Austin, TX 78729 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

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.

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. median sold price is unavailable in the provided metrics, which limits direct confirmation of recent transaction values; this likely reflects a very small or non-reportable sold-sample in the dataset rather than absence of market activity.
2. median listing price: $482,000 and median price per square foot: $238 coexist with a price year-over-year trend of down, indicating asking prices are under downward pressure and that sellers may need to adjust expectations to transact.
3. median days on market: 119 combined with elevated inventory relative to sales activity suggests slower sales velocity and increased pricing friction, while the market temperature is neutral, implying a balanced but softening market rather than a clear seller advantage.
4. median market rent: $1,700 and a rent year-over-year trend of down occur alongside interest rate pressure described as elevated (elevated) and higher current mortgage rates (6.77% vs 5.99%), which may further constrain buyer purchasing power and prolong time-to-sale.

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.