4-week rolling average · Data through March 12, 2026 · ZIP 78704
The 78704 zip code in Austin, TX is showing a warm market with a temperature score of 68, supported by 449 active for-sale listings and 666 rental units currently available. The median sale price sits at $1,299,000 against a median list price of $799,000, suggesting significant upward pressure during the transaction process. At $638.34 per square foot, this area commands premium pricing reflective of its desirability within the Austin market.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $360K | $1K/mo |
| 2BR | $625K | $2K/mo |
| 3BR | $995K | $4K/mo |
| 4BR | $1.35M | $5K/mo |
| 5BR | $2.50M | $5K/mo |
| 6BR | $940K | — |
| 7BR | $2.20M | — |
| 8BR | $870K | — |
Sellers in 78704 are in a strong position, as homes are closing at a median sale price of $1,299,000 well above the median list price of $799,000. With a median of 36 days on market, pricing competitively from the start can attract serious buyers and drive strong final offers.
Buyers should be prepared for sale prices to exceed list prices significantly, as the median sale price of $1,299,000 is considerably higher than the median list price of $799,000 in this zip code. With 449 active listings available and a 30-year mortgage rate at 6%, there is some selection to work with, but budget flexibility and pre-approval are essential in this warm market.
The rental market in 78704 shows strong inventory with 666 rental units available, and median rent sits at $1,900 per month across all unit types. Investors targeting 3-bedroom properties may find more upside, as 3-bedroom rents reach $3,750 per month against a 3-bedroom median sale price of $995,000, which warrants a close look at cash flow potential.
The current 30-year fixed mortgage rate of 6% and 15-year rate of 5.43% remain a key consideration for affordability, particularly given the median sale price of $1,299,000 in this market. Buyers who can qualify for the 15-year rate at 5.43% may save considerably on interest over the life of the loan, though monthly payments will be higher.
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Market intelligence by FarmPosts