Is Austin, TX 78724 a buyer’s or seller’s market?

The Austin housing market right now

In the three months ending August 31, 2026, 8% of homes in Austin, TX 78724 sold above their list price, the typical home went under contract in 56 days and there were 6.8 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 55 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (84 days then) and the median sale price fell 4% to $369,840. Overall, Austin is more competitive than a year ago, so tougher for buyers.

Within Travis County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in 72%. On our competition score, Austin ranks #670 of 868 TX ZIP codes with enough sales (score 16 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.