Austin, TX 78723 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. The neighborhood's primary price signal, the median sold price, is unavailable in the dataset, which may indicate limited recent closed transactions or a reporting lag in sales data rather than a definitive price movement.
2. Current asking-level context shows a median listing price of $524,450, while observed transaction data is sparse; this pricing vs. limited sales sample suggests pricing friction and that sellers may need to align expectations with realized sale prices.
3. Market velocity is slow: the median days on market of 112 points to slower sales turnover and, when combined with elevated inventory relative to sales activity, appears to weaken near-term liquidity and bargaining leverage for sellers.
4. Macro and demand context is mixed: the price year-over-year trend is down and the rent year-over-year trend is down, while the area’s market temperature is neutral and interest rate pressure is elevated; additionally, Current 30-year fixed mortgage rates in Austin, TX, are averaging approximately 6.76%, which may continue to constrain affordability and transaction activity.

Notable Properties

The following 5 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.