How close to asking are buyers paying for 78745 homes?
Quick answer
A little under asking, for the ZIP as a whole. Homes in 78745 closed at 93.9% of original asking over the last three months, just inside a buyer’s market for the ZIP overall, and several price ranges here came out balanced.
What we analyzed
- 147 homes sold in ZIP 78745 (Austin city addresses) in the 90 days ending October 20, 2026
- 291 homes for sale in ZIP 78745 as of October 21, 2026, 51 of them builder listings
- 5.9 months of inventory in ZIP 78745, against 5.9 in the Austin metro
- 78745 price ranges, 90 days ending October 20, 2026
- The same 90 days a year earlier and both twelve-month periods on their own rows
Sources: Unlock MLS, pulled October 21, 2026.
Selling above $1M? Part of this market never goes online
The figures on this page describe the public side of this market, the sales that were listed in the MLS. Above $1M in the Austin area, a large share of sales are never listed there and never appear online.
Those sales trade on a broker-to-broker private network, and I am a participating broker. Only the agents and brokers who do most of the business at this price point use it, and a surprising number of agents do not know it exists because they do not sell in this range. It covers homes, lots, ranches and condos priced over $1M, and much of it is waterfront or in the Austin core, West Austin, Westlake and Rollingwood, where prices run past $1.5M.
Sellers and their brokers use it for privacy: no public photos or floor plans, and no showings to buyers who have not been qualified.
Contact me for off-market private luxury listings you will never see online
207 South Austin homeowners have trusted my real estate team to sell their home in the MLS, and that count doesn’t include a single buyer we’ve represented. Everything on this page comes from the same MLS record we used to price those homes.
What these numbers mean if you are selling is on the South Austin, TX market report.
Last updated October 21, 2026. Sales data covers the 90 days ending October 20, 2026 and the twelve months ending the same day (Unlock MLS via MLS Grid); listing inventory as of October 21, 2026.
How does 78745 compare with South Austin and the metro?
It sits right between them. Sellers here kept 93.9% of original asking, a hair better than the area as a whole and a little short of the metro.
Table 1. ZIP code 78745 compared with South Austin and the Austin metro. Sales are from the 90 days ending October 20, 2026; homes for sale are as of October 21, 2026. The ZIP column covers 78745 homes recorded with an Austin city address. “Failed to sell” means the listing expired or was withdrawn without selling. Figures describe the public (MLS) side only. Source: Unlock MLS.
| Measure | ZIP 78745 | South Austin | Austin metro |
|---|---|---|---|
| Homes sold | 147 | 384 | 8,188 |
| Median sale price | $422,000 | $463,000 | $404,000 |
| Median days on market | 42 days | 52 days | 56 days |
| What homes sold for relative to their initial asking price | 93.9% | 93.8% | 94.3% |
| Price per square foot (median) | $300 | $310 | $204 |
| Homes for sale | 291 | 751 | 16,078 |
| Months of supply | 5.9 | 5.9 | 5.9 |
| Buyer’s or seller’s market | buyer’s market | buyer’s market | balanced |
| Listings that failed to sell | 125 | 330 | 5,445 |
| Share of listings that failed to sell | 46.0% | 46.2% | 39.9% |
| Active under contract | 34 | 85 | 1,422 |
| Pending | 14 | 48 | 2,064 |
| New listings in the last 90 days | 268 | 644 | 12,120 |
| Homes for sale priced below their original asking price | 156 (53.6%) | 409 (54.5%) | 59.1% |
| New builds for sale (builder listings) | 51 of 291 (17.5%) | 101 of 751 (13.4%) | n/a |
Homes here also moved fastest of the three South Austin ZIP codes, at a typical 42 days to contract.
Are builders a bigger factor in 78745?
Bigger than anywhere else in South Austin, though still a minority. Builders hold 17.5% of the homes for sale, and Risewell Homes alone has 10 of them, all in Novel.
New builds were also the slower sale, at a typical 65 days to contract against 37 for resales.
Which 78745 neighborhoods have their own report?
Cherry Creek, the older neighborhood with the most sales in the ZIP, and Novel, where nearly every sale has been new construction.
Table 2. Neighborhoods in ZIP code 78745 with their own page, by sales in the twelve months ending October 20, 2026. Source: Unlock MLS.
| Neighborhood | Sold, twelve months | Median sale price | Market report |
|---|---|---|---|
| Cherry Creek | 98 | $497,500 | Cherry Creek market report |
| Novel | 42 | $459,445 | Novel market report |
Are 78745 prices lower than a year ago?
Yes. The typical sale was $453,588 over the past twelve months, against $480,000 in the twelve months before.
Price per square foot fell further over the same two periods, to $305 from $329, so buyers paid less for the same house.
More homes changed hands anyway, 650 this past year against 605 the year before. Buyers are coming out of the woodwork at the lower prices.
Table 3. 78745 sales in each period. Each row stands on its own. Figures describe the public (MLS) side only. Source: Unlock MLS.
| Period | Sold | Median sale price | Median days on market | Share of original asking price | Price per square foot |
|---|---|---|---|---|---|
| 90 days ending October 20, 2026 | 147 | $422,000 | 42 days | 93.9% | $300 |
| Same 90 days, 2025 (July 23, 2025 to October 20, 2025) | 146 | $472,450 | 52 days | 93.6% | $312 |
| Twelve months ending October 20, 2026 | 650 | $453,588 | 42 days | 94.7% | $305 |
| Prior twelve months (October 21, 2024 to October 20, 2025) | 605 | $480,000 | 43 days | 95.0% | $329 |
The area-wide view is on How is South Austin’s housing market treating sellers right now?
Which price range is your 78745 home in?
Look up your price in the range table. Ranges are judged by what sold against original asking over the last three months, and only ranges with at least 10 sales get a reading.
Table 4. 78745 homes by price range. Sales are from the 90 days ending October 20, 2026; homes for sale are as of October 21, 2026. A range is a seller’s market when homes sell for at least 97% of their original asking price, balanced from 94% to 97%, and a buyer’s market below 94%. Only price ranges with at least 10 sales in the last 90 days are shown. Figures describe the public (MLS) side only; ranges at $1M and above trade largely on a broker-to-broker private network, so days on market and failed-to-sell figures are not shown for them. Source: Unlock MLS.
| Price range | Sold | Median sale price | Median days on market | Share of listings that failed to sell | For sale | New builds for sale | Homes that cut their price | Months of supply | Market |
|---|---|---|---|---|---|---|---|---|---|
| $300,000 to $349,999 | 12 | $327,450 | 9 days | 53.8% | 24 | 5 | 13 | 6.0 | balanced |
| $350,000 to $399,999 | 20 | $350,000 | 58 days | 23.1% | 27 | 1 | 16 | 4.0 | balanced |
| $400,000 to $449,999 | 19 | $388,130 | 33 days | 36.7% | 40 | 5 | 18 | 6.3 | buyer’s market |
| $450,000 to $499,999 | 30 | $450,000 | 42 days | 41.2% | 37 | 6 | 20 | 3.7 | balanced |
| $500,000 to $549,999 | 13 | $485,560 | 52 days | 35.0% | 35 | 7 | 20 | 8.1 | buyer’s market |
| $600,000 to $649,999 | 10 | $549,500 | 103 days | 41.2% | 18 | 2 | 13 | 5.4 | buyer’s market |
The ranges from $300,000 to $399,999 came out balanced.
So did $450,000 to $499,999, the busiest range in the ZIP.
Sellers from $600,000 to $649,999 gave up the most, a buyer’s market for that range.
How does 78745 compare with the other South Austin ZIP codes?
It had the most closings of the three over the last three months, 147 of them.
Table 5. The other South Austin ZIP codes, 90 days ending October 20, 2026. Source: Unlock MLS.
| ZIP | Sold | Median sale price | Median days on market | Share of original asking price | For sale | Months of supply | Market |
|---|---|---|---|---|---|---|---|
| ZIP 78745 | 147 | $422,000 | 42 days | 93.9% | 291 | 5.9 | buyer’s market |
| ZIP 78704 | 122 | $812,500 | 66 days | 92.6% | 301 | 7.4 | buyer’s market |
| ZIP 78748 | 115 | $410,000 | 54 days | 94.3% | 159 | 4.1 | balanced |
Do the 78745 figures fit your home?
They fit the ZIP, and one house can land well off them. Run your address to see the listings a buyer would compare with yours.
- Good fit for a 1970s or 1980s house in Cherry Creek or nearby sections.
- Looser fit for a resale in Novel, where the builder’s listings set the comparison.
- Looser fit for a home between $300,000 and $399,999, where sales ran closer to asking.
- Looser fit above $1M, where the public record shows only part of the market.
Your situation
These figures describe all of 78745. What a buyer weighs is the handful of houses for sale near yours this month and whether any of them are new, and none of that is in a ZIP table.
Before You Put Your Home on the Market, See the Homes You’ll Have to Beat
If you own in 78745 and can’t tell whether your house competes with a new build or the resale next door, the listings near you will settle it. Request my complimentary Home Competitor Analysis for your address. You get:
- The homes for sale in 78745 a buyer would likely tour alongside yours
- How recent sales on your street compare with 78745 as a whole
- What we look at when we walk through your home
No obligation. The report for your part of South Austin arrives within a minute; the pricing analysis comes after we walk the home. Nothing here promises a price, a timeline, or an outcome. 207 homes sold by Watters International Realty in South Austin (Unlock MLS, all time).
What does months of supply tell a 78745 seller?
Chris’s position, approved September 9, 2026.
Months of supply is the number I watch. It means: if no more homes came on the market, how long would it take to sell everything listed at the pace homes are selling now.
Here it is 5.9 months, the same as the metro, while sellers kept a bit less of their asking price than the metro did. Supply alone would have called this a normal market.
About Watters International Realty in South Austin
Watters International Realty is a Texas real estate brokerage, and I am its broker of record. This page is based on Unlock MLS data analyzed on October 21, 2026. 207 homes sold by Watters International Realty in South Austin (Unlock MLS, all time).
See the homes you’d be competing against
You get the 78745 listings a buyer would weigh against yours, how your street compares with the ZIP, and a walkthrough before we talk price.
Contact me for off-market private luxury listings you will never see online.
No obligation. The report arrives within a minute; the pricing analysis comes after we walk the home. Nothing here promises a price, a timeline, or an outcome.
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- Is 78748 a buyer’s market or a seller’s market at your price?
- Should you sell your South Austin home now, or wait for spring?
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- Why do so many South Austin listings never sell?
- What is your South Austin home worth to a buyer this fall?
- The Austin seller hub
