price year-over-year trend suggests persistent pricing friction and slower sales velocity, with elevated inventory relative to sales activity appearing to put downward pressure on achievable sale prices.

3. median market rent $2,300 and the down rent year-over-year trend indicate softening rental demand; combined with an observed increase in supply and elevated interest rate pressure, this may constrain investor appetite for SFR and condominium acquisitions in the near term.

4. interest rate pressure elevated — Current 30-year fixed mortgage rates in Austin TX are 6.29% compared to 5.99% when typical loans in this area originated in January 2026 — this rising financing cost dynamic, together with a neutral market temperature, suggests buyers may be selective and sellers should consider pricing and concessions to maintain liquidity. caution

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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.

Austin, TX 78717 Real Estate Market Report

ZIP Code: 78717
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.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Austin TX are 6.29% compared to 5.99% when typical loans in this area originated in January 2026.

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

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Key Findings

1. median sold price is not provided in the supplied metrics, and as the primary indicator of realized market value and recent transaction activity this absence limits direct, transaction-based valuation and makes listing-based signals less definitive; the missing median sold price may be unavailable because the sampled dataset contains very few completed sales during the reporting window.

2. median listing price $444,450 remains the clearest price signal available from listings, but with a documented down price year-over-year trend the gap between asking and actual transaction prices may be widening, so sellers should expect greater pricing friction and buyers may find room to negotiate.

3. median days on market 113 suggests slower sales velocity and reduced liquidity in the current period; this longer time on market combined with elevated inventory relative to sales activity appears to be increasing negotiating leverage for buyers and contributing to a cooler local market, while market temperature is reported as neutral.

4. interest rate pressure elevated is materially affecting affordability: Current 30-year fixed mortgage rates in Austin TX are 6.29% compared to 5.99% when typical loans in this area originated in January 2026, and with rent year-over-year trend down and median market rent $1,998 softening, both purchase and rental demand dynamics point to a cautious near-term outlook for price appreciation.

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Notable Properties

The following 2 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.