78701 Housing Market: Stats & Trends

How does the housing market look in 78701? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.

Median Sale Price

$949,000

20%

New Listings

43

54%

Number of Homes Sold

8

0%

Median Days on Market

115

64%

Market Overview

In the last 30 days, homes for sale in 78701, Austin, TX sold for a median price of $949,000, up 20.1% compared to the same period last year. The median price per square foot was $666.90, down 5.7% year-over-year. There were 8 homes sold, same as last year.

What does this mean?

The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.

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Housing Supply

Yesterday, the total number of homes for sale in 78701, Austin, TX was 243, up 25.3% compared to last year. In the last 30 days, 43 new homes were listed for sale, up 53.6% year-over-year. The median days on market was 115, up from 70 days last year. The months of supply was 29.63, up from 22.25 months last year.

What does this mean?

The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.

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Housing Demand

In the last 30 days, homes in 78701, Austin, TX had a median sale-to-list-price ratio of 91.08%, down 8 pt compared to the same period last year. 0% of homes sold above list price, down 12.5 pt year-over-year. 50% of homes listed dropped in price, up 25 pt from last year.

What does this mean?

Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.