78717
Austin, Texas
Austin 78717 is stable.
The 78717 ZIP code in Austin, Texas has a median sale price of $585K, up +4.3% year-over-year. Homes spend an average of 78 days on market, with 13% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
# Market Report: ZIP 78717, Austin TX
The 78717 market closed February 2026 with a median sale price of $585,000, up 4.3% year-over-year, indicating modest appreciation in an environment where inventory is moving slower than historical norms. Homes are spending an average of 78 days on market, well above the sub-30-day velocity seen during peak Austin demand cycles. Only 13% of closed transactions exceeded asking price, signaling that bidding wars have largely evaporated and sellers are accepting terms closer to initial list values.
This environment favors methodical buyers with financing contingencies who can negotiate without competing offers. The 78-day market cycle allows time for thorough inspections and appraisal reviews that were compressed during tighter inventory periods. Sellers with equity accumulated before 2022 can still extract gains from the 4.3% annual appreciation, but recent buyers attempting to flip properties face margin compression given the limited premium above list price that current conditions support.
The PropIQ score of 65 reflects caution rather than distress, suggesting the market has stabilized but lacks catalysts for acceleration. Price growth at 4.3% barely outpaces inflation, indicating flat real returns that discourage speculative activity. Monitor days-on-market trends and the percentage of above-ask sales in coming quarters; further deterioration in either metric would push the PropIQ score toward bearish territory below 60, while improvement above 20% selling over ask would signal renewed buyer urgency.
What is the median home price in 78717 Austin?
The median sale price in 78717 is $585K, up +4.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78717?
Homes in 78717 Austin spend an average of 78 days on market before going under contract.
Is Austin 78717 a good place to invest in real estate?
Folio's PropIQ™ score for 78717 is 65/100 — a Caution signal. 13% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 78717?
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 65 = Caution in 78717 Austin, Texas.