Published November 1, 2026 in Market Update

More Austin listings are giving buyers more room to choose

By Rica Greenwood

Real estate, Austin

The number that changes things most for Austin sellers right now: list price per square foot across the Austin metro fell 8.4%, according to Realtor.com. That means pricing well is no longer optional. It is the whole game.

These numbers cover the three months ending August 31, 2026. They are real counts of homes in ZIP 78717, one part of Austin.

More homes, more choice for buyers

The Real Estate Data Aggregator counted 119 homes for sale in ZIP 78717 during that period. That is up 24% from the same months in 2025. Buyers have more to look at. That also means each listing faces more competition.

The Real Estate Data Aggregator put months of supply at 5.3 in ZIP 78717. That is up 1.7 months from a year ago. Above 5 months, buyers generally have more room to ask for concessions. Homes also sat on the market a median of 59 days, 10 days longer than the same period in 2025.

Homes are still selling, just not as fast

Not every home is sitting. The Real Estate Data Aggregator counted 69 homes sold in ZIP 78717 in those three months. The median sale price was $612,500, up 4.3% from a year before. Prices have not collapsed. But the pace has slowed.

Only 7.3% of homes in ZIP 78717 sold above list price, down 2.5 points from a year ago, per the Real Estate Data Aggregator. The average sale came in at 97.2% of list price. Sellers are getting close to their ask, but the cushion for overpricing is thinner.

Speed matters more than it did a year ago

The Real Estate Data Aggregator found that 27.2% of homes in ZIP 78717 went under contract within two weeks of listing. That is down 5 points from a year ago. Roughly 1 in 4 homes still moves quickly. The rest take longer.

New listings in ZIP 78717 rose 4.5% to 115 homes, per the Real Estate Data Aggregator. More supply keeps coming. Pending sales fell 6.9% to 81 homes. Demand has not kept up.

The wider Austin picture

Realtor.com put the median list price across the Austin-Round Rock-San Marcos metro at $446,450 as of September 30, 2026. That same report showed list price per square foot down 8.4% across the metro. The pressure on pricing is not just in one ZIP code.

Mortgage rates are also part of the story. Redfin reported a weekly average mortgage rate of 7.32% for the four weeks ending October 25, 2026. That affects what buyers can afford, and it affects how many buyers are actively looking.

One street can read very differently from the ZIP code as a whole. A few blocks can make a real difference in days on market and final price.