Real Estate Market Update for 78731 (Austin, TX)
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up 48% from one year earlier, and up 4% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 2%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 610-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 14% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 78731 (Austin, TX)
Area Information for 78731 (Austin, TX)
  • Population: 26,904
  • Median Age: 38.03 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 3,131/sq mi
  • Population Change Since 2000: 8.03%
  • Closest Airport: Austin-bergstrom International
  • Closest College: Academy Of Oriental Medicine At Austin
  • Closest Jr. College: Austin Community College
  • Median Household Income: $80,303
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $520,312
  • Closest Major Sports Team: Round Rock Express (aaa)
  • Change Avg. Household Income Since 2000: 32.25%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 78731 (Austin, TX)
Median Age: 38.03 Married: 41% Number of Households: 13,346 Households with Children: 2,775
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 78731 (Austin, TX)

      School Name Distance Type Grades School Rating Parent Rating
      St. Theresas Catholic School 0.6 mi Catholic PRESCHOOL-8 0 0
      Doss Elementary School 0.6 mi Public K-5 5 0
      Murchison Middle School 0.7 mi Public 6-8 4 0
      International Montessori House Of Children 0.7 mi Private PRESCHOOL-1 0 0
      Austin Jewish Academy 1.0 mi Private K-8 0 0
      Huntington-surrey High School 1.1 mi Private 9-12 0 0
      Highland Park Elementary School 1.4 mi Public K-5 5 0
      The Children's School 1.8 mi Private PRESCHOOL-1 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 78731 (Austin, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.