The Rainey/Congress condo core plus 2nd Street District. Attached product dominates; SFR is nearly extinct here.
Luke's Take on 78701 · Downtown Austin
Downtown vertical inventory has been the softest condo tier in the metro for two quarters running. Motivated sellers who bought in 2021-2022 are absorbing losses; the newer 2024-2025 buildings are holding pricing better. If you're renting downtown at $2,800+/mo, run the buy-vs-rent math seriously - HOA-inclusive.
The numbers
Across 60 closed sales in the last 90 days, the median close in 78701 · Downtown Austin was $674,900 at $694/sqft. Homes averaged n/a days on market, sale-to-list ratio 100%, and 0% of sales closed above the original list price.
Where sales are landing
Residential Condo Amd 360
6 sales · median $799K
44 East Ave Condos
4 sales · median $798K
Condo
4 sales · median $1300K
Town Lake Residences Condo
3 sales · median $2295K
Austonian Condo Community
3 sales · median $1799K
Milago Condo Amd
3 sales · median $550K
Recent closed sales
Every sale below closed in the last 90 days per ACTRIS MLS. Sorted newest first.
| Address | Bd | Ba | SqFt | Close Price | $/sqft | DOM | Closed |
|---|
| 98 San Jacinto Blvd #1305 |
2 |
2 |
1,471 |
$1,900,000 |
$1,292 |
|
Sep 18, 2026 |
| 98 San Jacinto Blvd #1109 |
2 |
3 |
1,815 |
$2,950,000 |
$1,625 |
|
Sep 18, 2026 |
| 501 West Ave #1002 |
1 |
1 |
846 |
$629,000 |
$743 |
|
Sep 16, 2026 |
| 200 Congress Ave #11F |
2 |
3 |
1,926 |
$1,799,000 |
$934 |
|
Sep 14, 2026 |
| 301 West Ave #2105 |
1 |
1 |
1,001 |
$799,000 |
$798 |
|
Sep 11, 2026 |
| 301 West Ave #1004 |
2 |
2 |
1,474 |
$1,249,900 |
$848 |
|
Sep 10, 2026 |
| 40 N I H 35 None #10A3 |
3 |
2 |
1,743 |
$875,000 |
$502 |
|
Sep 8, 2026 |
| 44 East Ave #2607 |
2 |
2 |
1,221 |
$798,000 |
$654 |
|
Sep 8, 2026 |
| 54 Rainey St #706 |
2 |
2 |
1,341 |
$550,000 |
$410 |
|
Sep 1, 2026 |
| 313 W 17th St #1404 |
2 |
2 |
1,648 |
$1,395,000 |
$846 |
|
Aug 31, 2026 |
| 48 East Ave #2802 |
|
1 |
450 |
$529,000 |
$1,176 |
|
Aug 28, 2026 |
| 360 Nueces St #2004 |
2 |
2 |
998 |
$629,900 |
$631 |
|
Aug 25, 2026 |
