Downtown Austin Condo Market Report: July 2026
Realtor.com put the 78701 median list price at $724K in June 2026, down 2.9% year over year, with listings taking a median 81 days. Citywide condo supply near 9.8 months keeps buyers in a strong negotiating position.
Median list price $724K, down 2.9%
Realtor.com's June 2026 78701 median list price was 6.5% below May's $774K and 2.9% below June 2025.
A new yardstick this month
June's report led with a May sold-price median from RealtyTrac; this one uses Realtor.com asking prices, so the headlines are not directly comparable.
81 days on market, up from 72
The median 78701 listing sat 81 days in June, while pending listings rose to 36 from 25 in May.
Condo value index near $621K
Zillow's 78701 condo index fell 3.7% year over year in June 2026.
Citywide supply near 9.8 months
Austin condos carried 9.79 months of inventory in June, which the June condo report calls a buyer's market.
Downtown asking prices eased in June, and the market still favors buyers. Realtor.com put the 78701 median list price at $724K in June 2026, down 2.9% year over year and 6.5% below May's $774K. The median list price per square foot was $763, down 10.0% from a year earlier.
What changed since the last report. The June report led with RealtyTrac's $749K median sold price for May, down about 12% year over year. This report uses Realtor.com's monthly listing data because it states a figure for June itself. It measures asking prices rather than closed sales, so the two headline numbers are not directly comparable. Both point the same way: downtown pricing is softer than a year ago.
Listings are taking longer. The median 78701 listing spent 81 days on market in June, up from 72 in May and 7.3% longer than June 2025. Active listings slipped to 242 from 247 in May, down 6.7% year over year, while pending listings rose to 36 from 25. About 17% of listings took a price cut during the month.
Values drifted lower. Zillow's condo value index for 78701 stood near $621K in June, down 3.7% from a year earlier and about 1.2% below May.
The citywide backdrop. Austin condos and townhomes carried 9.79 months of inventory in June, down 10.3% year over year, and closed at 96.26% of list price on average. The June condo report calls that a buyer's market, though a softening one, with pending contracts up 48.5% from June 2025.
Carrying costs matter as much as price. A Q1 2026 report put the median downtown high-rise HOA near $1,200 a month, and the combined Austin tax rate for tax year 2025 was about $2.07 per $100 of value.
New parkland. Waterloo Greenway's Confluence opened June 6, 2026, adding 13 acres along Waller Creek between 4th Street and Lady Bird Lake.
Working this market. Jonathan Creath is a Real Estate Advisor with Kuper Sotheby's International Realty and part of Creath Partners, the family business his father Garry Creath founded in 1971 and brought to Austin in 1989. Downtown is one of the areas the practice works. The approach is lifestyle-first: match the building and sub-district to how you want to live, then negotiate on the numbers.
Downtown Austin as of July 10, 2026
These figures are frozen at publication. The Downtown Austin guide carries the current month's numbers.
Every number, and where it came from.
78701, June 2026: median list price $724,000, down 2.94% year over year and 6.46% month over month (May $774,000); median list price per square foot $763, down 10.0% year over year; median 81 days on market, up 12.5% from May's 72 and 7.28% year over year; 242 active listings, down 6.74% year over year (May 247); 36 pending listings (May 25); price-reduced share 17.4%.
econdata.s3-us-west-2.amazonaws.com ↗Zillow condo home value index for 78701: $621,107 for June 2026, versus $644,986 for June 2025 and $628,550 for May 2026.
files.zillowstatic.com ↗City of Austin condos and townhomes, June 2026: 9.79 months of inventory, down 10.3% year over year; average sold-to-list 96.26%; pending contracts up 48.5% year over year; characterized as a buyer's market.
austinrealestatehomesblog.com ↗78701 median sold price of about $749K as of May 2026, down about 12% year over year (the June 2026 report's headline).
realtytrac.com ↗Downtown high-rise median HOA near $1,200 a month in Q1 2026.
grewalregroup.com ↗Tax year 2025 City of Austin rate of $0.5240 and combined Austin rate of about $2.07 per $100 of taxable value.
ballardpropertytaxprotest.com ↗Waterloo Greenway Phase II, the Confluence, opened June 6, 2026, spanning 13 acres along Waller Creek between 4th Street and Lady Bird Lake.
waterloogreenway.org ↗City of Austin condos, June 2026: median 52 days to sell.
austinrealestatehomesblog.com ↗
Realtor.com monthly ZIP-level listing data for 78701 (June 2026 row), Zillow's 78701 condo home value index (June 2026 value, retrieved September 30, 2026; Zillow revises index history), and the June 2026 Austin Condo Price Report (published July 10, 2026) for citywide condo supply. Realtor.com figures describe active listings and asking prices, not closed sales; no month-specific 78701 sold-price source for June 2026 was found. The as-of date is the condo report's publication date. Price distribution is copied from the June 2026 cycle report, an approximation from published downtown price tiers and active-listing ranges, not a banded source for June.
