Austin, TX Real Estate Market

Sellers in 78701 should plan for a prolonged selling timeline given the median days on market of 199 and the broader cold market conditions across the zip code. Precise pricing strategy remains essential, as the $1,175,000 median sale price demonstrates that well-positioned properties can still achieve strong outcomes.

With 323 active listings and a median of 199 days on market, buyers in 78701 hold meaningful negotiating leverage and have time to evaluate options carefully. The 30-year mortgage rate of 6.37 percent adds significant financing costs against a $1,175,000 median sale price, making thorough payment modeling a critical step before committing.

Investors considering 78701 should stress test cash flow carefully, as the $1,175,000 median sale price paired with a $2,850 median rent creates a challenging return profile at current levels. Studios and one-bedrooms offer more accessible entry points at $449,000 and $520,000, with rents of $1,980 and $2,395 respectively, though returns still require close scrutiny.

The 30-year fixed rate of 6.37 percent and the 15-year fixed rate of 5.72 percent represent a substantial cost of capital in a market where the median sale price is $1,175,000. Buyers who can absorb the higher monthly payments of a 15-year loan at 5.72 percent will pay considerably less interest over the life of the loan.