Austin, TX 78724 Real Estate Market Report

ZIP Code: 78724
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Austin, TX (78724) is $369,705, reflecting a stable market environment with no significant price fluctuations recently. The neighborhood has seen a flat price trend, indicating that sellers are adjusting their expectations to align with current buyer sentiment. With homes taking a median of 230 days on market, this suggests a slower sales velocity, providing buyers with more leverage in negotiations as the market transitions towards balance.

Inventory levels are elevated relative to sales activity, which may indicate a shift towards a more favorable environment for buyers. The current median listing price stands at $376,900, which is slightly above the median sold price, hinting at potential pricing friction as sellers may need to adjust their expectations to facilitate sales in this evolving landscape.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 78724 are averaging 6.38%, which is 0.28% higher than the 6.10% average seen in early 2026.

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

---

Key Findings

1. $369,705 is the median sold price, indicating stable market conditions with no significant price changes recently.

2. The median days on market is 230, suggesting slower sales velocity and increased buyer leverage in negotiations.

3. With a median listing price of $376,900, there is a slight pricing friction as sellers may need to adjust expectations to align with buyer sentiment.

4. Market temperature is neutral, reflecting a balanced environment where neither buyers nor sellers have a distinct advantage.

5. The median market rent is $2,088, which has shown a down trend year-over-year, indicating potential shifts in rental demand.

---

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.