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Mlk Oriens Park Pecan Springs-Springdale Rmma University Hills Upper Boggy Creek Wilshire Wood (Delwood) Windsor Park

AUSTIN, TX 78723

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 78723

Mlk · Oriens Park · Pecan Springs-Springdale · Rmma · University Hills · Upper Boggy Creek · Wilshire Wood (Delwood) · Windsor Park

Market Analysis

Data as of March 2026. Source: Realtor.com.

The AUSTIN, TX real estate market (78723) currently shows 195 active listings, with 48 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice.

The median listing price has fallen 3.8% year-over-year, from $595,000 to $572,500.

Whether you are buying or selling in AUSTIN, TX, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 37,000  ·  Density: 2,023.9/mi²  ·  Median household income: $81,986

Typical home value: $461,849  ·  Homeownership: 48.6%

Market Overview

Active Listings
195
⇧ 19.6% vs 163 last year
Pending
48
25% pending ratio
Median Price
$572,500
⇩ 3.8% vs $595,000 last year
Average Price
$610,931
⇩ 3.9% vs $635,955 last year
Days on Market
44
vs 44 days last year

Price Per Square Foot

Median $/sqft
$364
⇩ 4.7% vs $382/sqft last year
Median Home Size
1,606 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 195 this year vs 163 last year
  • Days on market: 44 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $572,500 (-3.8% YoY)
  • Average: $610,931 (-3.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 1,439 listings ($913,180,112 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
78723Austin, TX 787230.0 mi163$101,742,481$574,998$624,187
78752Austin, TX 787522.2 mi60$33,831,600$396,750$563,860
78721Austin, TX 787212.3 mi87$46,510,374$525,000$534,602
78702Austin, TX 787023.3 mi209$155,597,783$649,475$744,487
78701Austin, TX 787014.1 mi224$261,390,976$739,500$1,166,924
78724Austin, TX 787244.3 mi73$32,797,513$426,000$449,281
78754Austin, TX 787544.5 mi86$33,362,066$370,000$387,931
78741Austin, TX 787415.4 mi120$47,054,400$332,475$392,120
78708Austin, TX 787085.7 mi1$199,000$199,000$199,000
78758Austin, TX 787585.9 mi105$39,504,360$365,999$376,232
78725Austin, TX 787256.6 mi53$15,889,029$278,000$299,793
78759Austin, TX 787598.1 mi107$80,299,862$559,500$750,466
78744Austin, TX 787448.9 mi151$65,000,668$384,903$430,468

Frequently Asked Questions

How many homes are for sale in AUSTIN, TX 78723?

As of March 2026, there are 195 active listings in AUSTIN, TX (zip code 78723), compared to 163 the prior year.

What is the median home price in AUSTIN, TX 78723?

The median listing price in AUSTIN, TX 78723 is $572,500 as of March 2026, a 3.8% decrease from $595,000 the prior year.

How long do homes stay on the market in AUSTIN, TX?

Homes in AUSTIN, TX 78723 spend an average of 44 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in AUSTIN, TX 78723?

Based on current inventory and days-on-market data as of March 2026, AUSTIN, TX 78723 is currently a Balanced Market. Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice.

How much can I save on real estate commission in AUSTIN, TX?

With SELL123.com's maximum 3% commission, sellers in AUSTIN, TX 78723 save an estimated $11,450 compared to a typical 5% commission on the median listing price of $572,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.