Is Austin, TX 78737 a buyer’s or seller’s market?
Austin is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 31% of U.S. ZIP codes, and #226 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, 14% of homes in Austin, TX 78737 sold above their list price, the typical home went under contract in 52 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 101 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (69 days then) and the median sale price rose 2% to $843,385. Overall, Austin is more competitive than a year ago, so tougher for buyers.
Within Hays County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Austin ranks #226 of 868 TX ZIP codes with enough sales (score 34 out of 100).
Nearby, buyers who want less competition could look at Wimberley 78676 (2% sold over asking) or San Marcos 78666 (2% sold over asking).
Run the numbers for 78737
Nearby markets
Buda 78610Balanced $175 /sq ftDriftwood 78619Buyer’s market $339 /sq ftDripping Springs 78620Balanced $239 /sq ftKyle 78640Balanced $161 /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 balanced market: there were 4.2 months of supply in Austin, TX 78737 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?
14% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Austin?
About 1.66% of a home’s value a year in Hays County, or roughly $6,640 on a $400,000 home.
What is the median home price in Austin?
The median sale price was $843,385 in the three months ending August 31, 2026, about $270 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