Austin, TX 78757 Real Estate Market Report

ZIP Code: 78757
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 Austin, TX (ZIP: 78757) housing market is characterized by a median sold price of $697,000, reflecting a significant adjustment in home values. This represents a notable decline in pricing momentum, as the market is currently experiencing a downward trend. The local economy remains robust, yet buyer urgency appears historically low, indicating a potential shift towards a more sustainable market structure.

Transaction activity shows 250 days on market, suggesting slower sales velocity and elevated inventory levels, which may indicate excess supply relative to sales activity. The median listing price stands at $749,000, creating a notable gap between asking and sold prices, further emphasizing the need for sellers to adjust expectations in this cooling market. Overall, the market temperature is currently assessed as neutral, reflecting a balance between supply and demand despite the pressures on pricing.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Austin TX 78757 area around 5.89% are notably lower than the 6.69% average rate seen earlier in 2026, presenting a cost-saving opportunity for recent refinancers.

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 $697,000 indicates a significant adjustment in home values, with a notable gap from the median listing price of $749,000 suggesting potential pricing friction.

2. With 250 days on market, the market is experiencing slower sales velocity, indicating a shift towards a more cautious buyer sentiment.

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

4. The median market rent of $2,088 remains stable, but the rent year-over-year trend is down, indicating potential challenges in rental demand.

5. Current mortgage rates around 5.89% present a cost-saving opportunity for refinancers, potentially easing some pressure on buyers amid moderate interest rate pressure.

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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.