Austin, TX 78741 Real Estate Market Report

ZIP Code: 78741
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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.

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Key Findings

1. The primary indicator of recent transactions is the median sold price 399,000, which reflects realized market value and aligns with the down year‑over‑year price trend.

2. The median listing price 349,500 sits below the median sold price 399,000, suggesting a meaningful spread between asking and recent transaction prices that may indicate pricing friction or selective seller expectations.

3. Market liquidity appears muted with a median days on market of 252, which points to slower sales velocity and elevated inventory relative to sales activity that may indicate longer negotiation timelines.

4. Rental dynamics show a median market rent of 1,219 while rent year‑over‑year trend is down, signaling softer rental pricing concurrently with elevated interest rate pressure (elevated), which could further dampen investor appetite.

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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.

Austin, TX 78741 Real Estate Market Report

ZIP Code: 78741
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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.

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Key Findings

1. median sold price is not provided in the supplied metrics, so a definitive transaction-based market value cannot be stated; the sample dataset does indicate elevated inventory relative to sales, which may constrain near-term sold-price discovery and suggests relying on recent closed transactions when they become available.

2. median listing price is 199,995, while broader price indicators show prices year-over-year are down; this combination suggests current asking prices may still be adjusting to softer transaction-level pricing.

3. median days on market is 231, pointing to materially slower sales velocity and pricing friction in the market; longer time on market may indicate buyers have more leverage and that sellers may need to adjust expectations or concessions to achieve a sale.

4. median market rent is 1,350 and rent year-over-year trend is down, while interest rate pressure is elevated; together these signals suggest reduced rent growth tailwinds and ongoing financing headwinds that could further moderate buyer demand and price appreciation.

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Notable Properties

The following 3 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.