Austin, TX 78745 Real Estate Market Report

ZIP Code: 78745
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Austin, TX (ZIP: 78745) is characterized by a median sold price of $486,500, reflecting a stable yet cautious market environment. The neighborhood has decreased 8% since 2022, indicating a softening trend in property values. With median days on market reaching 231, this suggests a slower sales velocity, as properties are taking longer to sell compared to previous periods.

Current market conditions reveal elevated inventory levels, with a significant number of active listings relative to sales activity. This excess supply may indicate that buyers have increased bargaining power, allowing them to negotiate better terms. Although the median listing price stands at $475,000, the gap between listing and sold prices highlights potential pricing friction, as sellers may need to adjust expectations to align with market realities. Overall, the market temperature is deemed neutral, reflecting a balance between supply and demand dynamics.

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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 78745 area average around 5.64% APR, which is 0.84% lower than the 6.48% average rate seen one year ago in February 2025, presenting a significant 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 $486,500 indicates a stable market, yet reflects a decrease of 8% since 2022.

2. With median days on market at 231, this suggests a slower sales velocity in the current market.

3. Elevated inventory levels suggest excess supply relative to sales activity, giving buyers more negotiating power.

4. The median listing price of $475,000 shows a notable gap from the sold price, indicating potential pricing friction in negotiations.

5. The market temperature remains neutral, suggesting a balanced environment between buyers and 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.