78953
Austin, Texas
Austin 78953 needs watching.
The 78953 ZIP code in Austin, Texas has a median sale price of $910K, up +114.6% year-over-year. Homes spend an average of 100 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 42 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78953.
ZIP code 78953 shows a median sale price of $910,000 with an extraordinary year-over-year increase of 114.6%, though this dramatic appreciation likely reflects small sample size volatility rather than sustained demand fundamentals. Properties are averaging 100 days on market, significantly above the typical 30-45 day absorption rate in competitive segments. Zero homes have sold above list price in the current period, indicating buyers maintain negotiating leverage despite the elevated median price point.
This market favors patient buyers with strong financing who can capitalize on the 100-day marketing period to conduct thorough due diligence and negotiate terms. Sellers facing realistic timelines should note the absence of above-list transactions, requiring accurate pricing strategies from initial listing. Investors seeking quick appreciation should avoid this ZIP given the extended DOM and lack of competitive bidding dynamics that typically drive momentum plays.
The PropIQ score of 42/100 signals material caution flags in underlying market health metrics. The combination of triple-digit YoY growth with zero above-list sales and extended marketing times suggests prior comparables may not support current valuations. Monitor month-over-month inventory accumulation and any further DOM extension beyond 100 days as indicators of price correction pressure in coming quarters.
What is the median home price in 78953 Austin?
The median sale price in 78953 is $910K, up +114.6% year-over-year as of 2024-10-31.
How long do homes stay on the market in Austin 78953?
Homes in 78953 Austin spend an average of 100 days on market before going under contract.
Is Austin 78953 a good place to invest in real estate?
Folio's PropIQ™ score for 78953 is 42/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 42 mean for 78953?
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 42 = Caution in 78953 Austin, Texas.