Is Austin, TX 78738 a buyer’s or seller’s market?

The Austin housing market right now

In the three months ending August 31, 2026, 10% of homes in Austin, TX 78738 sold above their list price, the typical home went under contract in 69 days and there were 4 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 215 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (80 days then) and the median sale price rose 13% to $976,777. Overall, Austin is more competitive than a year ago, so tougher for buyers.

Within Travis County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 61%. On our competition score, Austin ranks #470 of 868 TX ZIP codes with enough sales (score 23 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.