Downtown Austin Condo Market Report: November 2026
Redfin's three-month 78701 median was about $777K through October 2026, up 10.2% year over year. Homes took a median 101 days, longer than the summer window but faster than a year ago, and still closed at 95.6% of list.
Three-month median $777K, up 10.2%
Redfin's 78701 median sale price for the three months ending October 2026 rose 10.2% year over year, at $809 per square foot.
101 days, slower than summer
Median days on market rose from 84 in the August window to 101, still below 145 a year earlier.
Buyers still negotiate
Homes closed at 95.6% of list, 4.8% sold above list, and 32.2% of listings took a price drop.
217 active listings
On November 11, 2026, 69 of 217 active 78701 listings were at or under $500K and 24 were above $2M.
Congress Avenue under construction
Phase 1 of the redesign, Cesar Chavez to Seventh Street, is expected to be substantially complete by summer 2027.
Downtown condo pricing held its gains through October, but sales slowed down from the summer pace. Over the three months ending October 2026, Redfin put the 78701 median sale price at about $777K, up 10.2% year over year, with the median price per square foot at $809, up 21.5%.
How this fits September's report. September's report, on the three months ending August, found pricing firm and buyers still holding negotiating room. Both halves hold. The median rose from about $750K to $777K on the same Redfin measure. What shifted is pace: the median days on market rose from 84 to 101. That is still well under the 145 days of a year earlier, but the windows overlap and October had only 43 sales against 50 a year before, so a single month of closings moves these figures more than it would in a larger market.
Buyers keep their room to negotiate. Homes sold at 95.6% of list price, up 2.0 points from a year earlier. Only 4.8% sold above list, and 32.2% of listings took a price drop. Citywide, Austin condos and townhomes carried 8.26 months of supply in October, down from 9.21 a year earlier, and the October condo report still calls that a buyer's market.
Where the supply sits. Redfin showed 217 active 78701 houses, condos and townhomes on November 11, 2026: 69 at or under $500K, 82 from $500K to $1M, 42 from $1M to $2M, and 24 above $2M.
Carrying costs. The City of Austin's fiscal 2026-27 rate of $0.579948 per $100 is the highest allowed without voter approval. Add HOA dues that a Q1 2026 report put near $1,200 a month for the median high-rise, and monthly carry deserves as much attention as price.
What is changing on the street. Congress Avenue's first redesign phase, from Cesar Chavez to Seventh Street, is under construction and expected to be substantially complete by summer 2027, and voters approved a $260 million parks bond on November 3.
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 November 11, 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 median sale price about $777K over the three months ending October 2026, up 10.2% year over year; median $809 per square foot, up 21.5%; 101 median days on market versus 145 a year earlier; 95.6% sale-to-list, up 2.0 points; 4.8% sold above list; 32.2% of homes with price drops; 43 homes sold in October 2026 versus 50 in October 2025.
redfin.com ↗217 active 78701 houses, condos and townhomes on November 11, 2026: 69 at or under $500K, 82 from $500K to $1M, 42 from $1M to $2M, 24 above $2M.
redfin.com ↗City of Austin condos and townhomes, October 2026: 8.26 months of supply, down 3.6% from September and from 9.21 a year earlier; median 71 days on market; median sold price $399,990; characterized as a buyer's market.
austinrealestatehomesblog.com ↗78701 three months ending August 2026: median sale price about $750K and 84 median days on market (September 2026 report).
redfin.com ↗Downtown high-rise median HOA near $1,200 a month in Q1 2026, from about $850 to $1,100 at 360 Condos studios and one-bedrooms to $1,800 to $4,000 or more for W Residences penthouses.
grewalregroup.com ↗Austin adopted a $0.579948 per $100 city tax rate for FY2026-27, the highest allowed without voter approval.
communityimpact.com ↗Tax year 2025 combined Austin rate of about $2.07 per $100 of taxable value.
ballardpropertytaxprotest.com ↗Congress Avenue Urban Design Initiative Phase 1, Cesar Chavez to Seventh Street, broke ground January 30, 2026; $13 million of a $29 million initiative; substantial completion expected summer 2027.
communityimpact.com ↗Congress Avenue Phase 1 is under construction, to be completed by summer 2027.
austintexas.gov ↗Austin voters approved Proposition A (about $260 million parks bond) and Proposition B ($35 million libraries bond) on November 3, 2026; Proposition I failed.
fox7austin.com ↗Parks bond projects include Wooldridge Square and Zilker Metro Park infrastructure.
kut.org ↗Waterline at 98 Red River opened in September 2026 at 1,025 feet and 74 stories, the tallest building in Texas.
newsweek.com ↗Waterloo Greenway Phase II, the Confluence, opened June 6, 2026, spanning 13 acres along Waller Creek, part of a 35-acre park system.
waterloogreenway.org ↗Texas Book Festival November 14-15, 2026 at the Capitol, free; downtown road closures begin 9 a.m. November 12.
austintexas.gov ↗2026 Holiday Sing-Along and Stroll, Saturday December 5, 5-8 p.m., Congress Avenue between 10th and 11th Streets, free.
downtownaustin.com ↗Austin Trail of Lights December 10-23, 2026 at Zilker Park, free December 10-11 and 13-17.
austin.culturemap.com ↗
Redfin 78701 housing market data for the three months ending October 2026 (all home types), checked in a browser on November 11, 2026; Redfin active-listing counts for 78701 houses, condos and townhomes (lots excluded) on November 11, 2026; and the October 2026 Austin Condo Price Report (City of Austin condos and townhomes, October 1-31) for citywide supply. Price distribution counts Redfin's 217 active 78701 listings by price band on November 11, 2026 (69, 82, 42 and 24). The September report used a $550K first band and an unfiltered count of 233, so the bands are not directly comparable.
