Market Intelligence · TX / Austin

Austin, TX 78721 Housing Market

The typical home value in Austin's 78721 ZIP code is $422,945, down 8.0% over the past year. Homes here carry a median list price of $499,500, and the median time on market is 64 days as of June 1, 2026.

Updated June 2026Median value$423K

The median home value in Austin, TX 78721 is $423K as of June 2026, down 8.0% 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

$389K to $457K

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

-8.0% over 12 months

Typical home value in 78721 over the last 12 months: $460K in Jun 2025 to $423K in Jun 2026 (-8.0%).

Jun 2025$460K

Jun 2026$423K

The numbers

What is the 78721 housing market like?

Typical home value

$423K

Down8.0%YoY

Median list price

$500K

Days on market

64

Up12.3%MoM

Homes for sale

117

Price cuts

29.6%

New listings

24

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

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The comparison

How do 78721 home prices compare?

  • 78721$422,945
  • Austin$578,862
  • Texas$263,300
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Austin: 42 ZIPs; Texas: 1,512 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 117 homes for sale in 78721, with 24 new listings added recently. The median list price is $499,500, while the typical home value sits at $422,945, down 8.0% over the past year. Homes are taking a median of 64 days to sell, and 29.6% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing matters more than it did a year ago.

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