78701 Homes for Sale — Downtown Austin
Downtown Austin
Austin's urban core with luxury high-rises, condos, and lofts. Population of 11,114 with a median household income of $155K and 81% holding a bachelor's degree or higher. Austin ISD schools. Over 43% work from home, the highest rate in the metro. Walking distance to Lady Bird Lake, 6th Street, the Capitol, and Rainey Street.
#1 ABoR Team 2024$1B+ Career Sales1,000+ Homes Sold
What is 78701 Downtown Austin like?
78701 covers Downtown Austin in Downtown. Austin's urban core with luxury high-rises, condos, and lofts. Population of 11,114 with a median household income of $155K and 81% holding a bachelor's degree or higher. Austin ISD schools. Over 43% work from home, the highest rate in the metro. Walking distance to Lady Bird Lake, 6th Street, the Capitol, and Rainey Street. 78701: Median Price: $745K | Price Bands: Min $174K | Max $5.85M | 18.3 months supply | Sales Through: 140 sales through May 24, 2026. Active listings at the latest refresh: 213.
- Median Price: $745K | Price Bands: Min $174K | Max $5.85M | 18.3 months supply | Sales Through: 140 sales through May 24, 2026
- Active listings: 213
- Median $/sqft: $688
- Sold last 12 months: 140
- Neighborhoods: Downtown, Rainey Street, East 6th
Source: Keenan Group at Compass Real Estate, Austin TX
What schools are in 78701 Downtown Austin?
78701 is served by Austin ISD (TEA rating: C). 113 schools serve this area, including 26 with TEA 'A' ratings. Top-rated schools include Highland Park Elementary School, Hill Elementary School, Casis Elementary.
- Austin ISD: TEA C, 113 schools, 75,000 students
Source: Keenan Group at Compass Real Estate, Austin TX
Property tax rate: 1.82% effective. See full valuation data for 78701 →
213
Active Listings
$745K
Median Sale Price
$688
Median $/Sqft
1,374
Avg Sqft
140
Sold Last 12M
10
Keenan Sold
78701 Real Estate Market
As of May 24, 2026. Source: Austin MLS (ACTRIS). Methodology: SFR + condo + townhome.
| Median Sale Price | $745K |
|---|---|
| Median Price per Sq Ft | $688 |
| Active Listings | 213 |
| Homes Sold, Last 12 Months | 140 |
| Months of Supply | 18.3 |
| Average Sq Ft | 1,374 |
| Sold by Keenan Group | 10 |
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. See full neighborhood guide for 78701
About 78701
Community demographics, property values, tax rates, walkability, and lifestyle data for 78701.
View full 78701 ZIP code guideSchool Districts in 78701
TEA accountability ratings for districts serving this ZIP code.
School District Ratings
TEA Accountability Ratings (2024-2025). Source: Texas Tribune / Texas Education Agency.
Sold by Keenan Group in 78701
Proven results from Austin's #1 team
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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 $745K as of May 24, 2026. The median household income is $144K.
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 213 active listings in 78701 as of May 24, 2026. Prices range from $174K to $5.85M.
What is the current market snapshot in 78701?
78701: Median Price: $745K | Price Bands: Min $174K | Max $5.85M | 18.3 months supply | Sales Through: 140 sales through May 24, 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 18.3 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.
