Is 78731, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 78731 was a Seller's Market.
Key Takeaway
78731 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 78731, TX
How much do homes in 78731, TX cost?
Median Sold Price
$1,024,500
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 78731 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 78731 was $1,024,500 in May 2024, down 3.1% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $275K | +1.1% |
| 2 Bedrooms | $400K | $454.6K | +13.7% |
| 3 Bedrooms | $933.7K | $950K | +1.7% |
| 4 Bedrooms | $1.3M | $1.2M | -10.1% |
| 5+ Bedrooms | $1.4M | $2.0M | +38.1% |
Summary: 78731 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 38.1%.
Housing Supply in 78731, TX
How many homes are available in 78731, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 169 | 210 | +24.3% |
Summary: The 78731 real estate market had 210 homes for sale in May 2024, a 24.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 9 | +125.0% |
| 2 Bedrooms | 30 | 38 | +26.7% |
| 3 Bedrooms | 47 | 55 | +17.0% |
| 4 Bedrooms | 61 | 77 | +26.2% |
| 5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The 78731 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 33 | +37.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78731, you may be able to get a good deal. 69.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 78731 in May 2024, up by 37.5% month-over-month. Of the 33 sold homes, 70% were sold under asking, 6% were sold at asking, and 24% were sold over asking.
Days on Market for 78731, TX
How long does it take to sell a home in 78731, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 31 Days | -34.9% |
Summary: Homes in 78731 had an average of 31 days on market in May 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 78731 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in 78731; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.