78628
Austin, Texas
Austin 78628 needs watching.
The 78628 ZIP code in Austin, Texas has a median sale price of $478K, down -6.6% year-over-year. Homes spend an average of 142 days on market, with 11% 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 78628.
ZIP code 78628 shows clear buyer leverage with a median sale price of $478,000, down 6.6% year-over-year, while homes sit an average of 142 days before selling. Only 11% of properties close above asking price, indicating limited competition and weakened seller pricing power. This extended marketing period represents a near-tripling from peak market conditions when properties moved in 30-45 days, signaling a fundamental shift from the 2021-2022 seller's market.
This environment heavily favors patient buyers with financing secured and flexible timelines who can negotiate below-list offers on the 89% of homes selling at or under asking. Cash investors seeking rental yields should find motivated sellers after nearly five months of carrying costs, particularly on properties exceeding 150 days on market. Sellers face meaningful headwinds and should avoid listing unless pricing 8-10% below recent comparables or prepared for extended holding periods.
The PropIQ score of 51 signals continued caution, suggesting prices haven't yet found a floor in this ZIP code. Inventory absorption rates and any movement in days-on-market below 120 days would indicate stabilization, but current data points toward further softening through Q2 2026. Monitor the percentage selling above list price—any increase above 15% would represent the first meaningful demand inflection point.
What is the median home price in 78628 Austin?
The median sale price in 78628 is $478K, down -6.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78628?
Homes in 78628 Austin spend an average of 142 days on market before going under contract.
Is Austin 78628 a good place to invest in real estate?
Folio's PropIQ™ score for 78628 is 51/100 — a Caution signal. 11% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 78628?
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 78628 Austin, Texas.