Is Austin, TX 78742 a buyer’s or seller’s market?
Austin is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Austin housing market right now
In the three months ending August 31, 2026, 0% of homes in Austin, TX 78742 sold above their list price, the typical home went under contract in 42 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 about as fast and the median sale price fell 29% to $269,883. Overall, Austin is about as competitive as it was a year ago.
Within Travis County, homes here sell faster than in 85% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Austin 78736 (23% sold over asking) and Austin 78739 (21% sold over asking) are even more competitive.
Run the numbers for 78742
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 →Where Austin is
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Questions about Austin real estate
Is Austin a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Austin, TX 78742 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 42 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 98.2% 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 $269,883 in the three months ending August 31, 2026, about $224 per square foot.
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More tools for 78742
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology