Austin, TX 78748 Real Estate Market Report

ZIP Code: 78748
Report Date: February 2026
Market Temperature: COLD
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: 78748) is experiencing notable shifts, with the median sold price recorded at $452,500. This represents a down trend in pricing, reflecting broader market adjustments. The market has decreased 8% since 2022, indicating a cooling phase following a period of rapid growth. The elevated inventory levels suggest that buyers now have increased leverage, as the market adjusts to a moderating economy and a substantial construction pipeline.

Transaction activity appears to be moderate, with 235 median days on market, indicating slower sales velocity. The current market temperature is categorized as cold, which may indicate a cautious approach from buyers and sellers alike. The median listing price stands at $430,000, creating a pricing gap that may reflect seller expectations versus actual market realities. Overall, the market is characterized by excess supply relative to sales activity, suggesting a need for sellers to remain flexible in their pricing strategies.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels 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 78748 area are averaging around 6.10% compared to 6.87% one year ago, presenting a lower cost environment for new financing.

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 of $452,500 reflects a down trend in pricing, indicating potential buyer leverage in negotiations.

2. With 235 median days on market, the market is experiencing slower sales velocity, suggesting a cautious buyer sentiment.

3. The median listing price of $430,000 shows a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. The market temperature is classified as cold, suggesting a shift towards a more balanced approach in buyer-seller dynamics.

5. Elevated inventory levels indicate excess supply relative to sales activity, which may lead to increased competition among sellers.

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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.