Real Estate Market Update for 78748 (Austin, TX)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 5% from one year earlier, and up 10% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 51%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold decreased 19% year-over-year, and decreased 13% 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.
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Map Information for 78748 (Austin, TX)
Area Information for 78748 (Austin, TX)
  • Population: 49,597
  • Median Age: 33.95 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,913/sq mi
  • Population Change Since 2000: 90.89%
  • Closest Airport: Austin-bergstrom International
  • Closest College: St Edwards University
  • Closest Jr. College: Southwest Institute Of Technology
  • Median Household Income: $67,024
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $237,441
  • Closest Major Sports Team: Round Rock Express (aaa)
  • Change Avg. Household Income Since 2000: 20.72%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 78748 (Austin, TX)
Median Age: 33.95 Married: 36% Number of Households: 19,689 Households with Children: 6,292
    • 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 78748 (Austin, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Casey Elementary School 0.9 mi Public PRESCHOOL-5 3 0
      Kocurek Elementary School 1.0 mi Public PRESCHOOL-5 3 0
      Paredes Middle School 1.0 mi Public 6-8 1 0
      Jl Smith Academy At Austin 1.1 mi Private PRESCHOOL-8 0 0
      White Bird Montessori School 1.2 mi Private PRESCHOOL-K 0 0
      Austin Childrens Montessori 1.3 mi Private PRESCHOOL-1 0 0
      Cowan Elementary School 1.6 mi Public PRESCHOOL-5 5 0
      Menchaca Elementary School 1.7 mi Public PRESCHOOL-5 4 0
      Akins High School 1.8 mi Public 9-12 3 3
      Baranoff Elementary School 1.8 mi Public K-5 5 0
      Primrose School Of Shady Hollow 2.1 mi Private PRESCHOOL-K 0 0
      Williams Elementary School 2.3 mi Public PRESCHOOL-5 3 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 © 2015. School Performance data by School Review data by
      Local Weather for 78748 (Austin, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.