78748
Austin, Texas
Austin 78748 needs watching.
The 78748 ZIP code in Austin, Texas has a median sale price of $425K, down -3.3% year-over-year. Homes spend an average of 81 days on market, with 14% 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 78748.
The 78748 market has shifted decisively in favor of buyers, with the median sale price settling at $425,000 after declining 3.3% year-over-year. Homes now average 81 days on market, well above Austin's pandemic-era norms, while only 14% of properties close above asking price. This represents a fundamental reversal from the bidding wars that characterized this ZIP code through 2022, creating the first sustained price depreciation in over a decade.
Cost-conscious first-time buyers gain the most leverage in current conditions, as the 81-day market cycle allows time for inspections and negotiations that were impossible when competition was fierce. Investors seeking cash-flowing rentals should recalibrate expectations, since the 3.3% price decline suggests cap rates haven't compressed enough to offset carrying costs. Sellers with equity built before 2021 can still exit profitably, but recent buyers face potential losses if they need liquidity now.
The PropIQ score of 55 signals continued weakness, suggesting prices may drift lower another 2-4% before stabilizing. The 14% above-ask rate indicates insufficient demand to absorb inventory at current pricing levels. Buyers should monitor days-on-market trends monthly; any movement back toward 60 days would signal the bottom, while extension past 90 days confirms further price discovery ahead.
What is the median home price in 78748 Austin?
The median sale price in 78748 is $425K, down -3.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78748?
Homes in 78748 Austin spend an average of 81 days on market before going under contract.
Is Austin 78748 a good place to invest in real estate?
Folio's PropIQ™ score for 78748 is 55/100 — a Caution signal. 14% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 78748?
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 78748 Austin, Texas.