What is the typical home value in 78721?

Typical home value in 78721 is $418,488, down 7.1% over the past year as of July 2026.

How long do homes take to sell in this ZIP?

The median time on market is 78 days as of August 2026.

Are prices being negotiated down?

Yes. Currently, 29.5% of listings have a price cut, indicating active negotiation in the market.

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$418K

The median home value in Austin, TX 78721 is $418K as of August 2026, down 7.1% 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 78721 range

$385K to $452K

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

-7.1% over 12 months

Jul 2025$451K

Low $418KHigh $451K

Jul 2026$418K

The numbers

What is the 78721 housing market like?

As of August 2026

Typical home value

$418K

7.1%YoY

Median list price

$490K

0.2%MoM

Days on market

13.0%MoM

Homes for sale

108

3.6%MoM

Price cuts

29.5%

29.3%MoM

New listings

11.1%MoM

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

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The comparison

How do 78721 home prices compare?

78721$418,488
Austin$570,854
Texas$261,753
United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Austin: 42 ZIPs; Texas: 1,512 ZIPs; United States: 26,266 ZIPs).

Context

As of July 2026, Zillow's index pegs the typical 78721 home at $418,488, a 12-month move of -7.1%. 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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Down payment20% · $83,698

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Around 78721.

Local headlines

Austin's rise and fall from housing darling status - and what comes next - The Business Journalsbizjournals.com · Sep 14, 2026

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