78709
Austin, Texas
Austin 78709 needs watching.
The 78709 ZIP code in Austin, Texas has a median sale price of $550K, down N/A year-over-year. Homes spend an average of 80 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78709.
The 78709 market has stalled with a median sale price of $550,000 showing zero year-over-year appreciation, a significant departure from Austin's historically robust growth trajectory. Properties are averaging 80 days on market, well above the quick-turnover thresholds seen in competitive environments. The complete absence of homes selling above list price confirms that seller pricing power has evaporated, with transaction dynamics now clearly favoring the demand side of the equation.
This environment serves buyers with extended timelines who can leverage the 80-day average DOM to negotiate methodically below asking prices. Sellers with equity cushions built from previous appreciation cycles can still exit profitably at the $550,000 median, but those who purchased in the past 18 months face margin compression. Investors seeking cash flow over appreciation may find entry points, though the flat price trajectory eliminates speculative upside that characterized earlier market phases.
The PropIQ score of 27 signals deteriorating fundamentals that typically precede further price weakness rather than stabilization. With no homes commanding premiums and extended marketing periods becoming normalized, the data suggests continued downward pressure on list prices through Q1 2024. Monitor inventory accumulation rates and any movement in days-on-market metrics; sustained levels above 75 days historically correlate with 5-8% price corrections in Austin's central submarkets.
What is the median home price in 78709 Austin?
The median sale price in 78709 is $550K, down N/A year-over-year as of 2024-11-30.
How long do homes stay on the market in Austin 78709?
Homes in 78709 Austin spend an average of 80 days on market before going under contract.
Is Austin 78709 a good place to invest in real estate?
Folio's PropIQ™ score for 78709 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 78709?
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 27 = Caution in 78709 Austin, Texas.