Austin, TX 78738 Real Estate Market Report

ZIP Code: 78738
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Austin, TX (ZIP: 78738) reflects a stabilization phase following a period of rapid growth. The median sold price stands at $925,000, indicating a slight softening in market values. The neighborhood has decreased 8% since 2022, which underscores the ongoing adjustment in pricing dynamics. This decline suggests a shift towards a more balanced market, where buyer expectations are aligning more closely with actual transaction values.

Transaction activity appears moderate, characterized by elevated inventory levels relative to sales. The median days on market is notably high at 259 days, indicating a slower sales velocity. This extended time frame may suggest that properties are facing pricing friction, as sellers adjust to the current market conditions. Overall, the market temperature remains neutral, reflecting a balance between supply and demand, albeit with some caution as inventory levels remain elevated.

---

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

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.

---

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

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 Austin, TX 78738 are approximately 6.38% compared to an average of 6.12% in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $925,000 indicates a downward trend in property values, reflecting a market correction.

2. With 259 days on market, properties are experiencing slower sales velocity, suggesting potential pricing adjustments needed by sellers.

3. The median market rent of $3,020 shows a cooling rental market, which may impact overall investment attractiveness.

4. Current mortgage rates are approximately 6.38%, which is slightly above the early 2026 average of 6.12%, indicating moderate interest rate pressure on buyers.

5. The market temperature is neutral, suggesting a balanced condition between buyer demand and available inventory.

---

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.