Market Intelligence · TX / Austin

Austin, TX 78723 Housing Market

The typical home value in 78723 is $479,296, down 5.2% over the past year. The median list price sits at $525,000, with homes spending a median of 65 days on market.

Updated August 2026Median value$469K

The median home value in Austin, TX 78723 is $469K as of August 2026, down 4.4% 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

$431K to $506K

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

-4.4% over 12 months

Typical home value in 78723 over the last 12 months: $490K in Aug 2025 to $469K in Aug 2026 (-4.4%).

Aug 2025$490K

Aug 2026$469K

The numbers

What is the 78723 housing market like?

Typical home value

$469K

Down4.4%YoY

Median list price

$525K

Down0.9%MoM

Days on market

65

Up1.6%MoM

Homes for sale

170

Down3.4%MoM

Price cuts

25.5%

Down13.1%MoM

New listings

40

Up11.1%MoM

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

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The comparison

How do 78723 home prices compare?

  • 78723$468,904
  • Austin$560,936
  • Texas$262,445
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Austin: 42 ZIPs; Texas: 1,512 ZIPs; United States: 26,265 ZIPs).

Context

Austin's 78723 ZIP code shows a cooling market. There are 170 homes for sale with 40 new listings as of August 2026. The median list price of $525,000 reflects asking prices across available inventory. Homes are staying on market for a median of 65 days, a sign of slower buyer activity. If you're considering selling, recognize that prices have declined and competition among sellers is increasing.

Monthly payment

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20% · $93,781

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