78652
Austin, Texas

ZIP code 78652 has shifted decisively into buyer territory, with the median sale price dropping to $437,000, down 21.3% year-over-year. Homes are averaging 234 days on market, nearly eight months, indicating significant inventory accumulation and minimal urgency among buyers. Only 6% of properties are closing above list price, confirming that seller pricing power has evaporated and negotiation leverage has reversed from conditions seen in prior years.

This environment heavily favors patient, cash-strong buyers who can exploit the 234-day marketing window to negotiate aggressively below asking prices. Investors seeking rental yield rather than appreciation should find entry points, though the 21.3% decline suggests continued downward pressure on valuations. Sellers face unfavorable conditions and should consider delaying unless circumstances force transactions, as the 6% above-list metric indicates minimal competition for their properties.

The PropIQ score of 55 signals caution, suggesting the market hasn't stabilized and further price discovery is likely through 2026. The combination of extended days-on-market and double-digit price depreciation indicates demand hasn't absorbed current supply levels. Buyers should monitor whether DOM begins contracting below 180 days and the above-list percentage climbs toward 15-20% before anticipating any meaningful price floor formation in this ZIP code.