Austin, TX Real Estate Market

With 203 active listings and a median of 35 days on market, sellers are operating in a warm but not overheated environment, meaning competitive pricing will be important to attract serious buyers. The median asking price of $1,350,000 reflects strong positioning, and sellers with 4-bedroom homes are listing at a median of $1,420,000, which anchors expectations for larger properties.

Buyers in 78731 are looking at a median asking price of $1,350,000 for single-family homes, with 203 active listings providing a reasonable selection to evaluate. At 35 median days on market, there is some time to conduct due diligence, though the competition score of 69 indicates this market still favors reasonably decisive action.

The median rent of $1,500 across 182 rental listings and a median asking price of $1,350,000 for single-family homes points to a significant gap that investors should carefully underwrite before committing. However, the 3-bedroom segment shows a rental rate of $2,995 against an asking price of $1,025,000, which may offer a more favorable entry point for buy-and-hold strategies in this zip code.

The current 30-year fixed mortgage rate of 6.37% and 15-year rate of 5.72% represent a meaningful cost of capital that buyers and investors should factor into monthly payment projections on high asking prices like those seen in 78731. Borrowers with flexibility may want to compare both term options, as the 65-basis-point spread between the 30-year and 15-year rates could yield substantial interest savings over time for those who can manage the higher monthly payment.