78731
Austin, Texas
Austin 78731 needs watching.
The 78731 ZIP code in Austin, Texas has a median sale price of $990K, down -5.5% year-over-year. Homes spend an average of 100 days on market, with 6% 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 78731.
The 78731 market shows clear deceleration with the median sale price at $989,990, down 5.5% year-over-year, while homes sit an average 100 days before selling. Only 6% of properties close above asking price, indicating minimal competition among buyers. This marks a significant shift from Austin's recent seller-driven dynamics, with inventory absorption slowing considerably and price pressure moving downward across transactions in this Central Austin corridor.
These conditions favor buyers with patient capital and strong negotiating positions. The 100-day marketing period gives purchasers time to conduct thorough due diligence without bidding pressure, while the 94% of homes selling at or below list price creates room for offer adjustments. Sellers face headwinds and should price aggressively from listing day, as extended market time is now the norm rather than exception in this price tier.
The PropIQ score of 55 signals continued caution through the next quarter, suggesting the 5.5% decline may not have bottomed. Days-on-market trending toward triple digits typically precedes further price discovery, particularly in markets approaching seven figures where buyer pools narrow considerably. Monitor the percentage selling above list price—any movement below 5% would indicate additional downward pressure on valuations and potentially longer selling timelines ahead.
What is the median home price in 78731 Austin?
The median sale price in 78731 is $990K, down -5.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78731?
Homes in 78731 Austin spend an average of 100 days on market before going under contract.
Is Austin 78731 a good place to invest in real estate?
Folio's PropIQ™ score for 78731 is 55/100 — a Caution signal. 6% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 78731?
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 78731 Austin, Texas.