78724
Austin, Texas
Austin 78724 is stable.
The 78724 ZIP code in Austin, Texas has a median sale price of $369K, up +13.9% year-over-year. Homes spend an average of 98 days on market, with 14% 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.
The 78724 ZIP code shows a median sale price of $368,960 with a robust 13.9% year-over-year appreciation, though market velocity has slowed considerably with homes averaging 98 days on market. Only 14% of properties are closing above list price, down from the elevated levels seen in previous years, indicating reduced competition among buyers. This deceleration in transaction speed suggests the post-pandemic frenzy has definitively ended in this northeast Austin submarket.
Buyers gain clear advantages under these conditions, with 98 days on market providing extended negotiation windows and minimal bidding war risk given the 14% above-list figure. Sellers who purchased before the recent appreciation cycle can still capture the 13.9% annual gain, but must price accurately from listing day to avoid extended market time. Investors seeking cash flow over speculation will find the $368,960 entry point accessible, though the PropIQ score of 65 signals this isn't a momentum play.
The 65 PropIQ rating indicates structural caution factors that warrant deeper investigation into inventory trends, employment data, and new construction pipelines in the area. Markets with triple-digit days on market and single-digit above-list percentages typically face continued cooling unless external demand drivers emerge. Monitor whether days on market extend beyond 100 and if price growth moderates below 10% year-over-year in coming quarters as leading indicators of further normalization.
What is the median home price in 78724 Austin?
The median sale price in 78724 is $369K, up +13.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78724?
Homes in 78724 Austin spend an average of 98 days on market before going under contract.
Is Austin 78724 a good place to invest in real estate?
Folio's PropIQ™ score for 78724 is 65/100 — a Caution signal. 14% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 78724?
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 78724 Austin, Texas.