78653
Austin, Texas
Austin 78653 needs watching.
The 78653 ZIP code in Austin, Texas has a median sale price of $348K, down -3.4% year-over-year. Homes spend an average of 99 days on market, with 11% 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 78653.
# Market Report: ZIP Code 78653
The 78653 market is experiencing a price correction, with the median sale price settling at $347,843, down 3.4% year-over-year. Homes are averaging 99 days on market, indicating a shift from the rapid-turnover environment of previous years. Only 11% of properties are selling above list price, confirming that seller pricing power has diminished substantially. This extended market time and reduced competition reflects a normalization phase where properties require proper pricing strategy to transact.
These conditions favor patient buyers with financing secured who can leverage the 99-day average DOM to negotiate. Sellers who purchased before 2023 retain sufficient equity to price competitively and still close profitably. Investors seeking immediate cash flow should proceed cautiously given the 3.4% depreciation trend, though those with 3-5 year hold periods may find the $347,843 entry point workable if rental demand remains stable. Rush buyers and overleveraged flippers face the highest risk in this environment.
The PropIQ score of 55 signals caution, suggesting market fundamentals remain uncertain with downside risk not yet fully resolved. The negative price trajectory combined with elevated days on market indicates further softening is possible if inventory continues accumulating. Buyers should monitor whether DOM extends beyond 100 days and if the percentage selling above list drops below 10%, both indicating deeper buyer resistance. Price stabilization requires DOM contraction or absorption rate improvement.
What is the median home price in 78653 Austin?
The median sale price in 78653 is $348K, down -3.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78653?
Homes in 78653 Austin spend an average of 99 days on market before going under contract.
Is Austin 78653 a good place to invest in real estate?
Folio's PropIQ™ score for 78653 is 55/100 — a Caution signal. 11% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 78653?
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 78653 Austin, Texas.