Austin, TX 78747 Real Estate Market Report

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

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Executive Overview

The median sold price in Austin, TX (78747) stands at $417,000, reflecting a market that has decreased 8% since 2022. This decline indicates a shift in buyer sentiment and market dynamics, as the area stabilizes after a significant price reset. The current market conditions are characterized by elevated inventory levels and slower sales velocity, suggesting a buyer's market where negotiation power may favor buyers.

Despite the overall downward trend in prices, the elevated median listing price of $362,500 compared to the median sold price suggests some pricing friction, as sellers may still hold expectations that do not align with current buyer sentiment. The median days on market has extended to 272 days, indicating a slower transaction volume and a market that may require adjustments in pricing strategies to stimulate sales activity.

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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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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Austin TX 78747 area average around 5.75% compared to the early 2026 average of 6.33% for property owners.

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. $417,000 is the current median sold price, indicating a market that has decreased 8% since 2022.

2. The median listing price of $362,500 suggests pricing friction as it exceeds the median sold price.

3. With a median days on market of 272 days, the market shows signs of slower sales velocity and extended timeframes for transactions.

4. Market temperature is neutral, reflecting balanced conditions between buyers and sellers despite elevated inventory levels.

5. The median market rent is $2,790, which has also seen a down trend year-over-year, indicating potential softness in rental demand.

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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.