Is Austin, TX 78748 a buyer’s or seller’s market?

The Austin housing market right now

In the three months ending August 31, 2026, 15% of homes in Austin, TX 78748 sold above their list price, the typical home went under contract in 53 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 154 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold about as fast and the median sale price fell 5% to $404,825. Overall, Austin is more competitive than a year ago, so tougher for buyers.

Within Travis County, homes here sell faster than in 72% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Austin ranks #230 of 868 TX ZIP codes with enough sales (score 34 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.