Market Snapshot
- Median listing price
- $389K
- Median rent
- $1,950/mo
- Days on market
- 199 days
- Gross rental yield
- 6.02%
- STR vs LTR
- $1,523/mo STR · $1,950/mo LTR
The median listing price in Austin, TX ZIP 78724 is $389,000 as of June 2026.
The median market rent in Austin, TX ZIP 78724 is $1,950/month as of June 2026.
The median days on market in Austin, TX ZIP 78724 is 199 days as of June 2026. The market is currently neutral.
At a median list price of $389,000 and a median rent of $1,950/month, the gross rental yield in Austin, TX ZIP 78724 is 6.02% as of June 2026.
In Austin, TX ZIP 78724, median Airbnb revenue is $1,523/month compared to median long-term rent of $1,950/month as of June 2026.
Austin, TX 78724 Real Estate Market Report
ZIP Code: 78724
Report Date: June 2026
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.
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
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.
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.
Key Findings
- median sold price is unavailable for this sample, likely due to a limited recent sold-sample in the analyzed dataset which prevents a reliable transaction-based market-value readout; this absence means listing-based signals must be treated cautiously and transaction-level pricing should be prioritized when it becomes available. unavailable
- median listing price is 389,000, while median days on market is 199, which together suggest pricing friction and slower sales velocity rather than rapid turnover; sellers should expect longer listing periods and buyers may have time to negotiate. long selling times
- The sample shows down price year-over-year trend and a neutral market temperature, indicating a softening in realized prices but an overall market balance rather than an aggressive seller or buyer environment; this combination may favor buyers who can wait for motivated sellers. neutral
- median market rent is 1,950 and the rent year-over-year trend is down amid elevated interest rate pressure, signaling constrained affordability for buyers and some softening in rental growth—investors should underwrite with conservative rent assumptions and account for higher financing costs. elevated
Notable Properties
The following 4 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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 1.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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