๐Ÿ“Š Updated weekly with real market data ยท Last updated: March 12, 2026 ยท Powered by FarmPosts
Market Report

Austin, TX Real Estate Market

4-week rolling average ยท Data through March 12, 2026 ยท ZIP 78703

$2.10M
Median Sale Price
$1.43M
Median List Price
46
Days on Market
Median Rent
$2K/mo
Median rental listing price
Rental Inventory
198
Active rental listings
๐Ÿ’ก
Key Market Insight

In zip code 78703, the median sale price of $2,100,000 sits notably above the median list price of $1,425,000, suggesting that higher-value transactions are closing well above typical asking prices. With 238 active listings and a median days on market of 46, the market reflects moderate inventory and a measured but competitive pace. At $724.04 per square foot, this Austin neighborhood commands premium pricing consistent with one of the city's most desirable urban areas.

๐Ÿฆ
30-Year Fixed Rate
6.4%

Market Activity

Active Inventory238
Price per Sq Ft$724

By Bedroom

BedsSale PriceRent
1BR$380K$2K/mo
2BR$810K$3K/mo
3BR$1.45M$5K/mo
4BR$2.50M$6K/mo
5BR$3.35M$8K/mo
6BR$2.90M$8K/mo
7BR$6.50Mโ€”
8BR$1.70Mโ€”
Market Temperature
Buyer's MarketBalancedSeller's Market
๐ŸŒก๏ธ Warm โ€” Slight Seller Advantage

What This Means For You

๐Ÿ Sellers

Sellers in 78703 are seeing strong outcomes, with the median sale price reaching $2,100,000 against a median list price of $1,425,000, indicating significant upward movement at closing. With a median of 46 days on market, thoughtful pricing and strong presentation remain essential to attracting qualified buyers in a timely manner.

๐Ÿ”‘Buyers

Buyers in 78703 should be prepared for final sale prices that run well above list prices, as the median sale price of $2,100,000 significantly exceeds the median list price of $1,425,000. With 238 active listings currently available, there is meaningful inventory to explore, though budget flexibility will be critical given the premium nature of this market.

๐Ÿ“ˆInvestors

With a median sale price of $2,100,000 and a median rent of $2,295, gross rental yields on typical properties in 78703 will be quite thin, making cash flow a challenge for most acquisitions. Investors targeting larger units may find more income potential, as 3-bedroom rentals command $4,750 per month and 4-bedroom units reach $5,800 per month according to current rental data.

๐ŸฆRates

The current 30-year fixed mortgage rate of 6.37% and 15-year rate of 5.72% represent a substantial financing cost when applied to the median sale price of $2,100,000 in this zip code. Buyers who can manage the higher monthly payments of a 15-year loan at 5.72% would reduce their overall interest burden considerably compared to the 30-year option.

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Data sources: Rentcast ยท Zillow ยท Federal Reserve (FRED)

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