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Market Intelligence · TX / Austin

Austin, TX 78728 Housing Market

The typical home value in Austin, TX 78728 is $392,423, down 4.0% over the past year as of September 2026. The median list price is $430,675, and homes spend a median of 43 days on market.

Updated September 2026Median value$392K

The median home value in Austin, TX 78728 is $392K as of September 2026, down 4.0% 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 78728 range

$361K to $424K

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

-4.0% over 12 months

Typical home value in 78728 over the last 12 months: $409K in Sep 2025 to $392K in Sep 2026 (-4.0%).

Sep 2025$409K

Sep 2026$392K

The numbers

What is the 78728 housing market like?

Typical home value

$392K

Down4.0%YoY

Median list price

$431K

Down2.0%MoM

Days on market

43

Down27.1%MoM

Homes for sale

33

Up22.2%MoM

Price cuts

28.5%

Up35.4%MoM

New listings

20

Up150.0%MoM

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

The outlook

78728 housing market forecast 2027

-2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78728 to fall 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 78728 fell 4.0%, per the Zillow Home Value Index.

Will home prices drop in 78728?

Zillow's forecast says they may: it expects typical home values in 78728 to fall 2.2% by September 2027, after a 4.0% 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 78728 home prices compare?

  • 78728$392,423
  • 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, Austin, TX 78728 had 33 homes for sale and 20 new listings. The median list price is $430,675, above the typical home value of $392,423, which is down 4.0% over the past year. Homes are taking a median of 43 days to sell, and 28.5% of listings have had a price cut. For a seller, the numbers point to a softening market where pricing carefully from the start matters more than testing the high end.

Monthly payment

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20% · $78,485

Neighborhood

Around 78728.

Local headlines

Common questions

What people ask us.

How much is a home in 78728 worth?

The typical home value in Austin, TX 78728 is $392,423 as of September 2026, down 4.0% over the past year.

How long does it take to sell a home in 78728?

Homes in 78728 spend a median of 43 days on market as of September 2026. There were 33 homes for sale at that time.

Are sellers cutting prices in 78728?

Yes. As of September 2026, 28.5% of listings in 78728 had a price cut.

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