78745 Home Prices: Then vs. Now

If you want to see how much the South Austin housing market has changed, look at 78745.

This ZIP code has long been a popular choice for buyers who want access to South Austin’s restaurants, parks, major roads, and downtown convenience without moving too far from the center of the city. But in the last few years, the number of homes available—and selling—under $450,000 has shifted dramatically.

Right now, there are 73 homes listed for sale under $450,000 in 78745.

That is a very different picture from the height of the market. From December 2021 through the end of 2022, just over 130 homes sold below $450,000 in 78745 during that entire 13-month period. This year alone, more than 250 homes have already sold in that price range.

More Options at a Price Point That Was Once Hard to Find

During the market peak, finding a home under $450,000 in this part of South Austin was relatively difficult. Buyers were often competing for limited options, and many homes moved quickly.

Today, significantly more homes are selling below that price point—and buyers have 73 active options to consider right now.

That does not mean every home is the same. Condition, location, updates, lot size, and pricing strategy still matter. However, from a home-price and inventory standpoint, buyers have more opportunity to explore 78745 than they did a few years ago.

Home Price and Monthly Payment Are Different Conversations

Of course, the cost of owning a home is more than the sale price. Interest rates remain higher than they were during the market peak, which can make the monthly payment on a lower-priced home feel very different.

That is why buyers should look beyond the list price alone. A realistic plan should account for the purchase price, interest rate, down payment, taxes, insurance, and any updates the home may need after closing.

For sellers, this shift reinforces the importance of understanding the current competition. Buyers have more options than they did at the peak, so the right pricing and presentation strategy can make a meaningful difference.

What This Means for Buyers and Sellers in 78745

The 78745 market is not the same market it was a few years ago. There are more homes selling under $450,000, more active inventory in that price range, and more factors for buyers and sellers to weigh before making a move.

If you are considering buying or selling in South Austin, a current, neighborhood-specific strategy matters. Reach out to Pinnacle Property Group to talk through what today’s 78745 market could mean for your next move.