Austin, TX 78746 Real Estate Market Report

ZIP Code: 78746
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The Austin, TX (ZIP: 78746) market is currently characterized by a median sold price of $2,245,000, reflecting a nuanced landscape where the neighborhood has decreased 8% since 2022. This decline in sold prices indicates a shift in market dynamics, likely influenced by elevated inventory levels and fluctuating buyer sentiment. The median listing price stands at $2,950,000, suggesting a significant gap between seller expectations and market realities, which may contribute to slower transaction velocity in the area.

With 280 days on market, properties are experiencing prolonged listing periods, indicative of a more cautious buyer base amid elevated interest rate pressure. The market temperature is currently classified as neutral, suggesting a balance between supply and demand, albeit with signs of excess supply relative to sales activity. This environment may require sellers to adjust their pricing strategies to align more closely with current market conditions.

---

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

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.

---

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 market average 6.54%, which is slightly higher than the average 6.25% seen earlier in 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 $2,245,000 indicates a decrease in market value, reflecting a shift in buyer sentiment.

2. Properties are spending an average of 280 days on market, signaling slower sales velocity and potential pricing friction.

3. The median listing price of $2,950,000 shows a significant gap compared to sold prices, which may lead to pricing adjustments</Highlight by sellers.

4. Elevated interest rate pressure continues to impact buyer affordability, contributing to a softening market environment.

5. The market temperature remains neutral, indicating balanced conditions but with signs of excess supply relative to sales activity.

---

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.