Austin, TX Real Estate Market

With 238 active listings and a median of 46 days on market, sellers should be prepared for a patient sales cycle rather than immediate offers. Pricing strategically near the $724.04 per square foot benchmark will be important for staying competitive in a warm but not overheated environment.

Buyers in 78703 are looking at a median asking price of $2,100,000 for single-family homes, though options exist across a wide range, from $379,900 for 1-bedroom listings up to $6,500,000 for 7-bedroom properties. With 46 median days on market, buyers have some breathing room to conduct due diligence without extreme urgency.

The rental market in 78703 shows 198 rental listings available, with a median rent of $2,295. Larger units command significantly higher rents, with 4-bedroom rentals asking $5,800 and 5-bedroom rentals asking $7,500 per month, which may appeal to investors targeting the upper end of the rental demand spectrum.

The current 30-year fixed mortgage rate of 6.37% meaningfully affects purchasing power on high-priced listings like those in 78703, where the median asking price is $2,100,000. Buyers who qualify for a 15-year mortgage at 5.72% can reduce their interest costs substantially, though the higher monthly payments require strong income to support at this price point.