Market Intelligence · TX / Austin

Austin, TX 78731 Housing Market

The typical home value in Austin, TX 78731 is $1,021,955, up 2.7% over the past year as of September 2026. The median list price is $1,137,500, and homes are spending a median of 65 days on the market.

Updated September 2026Median value$1022K

The median home value in Austin, TX 78731 is $1.02M as of September 2026, up 2.7% 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.

Human help

Licensed pros in 78731.

Allen Shipman

Primary seat

Allen Shipman

Lic #571657 TX

Allen Shipman is the Broker/Owner of Shipman Partners, a family-owned Austin real estate team serving Central Texas since 2010. Alongside Melissa, a listing specialist with nearly 1,000 closings, and Sadie, a next-generation REALTOR®, Allen combines local expertise, data-driven pricing, skilled negotiation, and personal service. With 1,100+ successful transactions, the Shipman family helps homeowners understand what their home is truly worth and how to maximize its value when it’s time to sell.

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Typical 78731 range

$940K to $1.1M

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

+2.7% over 12 months

Typical home value in 78731 over the last 12 months: $995K in Sep 2025 to $1.02M in Sep 2026 (+2.7%).

Sep 2025$995K

Sep 2026$1.02M

The numbers

What is the 78731 housing market like?

Typical home value

$1.02M

Up2.7%YoY

Median list price

$1.14M

Up14.3%MoM

Days on market

65

Up1.6%MoM

Homes for sale

111

Down0.9%MoM

Price cuts

20.4%

Up22.9%MoM

New listings

32

Down27.3%MoM

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

The outlook

78731 housing market forecast 2027

-1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78731 to fall 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 78731 rose 2.7%, per the Zillow Home Value Index.

Will home prices drop in 78731?

Zillow's forecast says they may: it expects typical home values in 78731 to fall 1.9% by September 2027, after a 2.7% rise 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 78731 home prices compare?

  • 78731$1,021,955
  • 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, 78731 has 111 homes for sale, with 32 new listings coming to market. The median list price is $1,137,500, while the typical home value is $1,021,955, up 2.7% over the past year. Homes are taking a median of 65 days to sell, and 20.4% of listings have had a price cut. Values are still rising, but buyers have room to negotiate. For sellers, pricing accurately at the start matters more than it did when homes moved faster.

Monthly payment

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20% · $204,391

Neighborhood

Around 78731.

Common questions

What people ask us.

How much is a home in 78731 worth?

The typical home value in Austin, TX 78731 is $1,021,955 as of September 2026, up 2.7% over the past year.

How long does it take to sell a home in 78731?

Homes in 78731 spend a median of 65 days on the market as of September 2026.

Are home prices in 78731 dropping?

Values are up 2.7% over the past year, but 20.4% of listings have had a price cut as of September 2026, so some sellers are adjusting expectations.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.