Is 78721 a buyer’s market or a seller’s market for your home?
Quick answer
A buyer’s market, for that ZIP overall. Homes in 78721 closed at 93.4% of original asking over the last three months, and its 9.2 months of supply is the deepest in East Austin. Your own price range can tell a different story.
What we analyzed
- 25 homes sold in ZIP 78721 (Austin city addresses) in the 90 days ending October 20, 2026
- 77 homes for sale in ZIP 78721 as of October 21, 2026, 13 of them builder listings
- 9.2 months of inventory in ZIP 78721, against 5.9 in the Austin metro
- 78721 price ranges, 90 days ending October 20, 2026
- The same 90 days last year and the twelve months 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
70 East 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 East 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 78721 measure up against East Austin and the metro?
Behind both. Sellers in 78721 kept 93.4% of original asking, a little under the metro’s 94.3%.
Table 1. ZIP code 78721 compared with East 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 78721 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 78721 | East Austin | Austin metro |
|---|---|---|---|
| Homes sold | 25 | 200 | 8,188 |
| Median sale price | $570,000 | $607,500 | $404,000 |
| Median days on market | 58 days | 49 days | 56 days |
| What homes sold for relative to their initial asking price | 93.4% | 94.0% | 94.3% |
| Price per square foot (median) | $315 | $386 | $204 |
| Homes for sale | 77 | 453 | 16,078 |
| Months of supply | 9.2 | 6.8 | 5.9 |
| Buyer’s or seller’s market | buyer’s market | buyer’s market | balanced |
| Listings that failed to sell | 57 | 239 | 5,445 |
| Share of listings that failed to sell | 69.5% | 54.4% | 39.9% |
| Active under contract | 7 | 45 | 1,422 |
| Pending | 3 | 23 | 2,064 |
| New listings in the last 90 days | 57 | 364 | 12,120 |
| Homes for sale priced below their original asking price | 47 (61.0%) | 253 (55.8%) | 59.1% |
| New builds for sale (builder listings) | 13 of 77 (16.9%) | 82 of 453 (18.1%) | n/a |
The homes for sale here have waited longest, a typical 83 days so far.
Which 78721 neighborhood has its own report?
Chernosky, the one 78721 subdivision with enough sales for a page of its own. Its report is Who are you competing with when you sell a home in Chernosky?
Table 2. Neighborhoods in ZIP code 78721 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 |
|---|---|---|---|
| Chernosky | 21 | $535,000 | Chernosky market report |
Have 78721 prices fallen over the past year?
Yes, both the typical price and the price per foot. The typical sale came in at $475,000 this past year, against $515,000 the year before.
A square foot sold for $326 this past year against $369 the year before, a bigger drop than the median shows.
Fewer homes sold as well, 129 against 157.
Table 3. 78721 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 | 25 | $570,000 | 58 days | 93.4% | $315 |
| Same 90 days, 2025 (July 23, 2025 to October 20, 2025) | 43 | $515,000 | 50 days | 92.3% | $342 |
| Twelve months ending October 20, 2026 | 129 | $475,000 | 66 days | 93.5% | $326 |
| Prior twelve months (October 21, 2024 to October 20, 2025) | 157 | $515,000 | 52 days | 94.9% | $369 |
The whole area is covered on What should you know before selling your home in East Austin?
What do the 78721 price ranges show?
Mostly that sales are thin. Few ranges in this ZIP had enough closings over the last three months to read on their own, so the table leans on the twelve-month figures where it can.
No single price range in 78721 closed ten or more homes in the last 90 days, so the price-range table is left out; the ZIP-wide figures above are the reliable read.
How does 78721 sit next to the other East Austin ZIP codes?
It has the most supply and the lowest price per square foot of the four.
Table 5. The other East 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 78721 | 25 | $570,000 | 58 days | 93.4% | 77 | 9.2 | buyer’s market |
| ZIP 78702 | 76 | $651,500 | 54 days | 93.2% | 212 | 8.4 | buyer’s market |
| ZIP 78722 | 15 | $625,000 | 47 days | 93.8% | 19 | 3.8 | buyer’s market |
| ZIP 78723 | 84 | $587,500 | 41 days | 95.9% | 145 | 5.2 | balanced |
Do these 78721 numbers describe your house?
They describe the ZIP, and your house may sit well above or below it. Run your address to see which listings a buyer would compare with yours.
- Closer fit for an older home on a street with several resales listed.
- Looser fit for a newer home, which buyers judge against the builders nearby.
- Looser fit if your home is move-in ready and few nearby listings have cut.
- Looser fit if your price comes from this year’s closed sales.
With this much supply, the page I would read next is Why aren’t more homes selling in East Austin, and what helps? After that, Which homes is your East Austin buyer touring besides yours? shows the new builds nearby, What is your East Austin home worth when a new build is nearby? covers value, and Should you sell your East Austin home this fall or wait? covers timing.
Your situation
In 78721 the gap between a home that sells and one that sits is mostly the opening price. The tables can’t show the listings on your street, and your address can.
Before You Put Your Home on the Market, See the Homes You’ll Have to Beat
If you own in 78721 and want to know which listings a buyer would hold up against yours, start with the ones on your side of the ZIP. Request my complimentary Home Competitor Analysis for your address. You get:
- The 78721 homes for sale a buyer would likely tour with yours
- Which of those listings have cut, and how long they have been for sale
- What we look at when we walk through your home
No obligation. The report for your part of East Austin arrives within a minute; the pricing analysis comes after we walk the home. Nothing here promises a price, a timeline, or an outcome. 70 homes sold by Watters International Realty in East Austin (Unlock MLS, all time).
What does months of supply tell a 78721 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.
For 78721 that comes to 9.2 months at the recent pace, and 61.0% of the homes for sale have cut. A seller here has to win the first showing on price.
About Watters International Realty in East 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. 70 homes sold by Watters International Realty in East Austin (Unlock MLS, all time).
See the homes you’d be competing against
You get the 78721 listings a buyer would weigh against yours, which have cut, 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.
More for East Austin sellers
- What should you know before selling your home in East Austin?
- Do buyers or sellers have the upper hand in 78702 right now?
- How much room do buyers have to negotiate on a home in 78722?
- How is 78723 treating sellers in Mueller and Windsor Park?
- Should you sell your East Austin home this fall or wait?
- Which homes is your East Austin buyer touring besides yours?
- Why aren’t more homes selling in East Austin, and what helps?
- What is your East Austin home worth when a new build is nearby?
- The Austin seller hub
