Is 78748 a buyer’s market or a seller’s market at your price?
Quick answer
Balanced, for the ZIP as a whole. Homes in 78748 closed at 94.3% of original asking over the last three months, which makes it the one balanced ZIP in South Austin, and your price range can still put you on the buyer’s side.
What we analyzed
- 115 homes sold in ZIP 78748 (Austin city addresses) in the 90 days ending October 20, 2026
- 159 homes for sale in ZIP 78748 as of October 21, 2026, 8 of them builder listings
- 4.1 months of inventory in ZIP 78748, against 5.9 in the Austin metro
- 78748 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.
207 South Austin homeowners have trusted my real estate team to sell their home, 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 78748 compare with South Austin and the metro?
It matches the metro on what sellers kept, 94.3% of original asking, and it beats the rest of South Austin.
Table 1. ZIP code 78748 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 78748 homes recorded with an Austin city address. “Failed to sell” means the listing expired or was withdrawn without selling. Source: Unlock MLS.
| Measure | ZIP 78748 | South Austin | Austin metro |
|---|---|---|---|
| Homes sold | 115 | 384 | 8,188 |
| Median sale price | $410,000 | $463,000 | $404,000 |
| Median days on market | 54 days | 52 days | 56 days |
| What homes sold for relative to their initial asking price | 94.3% | 93.8% | 94.3% |
| Price per square foot (median) | $229 | $310 | $204 |
| Homes for sale | 159 | 751 | 16,078 |
| Months of supply | 4.1 | 5.9 | 5.9 |
| Buyer’s or seller’s market | balanced | buyer’s market | balanced |
| Listings that failed to sell | 62 | 330 | 5,445 |
| Share of listings that failed to sell | 35.0% | 46.2% | 39.9% |
| Active under contract | 20 | 85 | 1,422 |
| Pending | 15 | 48 | 2,064 |
| New listings in the last 90 days | 145 | 644 | 12,120 |
| Homes for sale priced below their original asking price | 93 (58.5%) | 409 (54.5%) | 59.1% |
| New builds for sale (builder listings) | 8 of 159 (5.0%) | 101 of 751 (13.4%) | n/a |
Supply is the tightest of the three ZIP codes, at 4.1 months, and builders are barely a factor here.
Which 78748 neighborhoods have their own report?
Texas Oaks, Tanglewood Forest, Olympic Heights and Southland Oaks, four established neighborhoods with enough sales to read on their own.
Table 2. Neighborhoods in ZIP code 78748 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 |
|---|---|---|---|
| Texas Oaks | 32 | $396,250 | Texas Oaks market report |
| Tanglewood Forest | 26 | $413,500 | Tanglewood Forest market report |
| Olympic Heights | 21 | $376,000 | Olympic Heights market report |
| Southland Oaks | 21 | $542,000 | Southland Oaks market report |
Are 78748 prices lower than a year ago?
Yes. The typical sale was $410,000 over the past twelve months, against $438,692 in the twelve months before.
Price per square foot fell over the same two periods, to $237 from $246.
Fewer homes sold as well, 496 this past year against 512 the year before.
Table 3. 78748 sales in each period. Each row stands on its own. 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 | 115 | $410,000 | 54 days | 94.3% | $229 |
| Same 90 days, 2025 (July 23, 2025 to October 20, 2025) | 150 | $422,460 | 50 days | 94.5% | $232 |
| Twelve months ending October 20, 2026 | 496 | $410,000 | 39 days | 96.2% | $237 |
| Prior twelve months (October 21, 2024 to October 20, 2025) | 512 | $438,692 | 40 days | 96.1% | $246 |
How this fits the rest of South Austin is on How is South Austin’s housing market treating sellers right now?
Which price range is your 78748 home in?
The range table is where to look. Each range is judged by what sold against original asking over the last three months, with at least 10 sales needed for a reading.
Table 4. 78748 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. Source: Unlock MLS.
| Price range | Sold | Median sale price | For sale | New builds for sale | Homes that cut their price | Months of supply | Market |
|---|---|---|---|---|---|---|---|
| $300,000 to $349,999 | 14 | $298,500 | 14 | 1 | 7 | 3.0 | buyer’s market |
| $350,000 to $399,999 | 24 | $350,550 | 28 | 2 | 14 | 3.5 | balanced |
| $400,000 to $449,999 | 11 | $400,000 | 33 | 0 | 23 | 9.0 | buyer’s market |
| $450,000 to $499,999 | 19 | $449,000 | 17 | 1 | 11 | 2.7 | balanced |
| $500,000 to $549,999 | 12 | $499,000 | 17 | 1 | 7 | 4.2 | balanced |
Homes from $350,000 to $399,999 were the busiest range, a balanced market for that range.
The range just below it, $300,000 to $349,999, was a buyer’s market for that range, so a modest difference in price changes the market you sell into.
How does 78748 compare with the other South Austin ZIP codes?
It has the lowest price per square foot of the three, $229 over the last three months.
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 78748 | 115 | $410,000 | 54 days | 94.3% | 159 | 4.1 | balanced |
| ZIP 78704 | 122 | $812,500 | 66 days | 92.6% | 301 | 7.4 | buyer’s market |
| ZIP 78745 | 147 | $422,000 | 42 days | 93.9% | 291 | 5.9 | buyer’s market |
Do these 78748 numbers fit your house?
They fit the ZIP, and a house on your street may not. Run your address for the listings a buyer would see next to yours.
- Good fit for a 1980s or 2000s house in one of the established subdivisions.
- Looser fit between $300,000 and $349,999, where sellers gave up more.
- Looser fit for a condo, where the other units in the complex set the price.
- Good fit if your home is move-in ready and priced off this year’s closed sales.
Your situation
The ZIP numbers are a starting point. What decides your sale is the few houses for sale near you this month, more than half of which have cut, and where your price lands among them.
Before You Put Your Home on the Market, See the Homes You’ll Have to Beat
If you own in 78748 and want to know whether your house sits on the balanced or the buyer’s side of the line, the listings near you will show it. Request my complimentary Home Competitor Analysis for your address. You get:
- The 78748 listings a buyer would likely tour alongside yours
- How recent sales in your subdivision compare with 78748 as a whole
- How the walkthrough works and what we look at in 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).
Why does months of supply matter in 78748?
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.
In 78748 that is 4.1 months, the shortest in South Austin. Short supply helps, and it still did not stop most of today’s sellers from cutting.
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 78748 listings a buyer would weigh against yours, how your subdivision compares with the ZIP, and a walkthrough before we talk price.
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.
More for South Austin sellers
- How is South Austin’s housing market treating sellers right now?
- Is 78704 a buyer’s or seller’s market for Travis Heights homes?
- How close to asking are buyers paying for 78745 homes?
- Should you sell your South Austin home now, or wait for spring?
- What is your South Austin home up against when buyers go touring?
- Why do so many South Austin listings never sell?
- What is your South Austin home worth to a buyer this fall?
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