Austin, TX 78724 Real Estate Market Report

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

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Executive Overview

As of February 2026, the median sold price in Austin, TX (ZIP: 78724) stands at $365,063, reflecting a market that has normalized after a period of rapid growth. This adjustment is evident as the neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. The current median listing price is $410,000, suggesting a notable gap between seller expectations and actual transaction values, which may create pricing friction for sellers in the current environment.

Market activity appears to be characterized by elevated inventory levels, with a significant number of properties available compared to those sold. The median days on market is 271, indicating a slower sales velocity and suggesting that buyers may have increased leverage in negotiations. Additionally, the market temperature is currently neutral, reflecting a balance between supply and demand, although the overall trend shows signs of softening with both prices and rental rates trending down.

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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

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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 the Austin TX 78724 area average around 5.75% to 6.01%, which is slightly higher than recent lows seen in early February 2026 around 5.63%.

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. The median sold price of $365,063 indicates a market that has decreased by 8% since 2022, reflecting a shift in buyer sentiment and market conditions.

2. With a median listing price of $410,000, there is a notable gap between asking prices and actual sales, suggesting potential pricing friction for sellers.

3. The median days on market of 271 points to a slower sales velocity, indicating that properties are taking longer to sell in the current market environment.

4. The market temperature is currently neutral, suggesting a balance between supply and demand, although elevated inventory levels may provide buyers with increased leverage.

5. Both the median market rent of $2,088 and the overall rent trend are down, indicating a softening rental market that may impact investor sentiment.

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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.