Real Estate Market Report Template

Compass Realty Austin Market Intelligence Report

Q1 2025 · January — March

Market
Report

Austin, Texas — Residential Real Estate Analysis

78704

Travis Heights / Bouldin Creek

Median Sale Price

$712K

+4.2% YoY

Avg Days on Market

18

↓ 10 days vs Q1 2024

Homes Sold

47

+14.6% vs Q1 2024

Months of Supply

1.4

Seller's Market

Executive Summary

Q1 2025 at a Glance

The 78704 zip code — encompassing Travis Heights and Bouldin Creek — continued to demonstrate exceptional market resilience in Q1 2025. Despite elevated interest rates nationally, the neighborhood's combination of walkability, school quality, and central Austin proximity sustained buyer demand at levels that outpaced available inventory through the quarter.

Median Sale Price

$712,000

↑ 4.2% Year-Over-Year

↑ 1.8% Quarter-Over-Quarter

Avg Days on Market

18 days

↓ from 28 days in Q1 2024

Fastest pace in 6 quarters

List-to-Sale Ratio

98.6%

Near-full price recovery

Up from 96.2% in Q4 2024

Homes Sold (Q1)

47

vs 41 in Q1 2024

Active Listings

23

End of quarter

Price / Sq Ft

$412

Average, all sales

Absorption Rate

1.4 mo

Seller-favored (<3)

The seller's market designation — defined as less than 3 months of available supply — indicates continued pricing power for well-positioned listings. Homes priced under $750,000 in Travis Heights and Bouldin Creek faced multiple-offer competition in 6 of 7 weeks during Q1, with the most competitive properties closing an average of $18,400 over list price.

Price Trends

Median Sale Price — 8 Quarters

The 78704 market has demonstrated a consistent upward price trajectory since the rate-driven correction bottomed in Q3 2023. The following chart tracks median sale price across 8 consecutive quarters, showing the recovery arc and Q1 2025 acceleration.

Median Sale Price (USD)

Travis Heights / Bouldin Creek · Q2 2023 — Q1 2025

$658K

Q2 '23

$641K

Q3 '23

$649K

Q4 '23

$663K

Q1 '24

$679K

Q2 '24

$688K

Q3 '24

$699K

Q4 '24

$712K

Q1 '25 ●

The 4.2% year-over-year increase in Q1 2025 represents an acceleration from the 2.7% YoY gain recorded in Q1 2024. Price per square foot at $412 marks the highest level in 78704 history, surpassing the pre-correction peak of $398/sqft recorded in Q2 2022.

Inventory & Velocity

Inventory constraints remain the defining market force. With only 23 active listings at quarter-end against a monthly sales pace of approximately 16 homes, the absorption rate of 1.4 months places 78704 firmly in seller's market territory. Any supply level below 3 months is considered seller-advantaged; below 2 months indicates a highly competitive environment for buyers.

Q1 New Listings

52

Down 8% from Q1 2024

Q1 Closed Sales

47

Up 14.6% YoY

Pending (End Q1)

18

Strong pipeline into Q2

Price Reductions

9%

Of all Q1 listings

Transaction Data

Notable Q1 2025 Sales

The following five transactions represent a cross-section of Q1 2025 closed sales in 78704 and illustrate the range of price, size, and market velocity across the neighborhood.

Address	Sale Price	Sq Ft	Price/Sq Ft	Days on Market
2234 S 1st Street	$748,000	1,920	$389/sqft	12 DOM
908 Bouldin Avenue	$695,000	1,640	$424/sqft	6 DOM
1402 Kinney Avenue	$810,000	2,100	$386/sqft	21 DOM
3015 Travis Heights Blvd	$668,000	1,580	$423/sqft	31 DOM
512 Lightsey Road	$729,000	1,760	$414/sqft	9 DOM

DOM = Days on Market from list date to executed contract. Data sourced from Austin Board of Realtors MLS. Information is believed to be reliable but not guaranteed.

Market Commentary

The data tells a clear story: low inventory is the dominant force in 78704 right now. With only 1.4 months of supply, well-priced homes — particularly those listed under $750,000 — are moving in under two weeks and frequently attracting multiple offers. The 512 Lightsey Rd and 908 Bouldin Ave transactions are illustrative: both closed with multiple competing bids within the first week of listing, with final prices above the asking price.

The outlier at 3015 Travis Heights Blvd (31 DOM) reflects the market's ongoing sensitivity to initial pricing. That home was listed at $715,000, sat for three weeks, then reduced to $668,000 before going under contract — underscoring that even in a seller's market, overpriced listings face consequences.

Looking ahead to Q2 2025, we expect continued price appreciation in the 3–5% range year-over-year, driven by persistent supply constraints and continued demand from both local buyers and out-of-state relocators. The risk factor to watch: any significant increase in mortgage rates above 7.5% could soften demand at the $700K+ price point.

Seller's Market Low Inventory Multiple Offers Active Price Appreciation Ongoing Q2 Outlook: Positive

Want a Property-Specific Analysis?

Get a free, data-backed valuation for any 78704 home — whether you're buying or selling. Our market knowledge is your competitive advantage.

Compass Realty Austin

(512) 555-0100

hello@compassaustin.com

compassaustin.com/market-reports

Information contained in this report is sourced from the Austin Board of Realtors MLS, Travis County Appraisal District, and internal Compass Realty data. All data is believed to be reliable but is not warranted. Market conditions change rapidly; this report reflects conditions as of March 31, 2025. Past performance is not indicative of future results. This report is for informational purposes only and does not constitute an appraisal or professional market analysis for any specific property. Compass Realty Austin is a licensed Texas Real Estate Brokerage. TREC #9001234.