78751
Austin, Texas

The 78751 market shows continued price appreciation with a median sale price of $707,000, up 12.6% year-over-year, significantly outpacing national averages. However, momentum indicators reveal softening demand, with homes averaging 108 days on market and only 8% of properties selling above list price. This extended DOM suggests the aggressive bidding wars that characterized previous years have largely dissipated, leaving sellers with less pricing power despite the positive annual return.

This environment favors patient buyers willing to negotiate, as the 108-day DOM provides substantial time for due diligence and multiple property evaluations without pressure. The 8% above-ask rate means 92% of transactions close at or below listing price, creating room for offer strategy. Sellers who purchased before 2024 can still capture meaningful equity with the 12.6% annual gain, but recent buyers face a longer hold period given the decelerated transaction velocity and minimal bidding competition.

The PropIQ score of 61 signals caution rather than distress, indicating this market requires active monitoring as appreciation may not sustain at current rates. With DOM extending beyond three months and minimal premium pricing,watch for inventory accumulation as a leading indicator of further softening. The divergence between strong year-over-year gains and weak real-time demand metrics suggests 78751 is transitioning from a seller's market toward equilibrium, making Q2 2026 data critical for confirming directional trend.