Downtown Austin Condo Market Report: August 2026
Realtor.com put the 78701 median list price at $662K in July 2026, down 10.5% year over year, with listings taking a median 94 days. Citywide condo supply above 10 months keeps buyers in control heading into fall.
Median list price $662K, down 10.5%
Realtor.com's July 2026 78701 median list price fell 8.5% from June's $724K.
94 days on market, up from 81
The median 78701 listing sat 94 days in July, 4.5% longer than July 2025.
Fewer new listings
New 78701 listings fell to 20 in July from 48 in June, and active listings slipped to 224.
Condo value index near $618K
Zillow's 78701 condo index was down 3.3% year over year, a much smaller move than asking prices.
Citywide supply above 10 months
Austin condos carried 10.21 months of inventory in July, which the July condo report calls a buyer's market.
Downtown asking prices fell again in July, and buyers kept the upper hand. Realtor.com put the 78701 median list price at $662K in July 2026, down 10.5% year over year and 8.5% below June's $724K. The median list price per square foot was $741, down 12.7% from a year earlier.
Last month's call holds, with more room to negotiate. The July report described a market leaning toward buyers. July's numbers extend that: listings took a median 94 days, up from 81 in June and 4.5% longer than July 2025. Active listings fell to 224 from 242, down 9.3% year over year, but new listings dropped to 20 from 48, so the slide in inventory reflects fewer sellers listing rather than faster sales. Pending listings slipped to 28 from 36.
A caution on the data. Realtor.com flags its July 78701 row for data quality, and it measures asking prices, not closed sales. No dated July sold median for 78701 was published, and few units close downtown in any one month. Read the listing data as direction, not precision.
Values held roughly steady. Zillow's condo value index for 78701 was near $618K in July, down 3.3% from a year earlier and about 0.4% below June, a far smaller move than asking prices.
The citywide backdrop. Austin condos and townhomes carried 10.21 months of inventory in July, down from 10.46 in June, with a median 67 days on market. Sellers received 91.72% of original list price on average, and the July condo report says buyers hold meaningful leverage heading into fall.
Carrying costs still shape the payment. 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.
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 August 7, 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, July 2026: median list price $662,475, down 10.48% year over year and 8.5% month over month (June $724,000); median list price per square foot $741, down 12.71% year over year; median 94 days on market, up 15.4% month over month (June 81) and 4.47% year over year; 224 active listings, down 9.31% year over year (June 242); 20 new listings (June 48); 28 pending listings (June 36); quality flag set on the July row.
econdata.s3-us-west-2.amazonaws.com ↗Zillow condo home value index for 78701: $618,438 for July 2026, versus $639,613 for July 2025 and $621,107 for June 2026.
files.zillowstatic.com ↗City of Austin condos and townhomes, July 2026: 10.21 months of inventory, down from 10.46 in June; median 67 days on market; 91.72% of original list price; characterized as a buyer's market with buyers holding meaningful leverage heading into fall.
austinrealestatehomesblog.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.
waterloogreenway.org ↗
Realtor.com monthly ZIP-level listing data for 78701 (July 2026 row; Realtor.com sets its quality flag on this row), Zillow's 78701 condo home value index (July 2026 value, retrieved September 30, 2026; Zillow revises index history), and the July 2026 Austin Condo Price Report (published August 7, 2026) for citywide condo supply. Realtor.com figures describe active listings and asking prices, not closed sales. The as-of date is the condo report's publication date. Price distribution is copied from the September 2026 cycle report, which counted Redfin's 233 active 78701 listings by price band on September 28, 2026; it is not a July breakdown.
