— Downtown Austin·Downtown Austin, TX 78701
Updated July 27, 2026
— Downtown Austin, TX 78701

Living in Downtown Austin.

Downtown Austin condo market coverage for 78701 — pricing, HOA dues, taxes, and what's opening across the district.

Median Sold Price
$749K
↓ -12% YoY
Median $/SqFt
$820
Q1 2026
Median HOA Dues
$1.2K/mo
Q1 2026
Days On Market
60–80
Q1 2026
— Market Snapshot · Updated Monthly

Downtown Austin Real Estate Market — July 2026

The 78701 ZIP code recorded a median sold price near $749K as of May 2026, down about 12% year over year, with 313 properties listed for sale. Downtown high-rise units priced at a median of roughly $820 per square foot in Q1 2026, well above the $348 citywide condo median reported for June 2026. Downtown high-rise supply ran six to nine months with days on market in the 60–80 range, conditions the source reports describe as a buyer's market.

Median Sold Price
$749K
↓ -12% YoY
Median $/SqFt
$820
Q1 2026
Median HOA Dues
$1.2K/mo
Q1 2026
Days On Market
60–80
Q1 2026
Months Of Supply
6–9
Q1 2026
Active Listings
313
May 2026
— Where the inventory sits
Under $550K34%
$550K–$1M38%
$1M–$2M20%
$2M+8%
— Data & sources

Compiled July 2026 from RealtyTrac 78701 market trends (May 2026), Grewal RE Group's Q1 2026 Austin condo market report (published May 9, 2026), and the June 2026 Austin condo price report. Price distribution is approximated from published downtown price tiers and observed active-listing ranges — it is not drawn from a banded MLS source.

As of July 27, 2026 · realtytrac.com · grewalregroup.com
— Latest Market Report

Downtown Austin Condo Market Report — July 2026

Downtown Austin's 78701 median sold price fell about 12% year over year to roughly $749K, with high-rise pricing near $820 per square foot and six to nine months of supply. HOA dues and a $2.07 per $100 tax rate now weigh as heavily as list price.

Median sold price down 12% YoY

78701 recorded a median sold price near $749K as of May 2026, down from about $851K a year earlier, with 313 properties active.

Downtown prices at $820 per foot

Downtown high-rise product cleared a median near $820 per square foot in Q1 2026, versus $348 citywide for Austin condos and townhomes in June 2026.

Six to nine months of supply

Downtown high-rise inventory sat at six to nine months with 60–80 days on market in Q1 2026, and more than 52% of active Austin condo listings had taken a price reduction.

Dues and taxes shape the payment

Standard high-rise HOA dues run $850–$1,800 monthly, median about $1,200, on top of a combined Austin tax rate near $2.07 per $100 of taxable value.

New supply and new parkland

Waterline at 98 Red River opens in late 2026 as Texas' tallest building, and Waterloo Greenway's 13-acre Confluence opened June 6, 2026.

Read the full July 2026 report →
— Lifestyle

What It's Like to Live in Downtown Austin

Downtown Austin's 78701 is a high-rise condominium market, not a single-family one. The stock centers on towers including 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. As of May 2026 the ZIP code's median sold price was about $749K, down roughly 12% year over year, with 313 active listings. Downtown high-rise product priced near $820 per square foot in the first quarter of 2026, against $348 citywide for Austin condos in June. HOA dues and the combined property tax rate near $2.07 per $100 carry as much weight here as purchase price.

A high-rise ZIP code

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, with entry pricing generally starting around $350K and ultra-luxury residences clearing $2M.

high-risecondostowers

Lady Bird Lake at the doorstep

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, including the Waller Creek Boat House near the Confluence.

trailwaterfrontpaddling

Waterloo Greenway

The Confluence opened June 6, 2026, adding 13 acres along Waller Creek between 4th Street and Lady Bird Lake. It is part of a $91.5 million public-private project that will eventually link 35 acres of connected green space through downtown.

parkswaller creeknew

Live music inside the district

Moody Amphitheater at Waterloo Park, 1401 Trinity Street, runs a full concert calendar from spring through fall. ACL Fest at Zilker Park shuttles from Republic Square Park downtown across both October weekends.

musicmoody amphitheateracl fest

Four distinct sub-districts

Rainey Street, Seaholm, the Market District, and the Lady Bird Lake frontage each price differently inside the same ZIP code. Seaholm-district buildings such as Fifth + West and The Bowie run closer to $500–$800 per square foot, while trophy towers run far higher.

rainey streetseaholmmarket district
— Common Questions

Questions People Ask Most About Downtown Austin

What does a condo in downtown Austin actually cost right now?

Downtown Austin condos are trading around $749K median sold price in the 78701 ZIP, with high-rise price per square foot near $820 in the first quarter of 2026. Studios and one-bedrooms generally run $350K to $620K; two-bedrooms and larger run $650K to $1.5M.

How much are HOA fees in a downtown Austin high-rise?

Budget $850 to $1,800 a month for a standard downtown high-rise unit, with a median near $1,200. Luxury towers like the Austonian run $1,500 to $3,000 or more. Dues typically cover concierge, amenities, common-area insurance, and building reserves, so compare what's included before comparing numbers.

What are property taxes on a downtown Austin condo?

Expect roughly $2.05 to $2.07 per $100 of taxable value inside Austin city limits and Austin ISD for tax year 2025. That combines Austin ISD ($0.9252), City of Austin ($0.5240), Travis County ($0.3758), ACC, and Central Health. On a $749K condo that's about $15,000 annually before exemptions.

Is downtown Austin a buyer's or seller's market in 2026?

It's a buyer's market. Downtown high-rise inventory sat at six to nine months of supply in early 2026, and 78701's median sold price fell about 12% year over year. More than half of active Austin condo listings have taken at least one price reduction, so negotiation room is real.

How long does it take to sell a downtown Austin condo?

Plan on 60 to 80 days for downtown high-rise units in early 2026, and longer for anything priced against the building's own comps. Citywide Austin condos ran a 52-day median in June 2026 with a 96.26% sold-to-list ratio. Pricing accuracy at listing matters more than time.

Which buildings make up the downtown Austin condo market?

The 78701 condo stock centers on The Independent, the Austonian, Four Seasons Residences, 44 East Ave, Natiivo, and 70 Rainey, plus Seaholm-district buildings. Sub-districts differ: Rainey Street, Seaholm, the Market District, and the Lady Bird Lake frontage each price differently even within the same ZIP code.

Who is Jonathan Creath?

Jonathan Creath is a Real Estate Advisor with Kuper Sotheby's International Realty, part of Creath Partners, holding active TREC license #547237. Creath Partners is a family business his father Garry Creath founded in 1971 and brought to Austin in 1989. Jonathan sold software to Fortune 500 companies beforehand.

What's changing downtown that could affect condo values?

Three things. Waterline at 98 Red River, Texas' tallest building at 1,025 feet, opens in late 2026 with a hotel and apartments. Waterloo Greenway's Confluence, 13 acres along Waller Creek, opened June 6, 2026. Project Connect light rail breaks ground in early 2027.

— Upcoming

What's Happening in Downtown Austin

registration

Simple Plan at Moody Amphitheater

Simple Plan plays Moody Amphitheater at Waterloo Park with 3OH!3 and Bowling For Soup, a short walk from the Waterloo Greenway trail system.

registration

Social Distortion at Moody Amphitheater

Social Distortion headlines Waterloo Park with Descendents and The Chats at 1401 Trinity Street.

registration

Chance The Rapper at Moody Amphitheater

Chance The Rapper brings the Coloring Book 10 Year Anniversary tour to Moody Amphitheater at Waterloo Park.

annual

ACL Fest Weekend One

Austin City Limits Music Festival returns to Zilker Park October 2-4 for its 25th anniversary edition, with nine stages and shuttle service from Republic Square Park downtown.

registration

Jack White at Moody Amphitheater

Jack White Live 2026 stops at Moody Amphitheater at Waterloo Park between the two ACL Fest weekends.

annual

ACL Fest Weekend Two

The second ACL Fest weekend runs October 9-11 at Zilker Park, with Kings of Leon among the weekend-two headliners.

— Community News

What's New in Downtown Austin

Parks & Trails

Waterloo Greenway's Confluence opens along Waller Creek

Phase II of Waterloo Greenway, known as the Confluence, held its grand opening with a ribbon-cutting, guided park tours, and live music. The 13-acre stretch runs along Waller Creek between 4th Street and Lady Bird Lake and represents a $91.5 million public-private investment, with the City of Austin contributing more than $62 million and Waterloo Greenway $12.5 million. Construction began in May 2023 and reached substantial completion in June 2026. Work continues to connect the Confluence north to Waterloo Park, and the full project will eventually span 35 acres of connected green space through downtown.

Transit

Project Connect light rail cleared for early 2027 groundbreaking

The Federal Transit Administration granted Austin's light rail plan environmental clearance in January 2026, and in February the Austin Transit Partnership awarded a $60 million contract to Austin Rail Constructors, a joint venture of Stacy Witbeck and Sundt Construction. The 9.8-mile Phase 1 line runs through downtown along Guadalupe, 3rd, and Trinity Streets before crossing Lady Bird Lake on a dedicated bridge, then splitting toward South Congress and East Riverside. ATP expects to break ground in early 2027 with service opening in 2033. Federal New Starts funding remains unresolved.

Market

Buyer leverage returns as downtown condo inventory builds

A Q1 2026 Austin condo market report put downtown high-rise supply at six to nine months with days on market in the 60 to 80 day range, conditions it classifies as a buyer's market. Across the broader Austin condo market, more than 52% of active listings had taken at least one price reduction, and the citywide median condo price sat near $390,000, down from the 2022 peak above $450,000. Downtown remains the premium tier of that market, with a median near $820 per square foot and a median monthly HOA of about $1,200.

— Begin a Conversation

Talk to Someone Who Knows Downtown Austin

Jonathan Creath

Jonathan Creath

Real Estate Advisor · Kuper Sotheby's International Realty

Creath Partners was founded by Garry Creath and remains a family business to this day — begun in Colorado Springs in 1971, grown in Lubbock, and brought to Austin in 1989.

(512) 406-1086jonathan.creath@sothebysrealty.com
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