Downtown Austin, TX 78701
Downtown Austin condo coverage for 78701: current pricing, days on market, carrying costs, and what is opening across the district.
Market snapshot · As of September 28, 2026
Over the three months ending August 2026, the 78701 median sale price was about $750K, up 7.2% year over year, with the median price per square foot at $655, up 24.1%. Homes sold in a median 84 days, down from 112 a year earlier, at 95.1% of list price, and 32.1% of listings took a price drop. Citywide, Austin condos and townhomes carried 10.88 months of inventory in August, which the source calls a buyer's market.
Redfin 78701 housing market data (three months ending August 2026, all home types), Redfin active-listing counts for 78701 on September 28, 2026, and the August 2026 Austin Condo Price Report for citywide condo supply. June's report led with RealtyTrac's single-month 78701 median; this cycle uses Redfin's three-month median, a different measure, so the two headline figures are not directly comparable. Price distribution counts Redfin's 233 active 78701 listings by price band on September 28, 2026 (86, 72, 47 and 28).
As of September 28, 2026 · redfin.com · austinrealestatehomesblog.com
Latest Market Report
Redfin's three-month 78701 median was about $750K through August 2026, up 7.2% year over year, a different measure from June's single-month figure. Homes still closed at 95.1% of list after a median 84 days, so buyers keep negotiating room.
Redfin's 78701 median sale price for the three months ending August 2026 rose 7.2% year over year, with price per square foot at $655.
June's minus 12% was a single-month RealtyTrac median; this cycle uses Redfin's three-month median, so the two are not directly comparable.
Downtown homes sold faster than a year ago but still closed at 95.1% of list, and 32.1% of listings took a price drop.
Austin adopted $0.579948 per $100 on August 12, 2026, up from $0.5240, on top of high-rise HOA dues near $1,200 a month.
The 1,025-foot tower at 98 Red River opened in September 2026 with 1 Hotel Austin and rental apartments.
Downtown Austin's 78701 ZIP code is a high-rise condominium market built around towers such as The Independent, the Austonian, Four Seasons Residences, 44 East Ave, Natiivo and 70 Rainey, spread across the Rainey Street, Seaholm, Market District and Lady Bird Lake sub-districts. Over the three months ending August 2026, Redfin put the median sale price at about $750K, up 7.2% year over year, at $655 per square foot. Homes took a median 84 days to sell and closed at about 95% of list price, and Redfin counted 233 active listings on September 28, 2026. Waterline at 98 Red River, now the tallest building in Texas, opened in September, while the Butler Hike-and-Bike Trail and Waterloo Greenway frame the district.
78701 is condominium territory rather than single-family. The tower inventory includes The Independent, the Austonian, Four Seasons Residences, 44 East Ave, Natiivo and 70 Rainey, and active listings on September 28, 2026 ran from under $550K to well above $2M.
The Ann and Roy Butler Hike-and-Bike Trail rings Lady Bird Lake along the south edge of downtown. Rowing, paddleboarding and kayaking operate from boathouses on the lake.
The Confluence opened June 6, 2026, adding 13 acres along Waller Creek between 4th Street and Lady Bird Lake. Once complete, the Waterloo Greenway park system will span 35 acres through downtown.
Moody Amphitheater at Waterloo Park, 1401 Trinity Street, has shows booked into November 2026. ACL Fest runs two October weekends at Zilker Park, across Lady Bird Lake from downtown.
Waterline at 98 Red River opened in September 2026 at 1,025 feet and 74 stories, the tallest building in Texas. It holds 1 Hotel Austin, rental apartments, office floors and the restaurant Alteño.
Common Questions
The 78701 median sale price was about $750K over the three months ending August 2026, up 7.2% year over year, at a median $655 per square foot. Active listings on September 28 spread widely: 86 of 233 were at or under $550K and 28 were priced at $2M or more.
It still leans toward buyers, though less than in the June report. Homes closed at 95.1% of list price, only 4.2% sold above list, and 32.1% of listings took a price drop. Citywide Austin condos carried 10.88 months of inventory in August, which the source calls a buyer's market.
Plan on roughly three months. The median 78701 home sold in 84 days over the three months ending August 2026, down from 112 days a year earlier. Citywide Austin condos and townhomes took a median 83 days in August, so downtown is moving at about the same pace as the broader condo market.
Almost all of it is high-rise condominiums. The 78701 stock centers on The Independent, the Austonian, Four Seasons Residences, 44 East Ave, Natiivo and 70 Rainey, across the Rainey Street, Seaholm, Market District and Lady Bird Lake sub-districts, and pricing differs by building and sub-district even inside one ZIP code.
A Q1 2026 downtown condo report put the median high-rise HOA near $1,200 a month, from about $850 to $1,100 for studios and one-bedrooms at 360 Condos up to $1,800 to $4,000 or more for W Residences penthouses. Compare what each building's dues include before comparing the numbers themselves.
The City of Austin adopted $0.579948 per $100 of value for fiscal 2026-27 on August 12, 2026, up from $0.5240. For tax year 2025 the combined rate with Austin ISD, Travis County, ACC and Central Health was about $2.07 per $100. Confirm the final 2026 combined rate before budgeting.
Waterline at 98 Red River opened in September 2026 as the tallest building in Texas, with 1 Hotel Austin and rental apartments. The Confluence added 13 acres to Waterloo Greenway in June, and Project Connect light rail is aiming to break ground in 2027.
Jonathan Creath is a Real Estate Advisor with Kuper Sotheby's International Realty and part of Creath Partners, licensed by the Texas Real Estate Commission, #547237. Creath Partners is a family business his father Garry Creath founded in 1971 and brought to Austin in 1989. Jonathan previously sold software to Fortune 500 companies.
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The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified. Licensed by the Texas Real Estate Commission, #547237.
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