Market Intelligence · TX / Austin

Austin, TX 78721 Housing Market

Homes in Austin 78721 are currently valued at $418,488, down 7.1% over the past year. The median list price stands at $490,000, with homes taking a median of 78 days to sell.

Updated August 2026Median value$411K

The median home value in Austin, TX 78721 is $411K as of August 2026, down 6.2% 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 78721 range

$378K to $443K

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

-6.2% over 12 months

Typical home value in 78721 over the last 12 months: $438K in Aug 2025 to $411K in Aug 2026 (-6.2%).

Aug 2025$438K

Aug 2026$411K

The numbers

What is the 78721 housing market like?

Typical home value

$411K

Down6.2%YoY

Median list price

$490K

Down0.2%MoM

Days on market

78

Up13.0%MoM

Homes for sale

108

Down3.6%MoM

Price cuts

29.5%

Down29.3%MoM

New listings

16

Down11.1%MoM

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

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The comparison

How do 78721 home prices compare?

  • 78721$410,578
  • 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

As of August 2026, Zillow's index pegs the typical 78721 home at $410,578, a 12-month move of -6.2%. Turning to what is for sale, Realtor.com counts 108 homes on the market, 16 newly listed, and a median asking price of $490,000 as of August 2026. Listings sit a median 78 days before selling, with 29.5% of active homes cutting their price. Taken together, the numbers describe a cooling market where pricing discipline is deciding which homes sell.

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