78799
Austin, Texas
Austin 78799 needs watching.
The 78799 ZIP code in Austin, Texas has a median sale price of $673K, up +0.4% year-over-year. Homes spend an average of 93 days on market, with 3% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78799.
The 78799 market shows near-stagnant appreciation with median prices at $672,500, up just 0.4% year-over-year, suggesting the post-pandemic surge has evaporated. Homes are taking 93 days to sell, indicating weak urgency among buyers and a shift toward normalized absorption rates. Only 3% of properties close above asking price, confirming sellers have lost pricing power and the bidding war environment has completely dissipated in this ZIP code.
This environment favors patient buyers with financing already secured who can negotiate during the three-month average marketing period. Sellers facing non-discretionary moves should price at or below recent comparables given the 97% rate of at-or-below-list transactions. Investors seeking cash flow over appreciation may find willing sellers, but the 0.4% growth rate offers minimal equity upside and requires underwriting based purely on rental yields rather than speculative gains.
The PropIQ score of 51 signals neither bullish momentum nor distressed conditions, instead pointing to continued sideways price movement through the next two quarters. Monitoring days-on-market trends will indicate whether the 93-day average extends further, which would pressure sellers into additional concessions. Without demand catalysts, this market likely remains range-bound between modest appreciation and slight depreciation depending on inventory fluctuations and mortgage rate movements.
What is the median home price in 78799 Austin?
The median sale price in 78799 is $673K, up +0.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Austin 78799?
Homes in 78799 Austin spend an average of 93 days on market before going under contract.
Is Austin 78799 a good place to invest in real estate?
Folio's PropIQ™ score for 78799 is 51/100 — a Caution signal. 3% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 78799?
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 51 = Caution in 78799 Austin, Texas.