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Market Intelligence · TX / Austin

Austin, TX 78705 Housing Market

The typical home value in Austin, TX 78705 is $319,751, down 5.9% over the past year. The median list price is $321,950, and homes are spending a median of 120 days on the market. All figures are as of September 2026.

Updated September 2026Median value$320K

The median home value in Austin, TX 78705 is $320K as of September 2026, down 5.9% 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 78705 range

$294K to $345K

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

-5.9% over 12 months

Typical home value in 78705 over the last 12 months: $340K in Sep 2025 to $320K in Sep 2026 (-5.9%).

Sep 2025$340K

Sep 2026$320K

The numbers

What is the 78705 housing market like?

Typical home value

$320K

Down5.9%YoY

Median list price

$322K

Up2.2%MoM

Days on market

120

Up18.8%MoM

Homes for sale

147

Down24.6%MoM

Price cuts

15.0%

Down20.0%MoM

New listings

18

Up50.0%MoM

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

The outlook

78705 housing market forecast 2027

-2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78705 to fall 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 78705 fell 5.9%, per the Zillow Home Value Index.

Will home prices drop in 78705?

Zillow's forecast says they may: it expects typical home values in 78705 to fall 2.0% by September 2027, after a 5.9% 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 78705 home prices compare?

  • 78705$319,751
  • 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, there are 147 homes for sale in 78705, with 18 new listings coming on the market. The median list price sits at $321,950, just above the typical home value of $319,751. Homes are taking a median of 120 days to sell, which is slow, and 15.0% of listings have taken a price cut. Values are down 5.9% over the past year. For a seller, this means pricing carefully from the start matters more than usual, because buyers have time and options.

Monthly payment

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20% · $63,950

Neighborhood

Around 78705.

Local headlines

Common questions

What people ask us.

How much is a home in 78705 worth?

The typical home value in 78705 is $319,751, down 5.9% over the past year, as of September 2026. The median list price is $321,950.

How long does it take to sell a home in 78705?

Homes in 78705 are spending a median of 120 days on the market, as of September 2026. There are 147 homes for sale, so buyers have choices.

Are sellers cutting prices in 78705?

Yes. As of September 2026, 15.0% of listings in 78705 have had a price cut.

Discover

Nearby ZIP markets.

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