78741
Austin, Texas
Austin 78741 needs watching.
The 78741 ZIP code in Austin, Texas has a median sale price of $370K, up +1.4% year-over-year. Homes spend an average of 72 days on market, with 4% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78741.
# Market Report: ZIP 78741, Austin TX
The 78741 market shows nominal appreciation with homes selling at a median price of $370,000, up just 1.4% year-over-year, barely outpacing inflation. Properties are averaging 71.5 days on market, indicating softened buyer urgency compared to Austin's previous velocity. Only 4% of homes are closing above asking price, a stark reversal from the bidding war environment that characterized this ZIP through 2022. The data reflects a market in transition from seller dominance to balanced or slightly buyer-favorable conditions.
This environment favors methodical buyers with financing contingencies who can negotiate inspection and repair credits that were previously off the table. The 71.5-day DOM window provides time for proper due diligence without competitive pressure. Investors seeking cash-flowing rental properties may find willing sellers after two-plus months of market exposure, particularly as the 4% above-ask figure suggests minimal competition for well-priced assets. Sellers with equity cushions and flexible timelines can still exit, but those requiring quick sales at premium pricing face headwinds.
The PropIQ score of 51 signals caution, suggesting price stability rather than growth in the near term. With less than one-twentieth of transactions exceeding list price, downward pricing pressure may intensify if DOM extends beyond 75-80 days. Monitor inventory accumulation and any movement in that 4% above-ask metric—a drop toward 2% would indicate further buyer leverage. Current conditions suggest a grinding sideways market absent external demand catalysts.
What is the median home price in 78741 Austin?
The median sale price in 78741 is $370K, up +1.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78741?
Homes in 78741 Austin spend an average of 72 days on market before going under contract.
Is Austin 78741 a good place to invest in real estate?
Folio's PropIQ™ score for 78741 is 51/100 — a Caution signal. 4% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 78741?
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 51 = Caution in 78741 Austin, Texas.