Market Intelligence · TX / Austin

Austin, TX 78723 Housing Market

The typical home value in Austin's 78723 ZIP code is $483,999, down 5.8% over the past year. The median list price is $524,500, and homes are taking a median of 59 days on market to sell.

Updated June 2026Median value$484K

The median home value in Austin, TX 78723 is $484K as of June 2026, down 5.8% 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 78723 range

$445K to $523K

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

-5.8% over 12 months

Typical home value in 78723 over the last 12 months: $514K in Jun 2025 to $484K in Jun 2026 (-5.8%).

Jun 2025$514K

Jun 2026$484K

The numbers

What is the 78723 housing market like?

Typical home value

$484K

Down5.8%YoY

Median list price

$525K

Days on market

59

Up24.2%MoM

Homes for sale

161

Price cuts

24.0%

New listings

60

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

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The comparison

How do 78723 home prices compare?

  • 78723$483,999
  • 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 2026, there are 161 homes for sale in 78723, with 60 new listings added. The median list price sits at $524,500, while the typical home value is $483,999, down 5.8% over the past year. About 24.0% of listings have had a price cut, and the median days on market is 59. For sellers, this points to a slower market where realistic pricing matters more than it did a year ago.

Monthly payment

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Around 78723.

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