78762
Austin, Texas

The 78762 market has shifted decisively into buyer territory, with the median sale price declining to $371,250, down 12.6% year-over-year. Homes are averaging 108.5 days on market, nearly triple the pace seen during Austin's 2021-2022 peak period. Zero percent of properties are closing above asking price, indicating sellers have lost pricing leverage entirely. This correction reflects both rising inventory levels and weakened demand as mortgage rates and economic uncertainty have sidelined previously aggressive buyers in this central Austin corridor.

First-time buyers and patient investors gain maximum advantage under these conditions, as the 108-5-day marketing period creates negotiating room that didn't exist 18 months ago. Buyers can conduct thorough due diligence, request repairs, and submit below-ask offers without facing competition. Sellers face a challenging environment and should price at or below recent comparables to avoid extending their days-on-market beyond the current 108.5-day average. Cash buyers and those with pre-approved financing hold disproportionate leverage in this decelerated market.

The PropIQ score of 27 signals continued caution, suggesting further price discovery remains likely before stabilization occurs. With zero above-ask sales and extended marketing times, leading indicators point to an additional 5-8% downside risk through Q3 2026 unless interest rates drop substantially. Prospective buyers should monitor monthly sales volume and DOM trends—any movement below 90 days would indicate demand recovery, while increases beyond 120 days would confirm deeper market softening requiring additional price adjustments from sellers.