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

As of February 2026, the real estate market in Austin, TX (ZIP: 78747) is characterized by a median sold price of $417,000, reflecting a significant shift in market dynamics. The neighborhood has decreased 8% since 2022, indicating a cooling trend in property values. This decline in sold prices, coupled with elevated inventory levels, suggests that buyers are gaining more leverage in negotiations, as properties are taking longer to sell, with a median days on market of 264 days.

The market temperature remains neutral, suggesting a balance between supply and demand, albeit with a notable increase in days on market. The median listing price stands at $365,000, which highlights a pricing gap that may indicate seller expectations are not fully aligned with current market realities. Overall, the market is experiencing a normalization phase, with reduced bidding wars and a softening rental market, as evidenced by a median market rent of $2,790.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Austin TX 78747 around 5.97% are slightly below the national 2026 average of 6.17%, indicating property owners locked in a relatively favorable rate.

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 has decreased 8% since 2022, indicating a softening market.

2. Properties are experiencing a median days on market of 264, suggesting slower sales velocity and extended listing periods.

3. The median listing price of $365,000 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. With a median market rent of $2,790, the rental market is also showing signs of softening, aligning with broader housing demand adjustments.

5. Current interest rate pressure is deemed moderate, which may impact buyer affordability and overall market activity.

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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.