Bee Cave Market Report: 78738 Median Up 10.5%, Price Per Square Foot Down
The 78738 median sale price was $917K over the three months ending October 2026, up 10.5% year over year, but price per square foot fell 6.6% to $276. Homes sold 18 days faster than a year ago, though slower than in late summer.
Median up 10.5% year over year
Redfin puts the 78738 median at $917K for the three months ending October 2026, a smaller gain than September's 13.3%.
Price per square foot down 6.6%
At $276, the per-square-foot figure fell even as the median rose, pointing to larger homes in the sales mix.
Faster than last year, slower than summer
Median days on market was 83 versus 101 a year earlier, up from the 69 days cited in September.
Sale-to-list at 97.1%
Up 0.5 points year over year, with 9.7% of homes selling above list and 40.8% of listings taking a price cut.
158 homes sold in October
Redfin's single-month count was down from 197 in October 2025.
The 78738 median sale price was $917K over the three months ending October 2026, up 10.5% year over year, but median price per square foot fell 6.6% to $276. Bee Cave's ZIP is still posting a higher median than a year ago. What it is paying per square foot is lower.
How this compares with September's report. In September we argued that 78738 was holding double-digit gains, with a $976,777 median up 13.3% for the three months ending August. The median headline still holds, at a smaller gain. The picture has shifted underneath it: price per square foot was up 5.8% in September and is down 6.6% now. In September we said part of the median's strength likely reflected larger homes closing. October's numbers make that reading stronger. A rising median with a falling price per square foot usually means the mix of homes that sold moved toward bigger ones, not that comparable homes got more expensive.
Pace slowed from late summer but is ahead of last year. Median days on market was 83, up from the 69 we cited for the summer window, and 18 days faster than the 101 of a year earlier. Redfin counted 158 homes sold in October 2026, against 197 in October 2025. That is a single-month count, a different measure from September's three-month total, so the two are not directly comparable.
Pricing discipline is steady. Homes sold at 97.1% of list, up 0.5 points year over year, and 9.7% sold above list, up 3.6 points. Price drops touched 40.8% of listings, essentially flat against last year. Four in ten sellers still cut their price at some point.
What this means practically. For sellers, the per-square-foot figure is the one to price against, and it is lower than a year ago even though the headline median is higher. For buyers, longer marketing times than late summer and frequent price cuts mean room to negotiate, particularly on homes that have sat.
A data note. Unlock MLS released its October 2026 metro report on November 11, the day this report was written, and county figures are not included here. ZIP-level months of supply is not published. Redfin showed 215 active houses, condos and townhouses in 78738 on November 11, with about 45% asking over $1 million, against 301 active listings in our late-September count, which used a different search, so we are not reading a trend into the change.
Why Bee Cave is on this site. The Creath Partners office is in Bee Cave at 13420 Galleria Circle, in the Hill Country Galleria. Jonathan Creath is a Real Estate Advisor with Kuper Sotheby's International Realty. TREC License #547237.
Bee Cave as of November 11, 2026
These figures are frozen at publication. The Bee Cave guide carries the current month's numbers.
Every number, and where it came from.
ZIP 78738 median sale price was $917K over the three months ending October 2026, up 10.5% year over year; median price per square foot $276, down 6.6%; median days on market 83 versus 101.
redfin.com ↗In ZIP 78738, 158 homes sold in October 2026 versus 197 in October 2025; sale-to-list 97.1%, up 0.5 points; 9.7% sold above list, up 3.6 points; 40.8% of homes had price drops, down 0.28 points.
redfin.com ↗The September 2026 report cited a $976,777 median (up 13.3%), 69 median days on market and $284 per square foot (up 5.8%) for the three months ending August 2026.
redfin.com ↗Redfin showed 215 active houses, condos and townhouses in ZIP 78738 on November 11, 2026: 15 at or under $500K, 118 at or under $1M and 174 at or under $2M.
redfin.com ↗Bee Cave approved a TxDOT agreement for Highway 71, Hamilton Pool Road and Bee Cave Parkway intersection improvements; city share about $2.8 million, state share nearly $3.7 million.
communityimpact.com ↗Unlock MLS published its October 2026 Central Texas Housing Report on November 11, 2026.
unlockmls.com ↗
Median sale price, price per square foot, days on market, sale-to-list and price drops: Redfin calculations from MLS and public records for ZIP 78738, rolling three months ending October 2026, retrieved November 11, 2026. Homes sold is Redfin's October 2026 single-month count versus October 2025, a different measure from the September report's three-month total. ZIP 78738 extends beyond Bee Cave city limits and includes Falconhead. No county months-of-supply figure is shown this month: Unlock MLS's October 2026 report was published November 11 and could not be retrieved. Price distribution counts Redfin's 215 active listings in 78738 (houses, condos and townhouses; lots excluded) by asking price on November 11, 2026, so it reflects current inventory, not closed sales.
