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Market Intelligence · TX / Austin

Austin, TX 78724 Housing Market

The typical home value in Austin's 78724 ZIP code is $308,812, down 6.2% over the past year as of September 2026. The median list price is $358,425, and homes spend a median of 67 days on market. There are 89 homes for sale.

Updated September 2026Median value$309K

The median home value in Austin, TX 78724 is $309K as of September 2026, down 6.2% 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 78724 range

$284K to $334K

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

-6.2% over 12 months

Typical home value in 78724 over the last 12 months: $329K in Sep 2025 to $309K in Sep 2026 (-6.2%).

Sep 2025$329K

Sep 2026$309K

The numbers

What is the 78724 housing market like?

Typical home value

$309K

Down6.2%YoY

Median list price

$358K

Up1.0%MoM

Days on market

67

Up21.8%MoM

Homes for sale

89

Down2.2%MoM

Price cuts

26.0%

Down25.5%MoM

New listings

14

Down50.0%MoM

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

The outlook

78724 housing market forecast 2027

-2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78724 to fall 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 78724 fell 6.2%, per the Zillow Home Value Index.

Will home prices drop in 78724?

Zillow's forecast says they may: it expects typical home values in 78724 to fall 2.1% by September 2027, after a 6.2% 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 78724 home prices compare?

  • 78724$308,812
  • 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

The 78724 market has cooled over the past year. Typical home values sit at $308,812, down 6.2% from a year earlier, while the median list price is $358,425. Sellers are waiting longer for offers, with a median of 67 days on market as of September 2026. New supply is limited, with 14 new listings against 89 homes for sale, but 26.0% of listings have taken a price cut. For a seller, this is a market where pricing realistically from the start matters more than aiming high and cutting later.

Monthly payment

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Neighborhood

Around 78724.

Local headlines

Common questions

What people ask us.

How much is a home in 78724 worth?

The typical home value in 78724 is $308,812 as of September 2026, down 6.2% over the past year. The median list price is higher at $358,425.

How long does it take to sell a home in 78724?

Homes in 78724 spend a median of 67 days on market as of September 2026. With 26.0% of listings taking a price cut, overpriced homes tend to sit longer.

Is 78724 a buyer's or seller's market right now?

As of September 2026 there are 89 homes for sale and only 14 new listings, but values are down 6.2% over the past year. The data points to a cooler market where buyers have more room to negotiate.

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