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Market Intelligence · TX / Austin

Austin, TX 78723 Housing Market

The typical home value in Austin, TX 78723 is $466,759, down 3.8% over the past year as of September 2026. The median list price is $499,450, and homes are spending a median of 71 days on market.

Updated September 2026Median value$467K

The median home value in Austin, TX 78723 is $467K as of September 2026, down 3.8% 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 78723 range

$429K to $504K

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

-3.8% over 12 months

Typical home value in 78723 over the last 12 months: $485K in Sep 2025 to $467K in Sep 2026 (-3.8%).

Sep 2025$485K

Sep 2026$467K

The numbers

What is the 78723 housing market like?

Typical home value

$467K

Down3.8%YoY

Median list price

$499K

Down4.9%MoM

Days on market

71

Up9.2%MoM

Homes for sale

164

Down3.5%MoM

Price cuts

28.7%

Up12.6%MoM

New listings

46

Up15.0%MoM

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

The outlook

78723 housing market forecast 2027

-2.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78723 to fall 2.4% by September 2027.

Over the 12 months through September 2026, typical home values in 78723 fell 3.8%, per the Zillow Home Value Index.

Will home prices drop in 78723?

Zillow's forecast says they may: it expects typical home values in 78723 to fall 2.4% by September 2027, after a 3.8% 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 78723 home prices compare?

  • 78723$466,759
  • 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 were 164 homes for sale in 78723, with 46 new listings coming on during that period. The median list price sits at $499,450, and the median days on market is 71. Meanwhile, 28.7% of listings had a price cut, and the typical home value of $466,759 is down 3.8% over the past year. That combination suggests buyers have room to negotiate. For a seller, pricing realistically from the start matters more than testing the top of the market.

Monthly payment

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20% · $93,352

Neighborhood

Around 78723.

Local headlines

Common questions

What people ask us.

How much is a home in 78723 worth?

The typical home value in 78723 is $466,759, down 3.8% over the past year as of September 2026.

How long do homes take to sell in 78723?

Homes in 78723 are spending a median of 71 days on market as of September 2026.

How competitive is the market in 78723 right now?

As of September 2026, there were 164 homes for sale and 28.7% of listings had a price cut, which points to a market where buyers have some leverage.

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Nearby ZIP markets.

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