Austin, TX 78738 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

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.

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 primary market value indicator is the median sold price of 1,789,415, which reflects recent transaction activity and should be treated as the most reliable signal of local market value for SFR and condominium properties in ZIP 78738. representative recent sale
2. There is a meaningful divergence between the median listing price of 998,500 and the median sold price of 1,789,415, which may indicate pricing friction or that sellers’ asking strategies differ from transaction prices rather than implying a uniform market shift; monitor further closings to confirm direction. flat pricing environment
3. Market velocity shows slower sales: the median days on market is 93, which suggests reduced liquidity and slower transaction turnover even as broader indicators show a neutral market temperature; this slower velocity may lengthen negotiation timelines. slower sales velocity
4. Macro and demand context is mixed—price year-over-year trend is flat while rent year-over-year trend is down, and interest rate pressure is elevated with current 30-year fixed mortgage rates averaging approximately 6.5% as of July 2026; together these signals suggest a balanced but cautious market where higher financing costs may constrain affordability and keep inventory elevated relative to sales activity. elevated interest rate pressure

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.