Market Overview for Zip Code 78703
There are 139 active listings in Zip Code 78703 with a median list price of $1.4M and a median sold price of $1.2M.
Homes average 77 days on market.
Over the past 30 days, 22 homes have sold, with 231 sales in the past 12 months.
The average price per square foot is $768.
About Zip Code 78703
Zip code 78703 covers some of central Austin's most established residential neighborhoods, including Tarrytown, Clarksville, Old West Austin, Bryker Woods, and Deep Eddy, in western Travis County. The zip code is bounded roughly by MoPac Expressway (Loop 1) to the west, Lamar Boulevard to the east, West 45th Street to the north, and Lake Austin Boulevard and the Colorado River to the south. These neighborhoods developed primarily between the 1920s and 1960s as Austin's first suburban expansion west of downtown, and they retain a mature tree canopy of live oaks, pecans, and elms that distinguishes the area's streetscapes from newer Austin developments.
Real estate in 78703 commands some of the highest prices in Austin due to its central location, established character, and proximity to downtown and Lake Austin. The median home price exceeds $1 million. Older bungalows and mid-century homes on standard lots (7,000 to 10,000 square feet) in Bryker Woods and Clarksville start around $700K, though most have been updated or fully remodeled. Larger Tarrytown homes on lots of 10,000 to 20,000 square feet range from $1 million to over $3 million. New custom builds replacing teardowns regularly list above $2 million. Condominiums and townhomes are limited but available near Lamar and on Lake Austin Boulevard, starting around $400K for older units. The area experiences steady teardown-rebuild activity, with developers replacing mid-century homes with modern construction.
Students in 78703 attend Austin ISD. Elementary schools serving the area include Casis Elementary, Bryker Woods Elementary, and Mathews Elementary, all of which are among the highest-rated in the district. O. Henry Middle School serves 6th through 8th grade, and Austin High School handles 9th through 12th. Casis Elementary consistently receives top scores on state assessments and is one of the most sought-after attendance zones in Austin ISD. Austin High School on Cesar Chavez is the largest campus in the district and offers International Baccalaureate and extensive AP programs. Private school options nearby include St. Andrew's Episcopal School and Austin Waldorf School.
The 78703 zip code is centrally positioned with MoPac providing north-south expressway access and West 5th/6th Streets connecting directly to downtown in under 10 minutes. Austin-Bergstrom International Airport is approximately 20 minutes southeast via SH-71. The Lake Austin waterfront along the southern edge provides hike-and-bike trail access, rowing club facilities, and the Deep Eddy Pool, a spring-fed public swimming pool opened in 1915. The Clarksville neighborhood, one of Austin's oldest freedmen's communities, has transitioned to a mixed commercial-residential area with restaurants and shops along West Lynn Street. Walsh Boat Landing and Red Bud Isle provide kayak and paddleboard access to Lady Bird Lake and Lake Austin.
