Austin, TX 78748 Real Estate Market Report

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

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

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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary indicator of market value and recent transaction activity is the median sold price, which is 362,500, and this level suggests a market that is stabilizing with realized prices below current asking levels in some cases representative recent sale.
2. There is a notable gap between the median listing price (431,500) and the median sold price, which may indicate pricing friction or seller expectations above transaction reality and appears to be contributing to neutral to slightly softer price dynamics.
3. Liquidity appears slower with a median days on market of 95, which suggests longer marketing times and reduced sales velocity despite a down price year-over-year trend.
4. Local income and valuation context show a median market rent of 1,850 and a median price per square foot of 244, while elevated interest rate pressure (current mortgage rate ~6.44% versus 6.19% earlier in 2026) may further weigh on demand and supports the observed down rent and price trends.

Notable Properties

The following 4 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.