78644
Austin, Texas
Austin 78644 needs watching.
The 78644 ZIP code in Austin, Texas has a median sale price of $273K, down -9.0% year-over-year. Homes spend an average of 87 days on market, with 10% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78644.
The 78644 market has shifted decisively toward buyers, with the median sale price settling at $273,000 after a 9.0% year-over-year decline. Homes are averaging 87 days on market, indicating softened demand compared to the region's historically tight inventory conditions. Only 10% of properties are closing above list price, a sharp contrast to the bidding wars that characterized this Austin-area ZIP in previous years. This pricing pressure suggests sellers are recalibrating expectations while inventory absorption slows measurably.
First-time buyers and value-focused investors gain the most advantage under current conditions, as the 9.0% price correction and extended 87-day marketing period create negotiating leverage absent from this market in years. The 10% above-list close rate means 90% of transactions settle at or below asking, allowing for inspection-contingent offers and fewer waived protections. Cash-flow investors can model lower acquisition costs, though rental demand strength requires independent verification given the price depreciation trend currently underway.
The PropIQ score of 55 signals continued caution, suggesting stabilization remains several quarters away rather than an imminent recovery. Buyers should monitor whether days-on-market extends beyond 90 or contracts toward 60, as directional change in absorption will precede price movement. The year-over-year decline may moderate if the score trends above 60 in subsequent months, but current data supports a wait-and-see approach for sellers and continued selectivity for buyers through mid-2026.
What is the median home price in 78644 Austin?
The median sale price in 78644 is $273K, down -9.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78644?
Homes in 78644 Austin spend an average of 87 days on market before going under contract.
Is Austin 78644 a good place to invest in real estate?
Folio's PropIQ™ score for 78644 is 55/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 78644?
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 55 = Caution in 78644 Austin, Texas.