Austin, TX 78729 Real Estate Market Report

ZIP Code: 78729
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

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 78729 market average 6.3%, reflecting a stable environment for property owners compared to the broader 2026 rate trends.

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 neighborhood's median sold price is not available in the provided data, so transaction‑based market value cannot be stated directly; instead rely on the median listing price $474,900 as the closest market anchor while noting the analyzed sample shows elevated inventory relative to sales, which may indicate downward pressure on realized sale prices.

2. Pricing snapshot: the median listing price $474,900 and the median price per square foot $239 align with a market where the price year‑over‑year trend is down, suggesting sellers may need to adjust expectations to match recent transaction outcomes.

3. Market liquidity and velocity: the median days on market 91 points to slower sales velocity than a fast‑moving market and, combined with the sample's characterization of elevated inventory, appears to create pricing friction that may extend time-to-contract for typical SFR and condo listings.

4. Rent and financing context: the median market rent $1,650 accompanies a rent year‑over‑year trend that is down, while interest rate pressure is described as moderate and current 30‑year fixed mortgage rates average 6.3%, which together may moderate buyer affordability and slow investor yield chasing in the near term.

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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.

Austin, TX 78729 Real Estate Market Report

ZIP Code: 78729
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

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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 in the Austin 78729 market average 6.3%, reflecting a stable environment for property owners compared to the broader 2026 rate trends.

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 neighborhood's primary market indicator is the median sold price, but the median sold price is not available in the provided metrics, so recent transaction-level valuation cannot be precisely stated; absence of that value limits definitive statements about realized price movement.

2. The median listing price is 295,000, which, when viewed alongside a relatively long median days on market of 105, suggests slower sales velocity and increased seller pricing realism that may indicate more negotiation room for buyers.

3. Broader pricing signals show a year-over-year price trend of down while the market temperature is neutral, pointing to a stabilizing market where pricing pressure has eased but conditions remain balanced rather than strongly one-sided.

4. Rental and financing context: the median market rent is 1,850 and rent trends are down, while interest rate pressure is moderate; note that Current 30-year fixed mortgage rates in the Austin 78729 market average 6.3%, reflecting a stable environment for property owners compared to broader 2026 rate trends.

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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.