Austin, TX 78747 Real Estate Market Report

ZIP Code: 78747
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Austin, TX (ZIP: 78747) is characterized by a median sold price of $399,999.50, reflecting a market that has seen a down trend in pricing. This indicates a shift towards a more favorable environment for buyers, as the market adjusts to current economic conditions. The neighborhood has decreased 8% since 2022, highlighting the impact of elevated inventory levels and moderate interest rate pressure on overall market dynamics.

The market is currently experiencing slower sales velocity, with a median days on market of 282. This extended duration suggests that properties are taking longer to sell, which may indicate a need for sellers to adjust their expectations in line with current market realities. With elevated inventory levels relative to sales activity, the market appears to be stabilizing, albeit with continued pressure on pricing and transaction volume.

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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.

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Key Findings

1. The median sold price of $399,999.50 indicates a market adjusting to buyer preferences amid elevated inventory levels.

2. With a median days on market of 282, properties are experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price stands at $369,900, reflecting a notable gap compared to the sold price, which may indicate seller expectations are misaligned with market realities.

4. The market temperature is currently neutral, suggesting a balanced environment where buyer and seller conditions are relatively stable.

5. Both the median market rent of $2,790 and the rent year-over-year trend being down indicate a cooling rental market, which may influence buyer sentiment.

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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.