Is Austin, TX 78705 a buyer’s or seller’s market?
Austin is a buyer’s market. With about 8.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 1% of U.S. ZIP codes, and #844 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Austin housing market right now
In the three months ending August 31, 2026, 2% of homes in Austin, TX 78705 sold above their list price, the typical home went under contract in 85 days and there were 8.8 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 58 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 4%, homes sold more slowly (74 days then) and the median sale price fell 5% to $291,874. Overall, Austin is less competitive than a year ago, which gives buyers more room.
Within Travis County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 96%. On our competition score, Austin ranks #844 of 868 TX ZIP codes with enough sales (score 5 out of 100).
Nearby, Austin 78736 (23% sold over asking) and Austin 78739 (21% sold over asking) are even more competitive.
Run the numbers for 78705
Nearby markets
Austin 78701Buyer’s market $705 /sq ftAustin 78702Buyer’s market $430 /sq ftAustin 78703Buyer’s market $565 /sq ftAustin 78704Buyer’s market $507 /sq ft Browse all markets →Towns like Austin nearby
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Questions about Austin real estate
Is Austin a buyer’s or seller’s market?
A buyer’s market: there were 8.8 months of supply in Austin, TX 78705 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Austin?
The typical home went under contract in 85 days in the latest three months.
Do homes in Austin sell over asking?
2% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Austin?
About 1.48% of a home’s value a year in Travis County, or roughly $5,920 on a $400,000 home.
What is the median home price in Austin?
The median sale price was $291,874 in the three months ending August 31, 2026, about $378 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology