78747
Austin, Texas
Austin 78747 needs watching.
The 78747 ZIP code in Austin, Texas has a median sale price of $356K, down -11.0% year-over-year. Homes spend an average of 136 days on market, with 17% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78747.
# ZIP Code 78747 Market Report — Austin, TX
The 78747 market is experiencing significant downward pressure, with the median sale price settling at $356,095 after an 11.0% year-over-year decline. Homes are averaging 135.5 days on market, nearly triple the pace seen during Austin's peak demand period. Only 17% of properties are selling above list price, indicating sellers have lost pricing power and buyers are negotiating from positions of strength. This represents a clear shift from the seller-dominated environment that characterized this ZIP code through 2022 and early 2023.
These conditions favor patient buyers with financing secured and flexible timelines who can leverage the extended 135-day market exposure to negotiate below-ask deals. The 83% of homes selling at or below list creates room for price discovery and contingency negotiations. Cash investors seeking rental yield over appreciation should find motivated sellers, though the 11% price decline requires careful underwriting of basis. Sellers face headwinds and should avoid this market unless relocation or financial circumstances force a transaction within this window.
The PropIQ score of 60 signals caution, suggesting stabilization remains elusive and further price compression is possible before a floor emerges. The combination of declining prices and elevated inventory absorption time indicates demand has not yet matched supply at current price levels. Buyers should monitor whether days-on-market begins contracting below 120 days and whether the percentage of above-list sales approaches 25%, both signals that downward price adjustment is completing and the market is finding equilibrium.
What is the median home price in 78747 Austin?
The median sale price in 78747 is $356K, down -11.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78747?
Homes in 78747 Austin spend an average of 136 days on market before going under contract.
Is Austin 78747 a good place to invest in real estate?
Folio's PropIQ™ score for 78747 is 60/100 — a Caution signal. 17% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 78747?
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 60 = Caution in 78747 Austin, Texas.