Market Intelligence · TX / Austin

Austin, TX 78704 Housing Market

Homes in Austin 78704 have a typical value of $731,493, down 3.2% over the past year. The median list price stands at $774,950, with homes remaining on the market for a median of 86 days.

Updated August 2026Median value$721K

The median home value in Austin, TX 78704 is $721K as of August 2026, down 2.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 78704 range

$664K to $779K

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

-2.1% over 12 months

Typical home value in 78704 over the last 12 months: $737K in Aug 2025 to $721K in Aug 2026 (-2.1%).

Aug 2025$737K

Aug 2026$721K

The numbers

What is the 78704 housing market like?

Typical home value

$721K

Down2.1%YoY

Median list price

$775K

Down3.0%MoM

Days on market

86

Up10.3%MoM

Homes for sale

330

Down5.4%MoM

Price cuts

23.7%

Up0.8%MoM

New listings

76

Up18.8%MoM

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

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The comparison

How do 78704 home prices compare?

  • 78704$721,338
  • Austin$560,936
  • Texas$262,445
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Austin: 42 ZIPs; Texas: 1,512 ZIPs; United States: 26,265 ZIPs).

Context

The 78704 ZIP code has 330 homes for sale as of August 2026, with 76 new listings added recently. The median time on market of 86 days reflects a slower pace than in stronger conditions. Price cuts appear on 23.7% of listings, suggesting sellers are adjusting expectations. Combined with the year-over-year decline in typical home value, this points to a market favoring buyers over sellers right now.

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