Bee Cave Market Report: 78738 Median Hits $950K as Listings Move Faster

The 78738 median sale price reached $950,000 in June 2026, up 14.5% from $830,000 a year earlier — and it happened alongside more transactions, not fewer. Unlock MLS counted 86 closings in the ZIP for the month, up 28.4% year over year. Volume and price rising together is a different signal than price rising alone.

Homes are also sitting less. Redfin's ZIP-level tracking for the three months ending May 2026 puts median days on market at 48, down from 66 a year prior, an 18-day improvement. Sale-to-list came in around 97%, roughly half a point better than last year, meaning the typical seller closed about three cents on the dollar under asking.

Price per square foot tells a slightly different story than the median. At $300, it is up 8.1% year over year: meaningful, but only about half the median's 14.5% gain. When the median climbs faster than the per-foot number, the mix is usually shifting toward larger homes rather than every home simply repricing upward. Read the median as "what sold," not "what your house did."

Inventory is the number 78738 does not publish. Unlock MLS reports months of supply at the county level, where Travis County sat at 4.7 months in June 2026, down about 1.4 months from a year earlier. That is a market with real choice but not a glut. ZIP-level supply figures are not made public, so anyone quoting one for Bee Cave is estimating.

The listing pool is wider than the median implies. Of roughly 335 active listings in 78738 counted in late July 2026, about 31% were asking under $750K and about 16% were above $2M. A single median flattens a range that runs from entry-level attached homes to Spanish Oaks estates.

What this means practically: sellers in the middle of the range have more leverage than they did last summer, with faster absorption and a tighter list-to-sale spread. Buyers still have selection, particularly above $1M, where roughly 42% of active listings sit. Both sides should price against their own band rather than the headline median.