78745
Austin, Texas

The 78745 market shows cooling conditions with a median sale price of $458,000, down 1.7% year-over-year, marking a shift from Austin's previous appreciation trajectory. Homes are averaging 85 days on market, significantly longer than the sub-30-day inventory churn seen during peak conditions. Only 15% of properties are selling above list price, indicating diminished competitive pressure and a rebalancing of negotiating leverage between buyers and sellers in this South Austin corridor.

These conditions favor price-sensitive buyers who can absorb longer search timelines and negotiate concessions that were unavailable 18 months ago. The 85-day market absorption period allows for thorough due diligence and multiple offer comparisons without facing immediate bidding wars. Sellers with flexible timelines can still transact near asking price, but those requiring quick exits face a materially different environment than the sub-week sales cycles of 2021-2022, when 70-80% of listings exceeded asking prices.

The PropIQ score of 60 signals neutral-to-cautious conditions, suggesting price stabilization rather than aggressive recovery in the near term. The 1.7% decline and extended days-on-market metrics indicate continued inventory normalization, requiring monitoring of employment data and mortgage rate movements that will determine whether this zone establishes a new price floor or experiences further contraction. Transaction volume and days-on-market trends over the next 90 days will confirm whether buyer hesitation persists or demand re-accelerates.