Austin, TX Real Estate Market

Sellers in 78731 are in a commanding position, with the median sale price of $1,350,000 running $250,000 above the median list price of $1,100,000. The 35-day median days on market shows that well-priced homes are attracting serious buyers at a consistent pace.

Buyers in 78731 should expect to offer significantly above list price, given that the median sale price of $1,350,000 exceeds the median list price of $1,100,000 by $250,000. A competition score of 69 out of 100 and a 35-day median days on market mean that strong, prepared offers are essential in this market.

The median rent of $1,500 across 182 available rental units reflects steady rental demand in 78731, though the median sale price of $1,350,000 compresses yields for traditional buy-and-hold strategies. Investors focused on larger units may find a more favorable picture, as 4-bedroom rentals generate $5,700 per month against a 4-bedroom sale price of $1,420,000.

At a 30-year fixed rate of 6.37%, monthly carrying costs on a $1,350,000 median sale price are substantial, making rate selection a critical part of any purchase decision in this market. Buyers who can qualify for the 15-year rate of 5.72% or bring a larger down payment stand to realize meaningful long-term interest savings at this price point.