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Market Intelligence · TX / Austin

Austin, TX 78704 Housing Market

The typical home value in Austin, TX 78704 is $715,332, down 1.4% over the past year as of September 2026. The median list price is $744,500, and homes are spending a median of 86 days on market.

Updated September 2026Median value$715K

The median home value in Austin, TX 78704 is $715K as of September 2026, down 1.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 78704 range

$658K to $773K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.4% over 12 months

Typical home value in 78704 over the last 12 months: $725K in Sep 2025 to $715K in Sep 2026 (-1.4%).

Sep 2025$725K

Sep 2026$715K

The numbers

What is the 78704 housing market like?

Typical home value

$715K

Down1.4%YoY

Median list price

$745K

Down3.9%MoM

Days on market

86

Flat0.0%MoM

Homes for sale

336

Up1.8%MoM

Price cuts

26.0%

Up9.5%MoM

New listings

78

Up2.6%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

78704 housing market forecast 2027

-2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78704 to fall 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 78704 fell 1.4%, per the Zillow Home Value Index.

Will home prices drop in 78704?

Zillow's forecast says they may: it expects typical home values in 78704 to fall 2.1% by September 2027, after a 1.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 78704 home prices compare?

  • 78704$715,332
  • Austin$552,932
  • Texas$258,447
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Austin: 42 ZIPs; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Austin, TX 78704 has 336 homes for sale, with 78 new listings coming to market. The median list price sits at $744,500, while the typical home value is $715,332, down 1.4% over the past year. Homes are taking a median of 86 days to sell, and 26.0% of listings have had a price cut. Values are slipping modestly, buyers are taking their time, and a meaningful share of sellers are trimming their asking prices. For a seller, pricing accurately from the start matters more than testing the top of the market.

Monthly payment

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Neighborhood

Around 78704.

Local headlines

Common questions

What people ask us.

How much is a home in 78704 worth?

The typical home value in Austin, TX 78704 is $715,332 as of September 2026, down 1.4% over the past year. The median list price is $744,500.

How long does it take to sell a home in 78704?

Homes in 78704 are spending a median of 86 days on market as of September 2026.

Are sellers cutting prices in 78704?

As of September 2026, 26.0% of listings in 78704 have had a price cut. There were 336 homes for sale, with 78 new listings.

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Nearby ZIP markets.

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