Austin, TX 78748 Real Estate Market Report

ZIP Code: 78748
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: 78748) reflects a median sold price of $449,000, indicating a stable yet slightly pressured pricing environment. The neighborhood has decreased 8% since 2022, suggesting a cooling trend in market activity. The median listing price stands at $425,000, which, while close, reveals a notable gap between asking and selling prices, indicating potential pricing friction as sellers adjust expectations to align with current buyer sentiment.

Market conditions are characterized by elevated inventory levels and a median days on market of 250, suggesting slower sales velocity and a more cautious approach from buyers. Although there are signs of a gradual pick-up in buyer activity, the overall market temperature remains neutral, reflecting a balance between supply and demand. Rental demand is also softening, with a median market rent of $2,230, which may further influence buyer behavior as they weigh their options in a fluctuating market.

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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

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.

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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 $449,000 indicates a decreasing trend in property values, down 8% since 2022.

2. With a median days on market of 250, the market is experiencing slower sales velocity, suggesting buyers are taking more time to make decisions.

3. The median listing price of $425,000 reflects a significant gap compared to sold prices, indicating potential pricing friction in negotiations.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may pressure sellers to adjust their pricing strategies.

5. The median market rent of $2,230 is also down, indicating a softening rental demand that could impact 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.