78620
Austin, Texas
Austin 78620 needs watching.
The 78620 ZIP code in Austin, Texas has a median sale price of $579K, down -5.9% year-over-year. Homes spend an average of 102 days on market, with 10% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78620.
# Market Report: Austin ZIP 78620
The 78620 market shows clear correction signals with a median sale price of $579,000, down 5.9% year-over-year. Homes are averaging 102 days on market, indicating significantly slower absorption than peak periods. Only 10% of properties are closing above list price, demonstrating weakened buyer urgency and reduced competitive pressure. This pricing environment marks a departure from the seller-dominated conditions that characterized Austin's suburban markets through 2024.
This market configuration favors patient buyers with financing secured and flexible timelines to negotiate. The 102-day marketing period provides leverage for inspection contingencies and price concessions that were unavailable 18 months ago. Sellers facing compressed timelines or lacking pricing discipline will struggle, as the 90% of homes trading at or below ask indicates limited tolerance for aspirational pricing. Investors seeking cash-flowing rentals may find entry points, though the 5.9% depreciation requires careful basis calculation.
The PropIQ score of 51 signals neutral-to-cautious conditions requiring active monitoring of absorption trends. With prices declining and inventory duration extended, the next quarter will reveal whether this represents temporary recalibration or sustained correction. Buyers should track whether days-on-market stabilizes or extends beyond 110 days, which would indicate further pricing pressure. Sellers must recognize that list-to-sale ratios below 15% historically precede additional price discovery.
What is the median home price in 78620 Austin?
The median sale price in 78620 is $579K, down -5.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78620?
Homes in 78620 Austin spend an average of 102 days on market before going under contract.
Is Austin 78620 a good place to invest in real estate?
Folio's PropIQ™ score for 78620 is 51/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 78620?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 51 = Caution in 78620 Austin, Texas.