78621
Austin, Texas

The 78621 ZIP code shows clear cooling with a median sale price of $278,950, down 8.3% year-over-year, indicating a shift from the Austin metro's pandemic-era appreciation. Homes are averaging 104 days on market, more than triple the sub-30-day clearance rates seen in 2021-2022. Only 24% of properties are closing above list price, confirming that bidding wars have largely evaporated and sellers are accepting at or below asking in most transactions.

This environment favors patient buyers with financing secured who can capitalize on the 8.3% price decline and negotiate on homes sitting past 90 days. Sellers facing relocation deadlines or holding costs should price aggressively given the 104-day absorption rate. Investors seeking rental yield over appreciation may find entry points, but the PropIQ score of 56 suggests limited upside momentum in the near term.

The PropIQ intelligence score of 56 signals caution rather than opportunity, indicating underlying fundamentals haven't stabilized enough to support price recovery. Monitor whether days on market begins compressing below 90 days or if the percentage selling above list climbs past 30%, both leading indicators of demand returning. Current data suggests continued sideways-to-soft pricing through Q2 2026 unless inventory tightens materially or rate conditions shift dramatically.