Austin, TX 78741 Real Estate Market Report

ZIP Code: 78741
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Austin, TX (ZIP: 78741) is characterized by a median sold price of $409,328.50, reflecting a modest year-over-year price increase. This suggests a recovery trend, although prices remain significantly below the peak levels observed in 2022. The market appears to be stabilizing, with a median days on market of 208, indicating slower sales velocity and longer transaction times, which may suggest a shift in buyer sentiment and market dynamics.

Inventory conditions show elevated levels, with a notable gap between the median listing price of $375,000 and the median sold price. This pricing friction may indicate seller expectations that are not fully aligned with current market realities. Overall, the market temperature is assessed as neutral, reflecting balanced conditions despite the increased inventory levels and moderate interest rate pressure, which may affect buyer activity moving forward.

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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 TX 78741 area average around 6.11% compared to 6.65% a year ago, presenting a cost opportunity for refinancing.

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 of $409,328.50 indicates a modest recovery in the market, suggesting potential for future price stability.

2. With a median days on market of 208, the market is experiencing slower sales velocity, which may impact buyer engagement and confidence.

3. The median listing price of $375,000 shows a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Rental rates are under pressure, with a median market rent of $2,416, reflecting a down trend in rental prices due to high supply.

5. Current mortgage rates at 6.11% compared to 6.65% last year present a cost opportunity for refinancing, which may stimulate buyer interest.

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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.