Is Austin, TX 78720 a buyer’s or seller’s market?
Austin is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Austin housing market right now
In the three months ending August 31, 2026, 0% of homes in Austin, TX 78720 sold above their list price, the typical home went under contract in 52 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (164 days then) and the median sale price rose 9% to $188,918. Overall, Austin is more competitive than a year ago, so tougher for buyers.
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Where Austin is
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Questions about Austin real estate
Is Austin a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Austin, TX 78720 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 52 days in the latest three months.
Do homes in Austin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What is the median home price in Austin?
The median sale price was $188,918 in the three months ending August 31, 2026, about $181 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