4-week rolling average · Data through March 12, 2026 · ZIP 78731
The 78731 zip code in Austin, TX is running hot with a market temperature score of 79 out of 100, and the median sale price of $1,295,000 is sitting notably above the median list price of $989,000, signaling strong buyer competition and frequent above-ask closings. With 173 active for-sale listings and a median days on market of just 24, well-priced homes are moving quickly. At $497.69 per square foot, this is one of Austin's more premium submarkets.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $195K | $1K/mo |
| 2BR | $289K | $2K/mo |
| 3BR | $950K | $4K/mo |
| 4BR | $1.29M | $5K/mo |
| 5BR | $2.20M | $7K/mo |
| 6BR | $995K | $6K/mo |
Sellers in 78731 are in a strong position as homes are closing at a median sale price of $1,295,000, which is $306,000 above the median list price of $989,000. With only 24 median days on market, well-priced listings are attracting serious buyers quickly and leaving little room for hesitation.
Buyers should be prepared to act decisively in this market, as homes are selling significantly above their list prices with a median sale price of $1,295,000 against a median list price of $989,000. Coming in with a strong, competitive offer is essential given the 24-day median time on market and the market temperature score of 79.
With a median rent of $1,747 and 161 rental units currently available, the rental market in 78731 offers steady demand but the high median sale price of $1,295,000 compresses yields for traditional buy-and-hold strategies. Investors focused on larger units may find more attractive rent-to-price dynamics, as 4-bedroom rentals command $5,200 per month against a 4-bedroom sale price of $1,292,000.
The current 30-year fixed mortgage rate of 6.00% and 15-year rate of 5.43% are key factors for buyers financing in this high-price market, where a median sale price of $1,295,000 means even small rate differences translate into significant monthly payment changes. Buyers with the ability to put more down or consider a 15-year term at 5.43% could realize meaningful long-term savings on a home at this price point.
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Market intelligence by FarmPosts