Austin, TX 78731 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

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 not available in the provided dataset, so recent transaction-level market value cannot be confirmed from sales records; without a reported median sold price, transaction-based valuation must be treated as uncertain.
2. median listing price is $1,200,000 and with the price year-over-year trend reported as down, current asking prices appear to be adjusting downward; however, the absence of a median sold price means the magnitude of any listing-to-sale gap cannot be determined.
3. median days on market is 72, which, combined with elevated inventory relative to sales activity in the analyzed sample, suggests slower sales velocity and pricing friction that may indicate buyers have more negotiation leverage than during faster markets; market temperature is reported as neutral, so conditions are balancing rather than strongly one-sided.
4. interest rate pressure is elevated and local financing conditions are described as: Current 30-year fixed mortgage rates in the 78731 area are averaging approximately 6.4% to 6.8%, reflecting a stable market environment compared to earlier 2026 levels; simultaneously, median market rent is $1,500 and rent year-over-year trend is down, which underscores softening rental demand or increased rental supply in the near term.

Notable Properties

The following 1 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.