Austin, TX Real Estate Market

Sellers in 78704 are benefiting from a market where the median sale price of $1,300,000 far exceeds the median list price of $829,900, indicating buyers are willing to pay well above asking. A median of 42 days on market suggests that thoughtful pricing strategy can still attract competitive interest and strong closing outcomes.

Buyers entering 78704 should be prepared for final sale prices that significantly exceed list prices, given the gap between the median list price of $829,900 and the median sale price of $1,300,000. With 584 active listings in the market, there is inventory to explore, though solid pre-approval and budget flexibility are essential at these price levels.

The 2-bedroom segment offers a more accessible entry point with a median sale price of $599,000 and a median rent of $2,120 per month, making it a worthwhile starting point for cash flow analysis. Investors evaluating the 3-bedroom segment will find a median rent of $4,200 per month against a median sale price of $975,000, a comparison worth running through a full return on investment model.

At a 30-year fixed rate of 6.37%, monthly mortgage costs on the median sale price of $1,300,000 represent a significant affordability consideration for buyers in this market. Borrowers who qualify for the 15-year fixed rate of 5.72% may reduce their total interest paid substantially over the life of the loan.