78634
Austin, Texas
Austin 78634 needs watching.
The 78634 ZIP code in Austin, Texas has a median sale price of $335K, down -6.9% year-over-year. Homes spend an average of 94 days on market, with 15% of homes selling above list price.
Folio's PropIQ™ score of 56 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78634.
# Market Report: ZIP 78634
The 78634 market has shifted decisively in favor of buyers, with the median sale price settling at $335,000 following a 6.9% year-over-year decline. Homes are averaging 94 days on market, indicating measured demand rather than urgency. Only 15% of properties are commanding above-list prices, signaling that sellers have lost pricing power compared to the competitive conditions of previous years. This represents a normalization from the post-pandemic frenzy, with inventory absorption rates suggesting a balanced to slightly soft market dynamic.
These conditions favor first-time buyers and value-focused purchasers who can afford extended due diligence periods. The 94-day market timeline allows for thorough inspections and financing arrangements without competitive pressure. Cash investors seeking rental yields should find negotiating leverage, particularly given that 85% of transactions close at or below asking price. Sellers face headwinds and should prioritize realistic pricing strategies, as the data indicates limited tolerance for optimistic positioning in current conditions.
The PropIQ score of 56 reflects underlying caution signals that warrant monitoring through Q2 2026. With prices declining while inventory duration extends, further softening remains possible if days-on-market trends above 100. The 15% above-list metric suggests a small cohort of premium properties still command competition, indicating potential bifurcation between move-in ready homes and those requiring updates. Economic shifts or interest rate movements could accelerate the current trajectory in either direction.
What is the median home price in 78634 Austin?
The median sale price in 78634 is $335K, down -6.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78634?
Homes in 78634 Austin spend an average of 94 days on market before going under contract.
Is Austin 78634 a good place to invest in real estate?
Folio's PropIQ™ score for 78634 is 56/100 — a Caution signal. 15% of homes sold above asking.
What does a PropIQ™ score of 56 mean for 78634?
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 56 = Caution in 78634 Austin, Texas.