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78704 Real Estate: South Central Austin Update, Oct 2026

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October 23, 2026

78704 Real Estate: South Central Austin Update, Oct 2026

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Broken Spoke dance hall on South Lamar in Austin, Texas

Ok, here’s the real deal on 78704 real estate this fall: buyers have the upper hand. In the last 30 days, 37 homes sold in South Central Austin at a median of $890,000, but 49 listings came off the market without selling. With 316 homes for sale, that’s about 8.5 months of supply, the highest of the areas I tracked this month.

These are my own numbers from Unlock MLS, pulled October 19, 2026, covering all residential sales in 78704 from September 19 to October 19. That’s Zilker, Barton Hills, Bouldin Creek, Travis Heights and South Congress.

Key takeaways

  • 316 active listings, 49 under contract or pending, 37 closed sales.
  • Median sale: $890,000. Median days on market: 28.
  • About 8.5 months of supply. That’s a buyer’s market by most measures.
  • 49 listings left unsold (36 withdrawn, 13 expired), more than the number that sold.
  • Homes that sold in their first week (9 of them) got about 99% of their original price.

Is 78704 a buyer’s market right now?

Yes. With 8.5 months of supply, buyers in 78704 can take their time, compare and negotiate. On average, homes closed at about 94% of their original list price.

Here’s the twist, though: the median home that sold did it in about 28 days. So the right home at the right price still moves fast in 78704. Everything else sits. The gap between priced-right and overpriced is huge here.

Have you been eyeing a house in 78704 that’s been on the market for a while? That might be your opening.

Key takeaways graphic for 78704 real estate in South Central Austin, October 2026

What do homes cost in 78704?

The median sale was $890,000. That includes condos near South Lamar and South Congress as well as single-family homes in Zilker, Bouldin and Travis Heights, so prices swing a lot by street and home type. A condo can get you into the ZIP code for a lot less than a house near the park.

Want to know what your 78704 home would sell for, or what’s sitting? Text 78704 to 563.650.0452 and I’ll send recent sales near your street or homes that just dropped their price.

By the numbers graphic showing an $890,000 median sale and 8.5 months of supply in 78704

What’s changing around Zilker and Barton Springs?

The historic bathhouse at Barton Springs Pool got a long-awaited makeover. Its renovated restrooms and changing rooms reopened in late October 2025, with more accessible facilities and the same historic look.

And longer term, Austin’s light rail plan crosses Lady Bird Lake. The Federal Transit Administration signed off on the environmental review in January 2026, with construction expected to start in 2027 and service slated for 2033, per The Daily Texan.

What’s it like living in 78704?

It’s the Austin you see on postcards. You’ve got Barton Springs and Zilker Park, the trails along Barton Creek, food trucks on South First, shopping and live music on South Congress, and some of the oldest, most charming streets in the city. Travis Heights has big trees and hilly streets. Bouldin feels like a little village. Barton Hills backs up to the greenbelt.

The trade-offs: older homes that need updates, small lots, and South Congress crowds on weekends. Always get a full inspection, including the foundation and sewer line.

My honest take

Sellers in 78704: the market will still pay up for a great home at the right price. But if you list high and wait, the numbers say you’re more likely to come off the market unsold than to sell. Price it right in week one.

Buyers: this is a lot more room to negotiate than 78704 buyers are used to. Look at homes that have been sitting 45+ days and make a real offer, with repairs or closing costs on the table.

FAQs About 78704 Real Estate

What is the median home price in 78704?

In my Unlock MLS search, the median sale in 78704 from September 19 to October 19, 2026 was $890,000, including houses, townhomes and condos.

Is 78704 a buyer’s market?

Yes, by most measures. There were 316 active listings and 37 closed sales in the last 30 days, about 8.5 months of supply.

What neighborhoods are in 78704?

78704 includes Zilker, Barton Hills, Bouldin Creek, Travis Heights and the South Congress area, among others.

How fast do homes sell in 78704?

Well-priced homes still sell quickly. The median closed sale took about 28 days, and homes that sold in their first week got about 99% of their original price.

Are condos a good way to buy in 78704?

They can be. A condo or townhome can get you into the ZIP code for a lot less than a house near the park. Check the HOA dues, what they cover, and how many units are rentals before you buy.

Thinking about 78704?

Connect with Sarah

Sarah Maddali, REALTOR® | Serendipity Realty Group at Compass | 563.650.0452
Serendipity Realty Group is a real estate team affiliated with Compass. Equal Housing Opportunity.

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