Austin, TX 78731 Real Estate Market Report

ZIP Code: 78731
Report Date: March 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Austin, TX (ZIP: 78731) is $1,242,000, reflecting a stabilizing market after previous price declines. This indicates a modest appreciation month-over-month, suggesting that the neighborhood has increased up since 2023. Despite this positive trend in sold prices, the market is characterized by elevated inventory levels, which may indicate a slower sales velocity and excess supply relative to transaction activity. The median days on market stands at 263 days, further illustrating the current market dynamics where properties are taking longer to sell, contributing to a cold market temperature overall.

The rental market is experiencing a downturn, with the median market rent at $2,440, which has seen a down trend year-over-year. This softening in rental prices may be attributed to an influx of new supply, leading to a more competitive rental environment. Additionally, elevated interest rates, currently around 6.54% for 30-year fixed mortgages, continue to exert pressure on both buyers and sellers, impacting overall market liquidity and buyer sentiment.

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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

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Austin market are around 6.54% compared to recent averages closer to 5.99% seen earlier in 2026.

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 is $1,242,000, indicating a positive trend in market value.

2. Median days on market is 263 days, suggesting slower sales velocity and elevated inventory levels.

3. The median market rent is $2,440, reflecting a down trend year-over-year due to increased supply.

4. Current interest rates are around 6.54%, contributing to elevated interest rate pressure on the market.

5. Overall market temperature is cold, indicating a challenging environment for sellers.

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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.