Austin, TX 78759 Real Estate Market Report

ZIP Code: 78759
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the median sold price in Austin, TX (ZIP: 78759) stands at $735,500, reflecting a down trend in pricing. This indicates a shift in market dynamics, with the neighborhood experiencing a decrease of 8% since 2022. The market is currently characterized by elevated inventory levels, suggesting a more balanced environment where buyers have increased negotiation power. The median days on market is notably high at 229 days, indicating slower sales velocity and potential pricing friction for sellers.

The overall market temperature is neutral, suggesting that while there is some stabilization in prices, the recent corrections have led to a more cautious approach among buyers. With the median listing price at $632,500, there exists a notable gap between listing and sold prices, which may indicate seller expectations are not fully aligned with current market realities. Rental rates have also seen a down trend, with the median market rent at $2,660, further emphasizing the impact of oversupply in the rental 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

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 the Austin TX 78759 area average around 5.94% compared to a 2026 average of 6.14%, presenting a slight cost opportunity 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 is $735,500, which has decreased by 8% since 2022, indicating a softening market.

2. With a median days on market of 229 days, the market is experiencing slower sales velocity, suggesting potential pricing friction for sellers.

3. The median listing price of $632,500 shows a significant gap compared to sold prices, indicating a potential misalignment between seller expectations and market demand.

4. Rental rates are also down, with a median market rent of $2,660, reflecting oversupply in the rental market.

5. The market temperature is currently neutral, suggesting a balanced environment where buyers have increased negotiation power.

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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.