Is Austin, TX 78731 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Austin is a seller’s market. With about 3.8 months of supply and 18% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.8Under 4 months = seller’s market

Sold above original list17.6%Share of sales, last 3 months

Median sale-to-list97%Sold price ÷ list price

Median days on market56Listing to accepted offer

Median price per sq ft$420▼ −6.6% vs. last year

Run the numbers for 78731

Prefilled for 78731Can I win this house?Multiple-offer likelihood for a listing Prefilled for 78731Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Austin 78701Buyer’s market $705 /sq ft Austin 78702Buyer’s market $430 /sq ft Austin 78703Buyer’s market $565 /sq ft Austin 78704Buyer’s market $507 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology