Market Overview for Zip Code 78724

There are 70 active listings in Zip Code 78724 with a median list price of $444K and a median sold price of $357K.

Homes average 82 days on market.

Over the past 30 days, 9 homes have sold, with 112 sales in the past 12 months.

The average price per square foot is $245.

About Zip Code 78724

Zip code 78724 covers the Harris Branch and Colony Park areas of northeast Austin and unincorporated eastern Travis County, approximately 10 miles northeast of downtown. The zip code is bounded roughly by US-290 to the south, SH-130 to the east, FM 973 to the north, and Ed Bluestein Boulevard/Decker Lane to the west. The terrain is flat to gently rolling Blackland Prairie with Walter E. Long Lake (Decker Lake), a 1,269-acre city-owned reservoir, occupying the central-eastern portion of the zip code. Development includes the Harris Branch master-planned community, the Colony Park neighborhood, and scattered rural properties along FM 969 (Martin Luther King Jr. Boulevard East).

Real estate in 78724 is among the most affordable in the Austin city limits. The median home price is approximately $325K. Harris Branch, the largest subdivision, offers single-family homes from $275K for three-bedroom models to $450K for five-bedroom properties. Colony Park, a historically African American community dating to the mid-20th century, has older homes on larger lots from $200K to $350K. Rural acreage properties east of Decker Lane range from $300K to $600K. New apartment complexes along Harris Branch Parkway offer two-bedroom units from $1,200 to $1,600. The area has attracted national builders including KB Home, Lennar, and D.R. Horton, and continued development is expected as Austin expands eastward.

Students in 78724 are split among multiple school districts depending on location. Manor ISD serves the northern portions, with campuses including Manor Elementary, Manor Middle School, and Manor High School. Del Valle ISD covers the southern sections. Austin ISD serves some western areas. Manor ISD has experienced rapid enrollment growth, adding new campuses to keep pace with residential development. The district offers career and technology programs, dual-language instruction, and a New Tech High School model emphasizing project-based learning.

The 78724 zip code is served by SH-130 (a north-south toll road), US-290, and FM 969. Downtown Austin is approximately 20 minutes west via US-290. Austin-Bergstrom Airport is about 20 minutes south via SH-130. Walter E. Long Metropolitan Park on the reservoir provides camping, boating, fishing, and a new disc golf course. The Colony Park District Plan, a city-led master plan, envisions a mixed-use town center with retail, housing, and community facilities on 208 acres of city-owned land. Samsung Austin Semiconductor and the broader east Austin industrial corridor along SH-130 provide nearby employment opportunities.

Living in Zip Code 78724