Spring Market Update for 78749 (Southwest Austin)

As we move into the spring market, activity in the 78749 zip code is starting to pick up. There are currently over 100 homes either active, under contract, pending, or closed recently, which is typical for this time of year as buyers begin re-entering the market after the winter slowdown. The average home in this dataset sits around 1,974 square feet and was built in the early 1990s, which reflects the established nature of the neighborhoods in this part of Southwest Austin.

Looking at pricing trends, the average closed sale price over the last 30 days came in around $615,768 with a median sale price of about $594,500. The highest sale in the dataset closed at $1,010,000, while the lowest sale was $300,000, showing the wide range of housing options in 78749 from smaller condos and townhomes to larger single-family homes in neighborhoods like Western Oaks and Circle C. Homes are averaging about $282 per square foot sold, which remains relatively consistent with pricing trends we’ve seen across Southwest Austin over the past year.

Time on market is also telling an interesting story. The average days on market for closed homes was about 44 days, although there is a large range depending on price point and condition. Some homes sold in just a few days, while others took several months to move. In general, the homes that sold quickly were well-priced and move-in ready, while properties that lingered often required updates or were priced aggressively relative to the market.

Overall, the 78749 market appears stable heading into spring. Inventory is healthy, buyers are active, and pricing remains relatively consistent for established Southwest Austin neighborhoods. As we get closer to late spring and early summer, it will be interesting to watch whether increased buyer activity pushes prices upward or whether the current inventory levels keep the market balanced.