Is Austin, TX 78702 a buyer’s or seller’s market?

The Austin housing market right now

In the three months ending August 31, 2026, 9% of homes in Austin, TX 78702 sold above their list price, the typical home went under contract in 64 days and there were 8.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 92 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 3%, homes sold faster (70 days then) and the median sale price rose 9% to $749,676. Overall, Austin is more competitive than a year ago, so tougher for buyers.

Within Travis County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Austin ranks #704 of 868 TX ZIP codes with enough sales (score 14 out of 100).

Nearby, buyers who want less competition could look at Austin 78742 (0% sold over asking) or Austin 78719 (0% sold over asking), while Austin 78736 (23% sold over asking) and Austin 78739 (21% sold over asking) are even more competitive.