Is Austin, TX 78756 a buyer’s or seller’s market?

The Austin housing market right now

In the three months ending August 31, 2026, 17% of homes in Austin, TX 78756 sold above their list price, the typical home went under contract in 36 days and there were 4.5 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 31 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold faster (62 days then) and the median sale price fell 21% to $749,176. Overall, Austin is more competitive than a year ago, so tougher for buyers.

Within Travis County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 85%. On our competition score, Austin ranks #174 of 868 TX ZIP codes with enough sales (score 38 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.