Market Overview for Zip Code 78741
There are 109 active listings in Zip Code 78741 with a median list price of $339K and a median sold price of $348K.
Homes average 86 days on market.
Over the past 30 days, 17 homes have sold, with 136 sales in the past 12 months.
The average price per square foot is $299.
About Zip Code 78741
Zip code 78741 covers the East Riverside and Oltorf corridor of southeast Austin, extending from roughly the south shore of Lady Bird Lake on the north to Ben White Boulevard (Highway 71) on the south, and from I-35 on the west to Pleasant Valley Road and beyond on the east. The area is approximately 3 to 5 miles southeast of downtown Austin, making it one of the closest-in residential areas to the central business district. East Riverside Drive, the primary commercial corridor, has undergone significant transformation over the past decade as older apartment complexes have been demolished and replaced by mixed-use developments and mid-rise residential projects. The Oracle (formerly Google Fiber) campus and the forthcoming Oracle headquarters expansion along the waterfront are catalysts for continued redevelopment.
Real estate in 78741 has shifted dramatically in recent years. The area historically consisted of affordable apartment complexes and modest single-family homes built from the 1950s through 1970s. Remaining single-family homes on lots of 0.1 to 0.25 acres range from $275K to $500K, though inventory is shrinking as redevelopment continues. New condominium projects along East Riverside Drive list from $300K to $600K for one- to two-bedroom units. Townhome developments offer options from $400K to $650K. The median home price for available single-family and condo inventory is approximately $375K. The area has one of the highest concentrations of rental units in Austin, with numerous new apartment complexes offering studios to two-bedrooms.
Students in 78741 attend Austin ISD schools. Elementary campuses include Allison Elementary and Joslin Elementary. Martin Middle School covers 6th through 8th grade. Crockett High School, the feeder high school, serves approximately 1,600 students and has undergone recent facility renovations. The area also has proximity to Travis Early College High School, which offers dual-enrollment programs with Austin Community College. Several bilingual and dual-language programs are available at the elementary level, reflecting the diverse student population.
The proximity to downtown Austin is the defining transportation advantage of 78741. I-35 runs along the western boundary, and Pleasant Valley Road connects north to the East Side and south to Ben White Boulevard. Capital Metro bus routes along East Riverside and Oltorf provide frequent service, and the South Pleasant Valley Park and Ride offers express options. The future Blue Line of Project Connect, Austin's light rail system, is planned to run along the East Riverside corridor. The area is also served by multiple bike lanes and the Boardwalk Trail along Lady Bird Lake. Austin-Bergstrom International Airport is approximately 10 minutes south via Highway 71.
