Austin, TX Real Estate Market

With 584 active listings and a median of 42 days on market, sellers are operating in a warm but not frenzied environment, meaning realistic pricing relative to the $645.30 per square foot median will be key to attracting serious buyers. A competition score of 63 indicates moderate buyer interest, so well-positioned listings at or near market norms have a reasonable chance of moving within a typical timeframe.

Buyers in 78704 are looking at a median asking price of $1,300,000 for single-family homes, with 584 active listings currently available, giving shoppers a reasonable selection to evaluate. The 42-day median days on market means there is some breathing room to conduct due diligence, though the warm market temperature suggests staying prepared and informed.

The median asking rent of $2,000 per month sits alongside a rental inventory of 670 units, pointing to a competitive rental landscape that could pressure achievable rents in the near term. Investors targeting smaller units may find the most accessible entry points, as studio asking prices start at $315,000 and one-bedroom asking prices come in at $387,000, while the corresponding rents of $1,036 and $1,450 per month respectively should be carefully weighed against financing costs.

The current 30-year fixed mortgage rate of 6.37 percent and 15-year fixed rate of 5.72 percent meaningfully affect monthly carrying costs on a median asking price of $1,300,000. Buyers who qualify for the shorter 15-year term could save significantly on interest over the life of the loan, though the higher monthly payment requires strong income qualification.