Austin, TX Real Estate Market

Sellers in 78745 are in a favorable position, as the median sale price of $524,990 exceeds the median list price of $475,000, indicating strong closing outcomes. However, a median days on market of 42 days suggests pricing strategically from the start will be important to avoid extended listing periods.

Buyers should be prepared for homes to close above the list price, with the median sale price running $49,990 higher than the median list price of $475,000. At a 30-year mortgage rate of 6%, a purchase at the median sale price would require careful budgeting, so getting pre-approved and acting decisively on well-priced homes is advisable.

With a median rent of $1,695 and a median sale price of $524,990, investors should carefully evaluate cash flow potential in this zip code, as cap rates may be compressed. The rental inventory of 660 units and a median price per square foot of $347.10 can help investors benchmark acquisition costs against local rental demand.

The current 30-year mortgage rate stands at 6% and the 15-year rate at 5.43%, which meaningfully impacts monthly payment calculations on a median-priced home of $524,990. Buyers who can qualify for the 15-year term at 5.43% may save substantially on total interest paid over the life of the loan.