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Market Intelligence · TX / Austin

Austin, TX 78721 Housing Market

The typical home value in Austin, TX 78721 is $406,132, down 5.6% over the past year as of September 2026. The median list price sits at $483,500, and homes are spending a median of 92 days on the market.

Updated September 2026Median value$406K

The median home value in Austin, TX 78721 is $406K as of September 2026, down 5.6% 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 78721 range

$374K to $439K

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

-5.6% over 12 months

Typical home value in 78721 over the last 12 months: $430K in Sep 2025 to $406K in Sep 2026 (-5.6%).

Sep 2025$430K

Sep 2026$406K

The numbers

What is the 78721 housing market like?

Typical home value

$406K

Down5.6%YoY

Median list price

$484K

Down1.3%MoM

Days on market

92

Up17.9%MoM

Homes for sale

93

Down13.9%MoM

Price cuts

32.4%

Up9.6%MoM

New listings

18

Up12.5%MoM

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

The outlook

78721 housing market forecast 2027

-2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78721 to fall 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 78721 fell 5.6%, per the Zillow Home Value Index.

Will home prices drop in 78721?

Zillow's forecast says they may: it expects typical home values in 78721 to fall 2.5% by September 2027, after a 5.6% 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 78721 home prices compare?

  • 78721$406,132
  • 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

There are 93 homes for sale in 78721 as of September 2026, with 18 new listings coming on. The median list price of $483,500 sits well above the typical home value of $406,132, and that value has fallen 5.6% over the past year. Homes are taking a median of 92 days to sell, and 32.4% of listings have taken a price cut. Buyers have room to negotiate here. Sellers should price with the current trend in mind, because asking high and cutting later is common in this market right now.

Monthly payment

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Neighborhood

Around 78721.

Local headlines

Common questions

What people ask us.

How much is a home in 78721 worth?

The typical home value in 78721 is $406,132 as of September 2026, down 5.6% over the past year.

How long do homes take to sell in 78721?

Homes in 78721 spend a median of 92 days on the market as of September 2026. About 32.4% of listings have had a price cut.

What are homes listed for in 78721?

The median list price in 78721 is $483,500 as of September 2026, with 93 homes for sale and 18 new listings.

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