Austin, TX 78721 Real Estate Market Report

ZIP Code: 78721
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

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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 for properties in Austin TX 78721 are 6.46% compared to the 6.16% average seen earlier in 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. 462,500 is the primary indicator of market value — the neighborhood's median sold price shows where recent transaction activity is settling and should be treated as the representative recent sale benchmark for valuation and comparables analysis.

2. median days on market: 207 coupled with elevated inventory relative to sales activity suggests slower sales velocity and increased negotiating leverage for buyers in this market.

3. price year-over-year trend: down signals ongoing softening in sale prices; combined with down rent trends, this points to broad cooling pressure on both for-sale and rental segments.

4. median listing price: 445,000 versus the median sold price indicates a pricing gap that may reflect seller pricing strategies or selective transaction outcomes, while market temperature: neutral and interest rate pressure: moderate imply caution for near-term pricing recovery.

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Notable Properties

The following 7 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 78721 Real Estate Market Report

ZIP Code: 78721
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

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 for properties in Austin TX 78721 are 6.46% compared to the 6.16% average seen earlier in 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 unavailable in the provided metrics, which limits direct transaction-based valuation; the absence likely reflects the small sample of recent closed sales in the dataset and means analysts should rely on listed-price signals and the provided sample insights for near-term valuation guidance.

2. median listing price is $495,000, which, together with a down price year-over-year trend, suggests seller expectations may be ahead of recent transaction evidence and softening pricing pressure may persist.

3. median days on market is 170, indicating slower sales velocity and significant pricing friction relative to a typical quick-turn market; combined with elevated inventory relative to sales activity, this suggests liquidity is muted and sellers may need to price more competitively to achieve timely closings.

4. median price per square foot is $389 and median market rent is $2,800; with rent year-over-year trending down and interest rate pressure at a moderate level, both sales and rental demand appear softening—buyers and investors should expect extended marketing periods and consider deal structuring aligned with slower velocity.

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Notable Properties

The following 1 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.