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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
September 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 September 2026. Source: Realtor.com.

The AUSTIN, TX real estate market (78723) currently shows 199 active listings, with 37 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 71 days on market compared to 67 days last year.

The median listing price has fallen 9.2% year-over-year, from $550,000 to $499,450.

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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
199
⇩ 9.1% vs 219 last year
Pending
37
19% pending ratio
Median Price
$499,450
⇩ 9.2% vs $550,000 last year
Average Price
$545,104
⇩ 7.8% vs $591,217 last year
Days on Market
71
⇧ 6% vs 67 days last year

Price Per Square Foot

Median $/sqft
$335
⇩ 6.2% vs $357/sqft last year
Median Home Size
1,538 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 199 this year vs 219 last year
  • Days on market: 71 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $499,450 (-9.2% YoY)
  • Average: $545,104 (-7.8% 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 September 2026, there are 199 active listings in AUSTIN, TX (zip code 78723), compared to 219 the prior year.

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

The median listing price in AUSTIN, TX 78723 is $499,450 as of September 2026, a 9.2% decrease from $550,000 the prior year.

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

Homes in AUSTIN, TX 78723 spend an average of 71 days on the market before going under contract, compared to 67 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 September 2026, AUSTIN, TX 78723 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 71 days on market compared to 67 days last year.

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 $9,989 compared to a typical 5% commission on the median listing price of $499,450. 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.