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Keenan Group#1 Austin Board of Realtors Team 2024
5.0 · 176+ reviews#1 Team - Austin Board of Realtors (2024)$1B+ career sales
Aerial of a four-story condo building at dusk with street lights in 78701, Austin

78701 Homes for Sale - Downtown Austin

Downtown Austin

#1 ABoR Team 2024$1B+ Career Sales1,000+ Homes Sold

What is 78701 Downtown Austin like?

In the 12 months to October 15, 2026, 220 homes, condos and townhomes sold in the 78701 ZIP code at a median price of $636K and a median of $689 per square foot, based on MLS closed sales; 211 homes, condos and townhomes are listed for sale now. Keenan Group has closed 12 sales in 78701 since 2006.

As of · Austin MLS (ACTRIS)

78701 homes for sale

Source: Keenan Group at Compass Real Estate, Austin TX

211

Active Listings

$636K

Median Sale Price

$689

Median $/Sqft

1,236

Avg Sqft

220

Sold Last 12M

12

Keenan Sales

78701 Real Estate Market

As of Oct 15, 2026. Source: Austin MLS (ACTRIS). Methodology: SFR + condo + townhome.

78701 Downtown Austin market data as of
Median Sale Price$636K
Median Price per Sq Ft$689
Active Listings211
Homes Sold, Last 12 Months220
Months of Supply11.5
Average Sq Ft1,236
Keenan Group Sales12

Data as of . Source: Keenan Group at Compass Real Estate, Austin MLS (ACTRIS).

What Our Clients Say About Downtown Austin

“Being in the commercial real estate business for 35 years, I've seen my share of professionals, but few are as conscientious as Cara Keenan and Joe Keenan at Keenan Group at Compass Real Estate. They came highly recommended from a friend as I looked for a home or condo in Austin, and I couldn't have been happier with the last ten months of working together. Not only are they smart, ethical, loyal, and really knowledgeable about the market, but they're a lot of fun to work with as well. In sum, there's only one residential real estate firm I would recommend to friends looking for a home in Austin: Keenan Group at Compass Real Estate.”

- Chip Conley (Buyer), Downtown

“I relocated from Chicago for work and needed a downtown condo close to the office. Joe showed me units in five different buildings in one day — Spring, W Austin, Austin City Lofts, 70 Rainey, and Seaholm. He had the HOA fees, walk scores, and parking situations for each one memorized. I went with Spring for the lake views and the pool deck. Joe also connected me with a moving company that handled the logistics from Chicago. Really appreciated that extra step.”

- S. Okafor (Buyer), Downtown Condos

“My sister and I were truly impressed with Joe Keenan and Cara Keenan throughout the entire process! They listed our parent's home that we grew up in and had owned since 1967. They were so knowledgeable, professional, and quick to respond to any and all questions or concerns that we had. The process of selling, listing, handling offers, and even closing was explained to us so well. We are so appreciative of Joe Keenan and Cara Keenan and will recommend to friends. They are amazing!”

- Cindy Elbrecht (Seller), Downtown

“Every ZIP code in Austin tells a different story. Downtown Austin (78701) has its own personality - the schools, the commute, the lot sizes, and the neighborhood feel are all distinct. We walk our clients through these differences so they find the right fit, not just the right price.”

- Joe Keenan, Keenan Group at Compass

Neighborhoods: Downtown, Rainey Street, East 6th, West 6th, Warehouse District.

About 78701

Community demographics, property values, tax rates, walkability, and lifestyle data for 78701.

Why Buy in 78701?

Downtown Austin (78701) is in Downtown and includes Downtown, Rainey Street, East 6th, West 6th and 1 more neighborhoods. The trailing-12-month median sale price is $636K as of Oct 15, 2026.

Keenan Group at Compass, Austin's #1 real estate team (2024 ABoR), has deep expertise in 78701. Contact us at (512) 415-7653 for a personalized market brief, off-market inventory, or a home valuation.

FAQ: 78701 Real Estate

Common questions from buyers and sellers exploring this ZIP.

How many homes are for sale in 78701?

There are 211 active listings in 78701 as of Oct 15, 2026. Prices range from $157K to $14.95M.

What is the current market snapshot in 78701?

78701: Median Price: $636K | Price Bands: Min $157K | Max $14.95M | 11.5 months supply | Sales Through: 220 sales through Oct 15, 2026. This ZIP market dataset uses sfr + condo + townhome filtering. Contact the Keenan Group for a tailored valuation for your specific property.

How competitive is the 78701 market in 2026?

78701 currently shows about 11.5 months of supply. Under 3 months generally signals a seller's market, while over 6 months gives buyers more negotiating room. Demand still varies by block, school assignment, and condition.

Who is the top real estate team in 78701?

The Keenan Group at Compass is Austin's #1 real estate team (Austin Board of Realtors 2024), with $1B+ in career sales and 1,000+ transactions across the metro. Joe and Cara Keenan have 25+ years of Austin expertise and deep market knowledge across 78701 and adjacent ZIPs. Contact (512) 415-7653 to schedule a consultation.

What property types are available in 78701?

78701 (Downtown Austin) inventory typically includes single-family homes, townhomes, condos, and in select areas: estate properties on larger lots, new construction, and waterfront homes. Price range, lot size, and architectural style vary significantly by sub-neighborhood. Contact (512) 415-7653 for a custom search.

Do HOAs apply to most homes in 78701?

HOA prevalence in 78701 depends on the specific neighborhood. Central Austin ZIPs (78703, 78704, 78756, 78757) are mostly unincorporated neighborhoods without formal HOAs. Suburban ZIPs (78730, 78732, 78733, 78738, 78739) commonly have HOAs with dues ranging from $400-$2,800/year. Keenan Group can pull HOA documents during the option period for any active listing.

When is the best time to buy in 78701?

Austin metro buying patterns: spring (March-June) sees the most inventory and competitive offers. Fall (September-November) provides the best negotiating room. Winter transactions are fewest but often include motivated sellers. 78701 timing can differ - Keenan Group advises based on your specific target properties.

Does Keenan Group work with first-time buyers in 78701?

Yes. The Keenan Group guides first-time buyers in 78701 through every step: mortgage pre-approval, school district research, inspections, Texas-specific option period strategy, and closing. Many first-time buyers return as repeat clients.

What neighborhoods and demographics are in 78701?

78701 includes Downtown, Rainey Street, East 6th, West 6th, Warehouse District. For demographics, schools, walkability, property tax data, and community profile, see our 78701 ZIP code guide.

Find Your Home in 78701

Work with Austin's #1 team to find your perfect home in Downtown Austin.

Written by the Keenan Group - Joe Keenan and Cara Keenan, Austin's #1 real estate team (Austin Board of Realtors 2024). 25+ years, 1,000+ transactions, $1B+ career sales.

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Why Choose the #1 Austin Board Team

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

Austin's #1 Real Estate Team · 2024 Austin Board of Realtors

The Keenan Group in 78701

#1ABoR Team 2024
$1B+Career Sales
1000+Homes Sold
25+Years Experience