78729
Austin, Texas
Austin 78729 is stable.
The 78729 ZIP code in Austin, Texas has a median sale price of $460K, up +13.6% year-over-year. Homes spend an average of 81 days on market, with 16% of homes selling above list price.
Folio's PropIQ™ score of 70 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
ZIP code 78729 posts a median sale price of $460,000 as of February 2026, marking a 13.6% year-over-year increase that outpaces typical market appreciation. Homes are moving at a measured pace with an average 80.5 days on market, while only 16% of properties close above asking price. This combination signals a market that has cooled from previous seller-dominated conditions but maintains upward price momentum driven by Austin's continued demand pressures.
The 80.5-day marketing period and limited bidding wars create favorable conditions for primary-residence buyers who require time for due diligence and financing approval. Sellers with properly priced assets still capture double-digit appreciation on exit, making this viable for those with 3-5 year hold periods. Investors face compressed margins given the 16% above-ask rate suggests limited panic buying to exploit, though the 13.6% annual gain exceeds most fixed-income alternatives for buy-and-hold strategies.
The PropIQ score of 70 indicates equilibrium with no strong directional bias, suggesting the 13.6% appreciation rate may moderate as days-on-market metrics show normalization. Monitoring absorption rates and employment data in Austin's tech sector becomes critical, as any softening would likely push days-on-market beyond 90 and compress the above-list percentage further. The neutral signal warrants quarterly re-evaluation rather than immediate action on either buy or sell decisions.
What is the median home price in 78729 Austin?
The median sale price in 78729 is $460K, up +13.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78729?
Homes in 78729 Austin spend an average of 81 days on market before going under contract.
Is Austin 78729 a good place to invest in real estate?
Folio's PropIQ™ score for 78729 is 70/100 — a Neutral Watch signal. 16% of homes sold above asking.
What does a PropIQ™ score of 70 mean for 78729?
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 70 = Neutral Watch in 78729 Austin, Texas.