78749 Real Estate Market Update: What the Last 90 Days Tell Us
The 78749 housing market continues to be one of the more interesting markets in Southwest Austin. Looking at everything currently active, under contract and pending, along with the 113 homes that closed over the last 90 days, the market isn't necessarily slow—it's selective. The median closed price was $575,000, while the average was about $588,000. Closed homes sold for an average of 98.7% of their list price, so buyers are getting some negotiating room, but we're definitely not seeing sellers universally give their houses away.
Why South West Austin Ages So Well
South West Austin has something you can’t fake, manufacture, or fast-track.
Time.
Most of South Austin is already built out. We’re not seeing massive waves of new construction like you do in Buda, Kyle, Manor, or Pflugerville. And when you do see new construction pop up in South Austin, it’s usually smaller lots, condos, or higher-density product. Why? Because from a builder’s perspective, tighter spacing equals higher ROI. More doors. Less land per house. Bigger margins.
That formula works. It just creates a very specific kind of neighborhood.