78739 Market Report: Circle C Ranch, Meridian & Shady Hollow
The fastest-moving of Austin's core southwest ZIPs — and the one where mispricing is punished hardest.
78739 is where our own family lives, and it behaves differently from the rest of Austin. Homes here go under contract in a median of 17 days and close at 98.4% of list price. But the same speed that rewards a correctly priced home exposes an incorrectly priced one: 69% of everything currently active has already taken a price cut, the highest share of the four ZIPs we track closely.
Source: ACTRIS / Unlock MLS (feed 30090), single-family closed sales. Trailing 12 months, August 2025 – July 2026. Retrieved August 12, 2026.
78739 at a glance
| Metric | Trailing 12 months | Prior 12 months |
|---|---|---|
| Median sale price | $800,000 | $797,000 |
| Median price per square foot | $293 | $293 |
| Median days on market | 17 | 20 |
| Closed single-family sales | 255 | — |
| Months of supply | 2.2 | — |
| Active listings | 49 | — |
| Sold at percent of list | 98.4% | — |
| Under contract within 14 days | 46% | — |
| Took more than 90 days | 11% | — |
| Active listings with a price cut | 69% (avg 5.7%) | — |
| Middle half of sales | $715,000 to $965,000 | — |
What the data says
Price is flat, but velocity is not
Median price moved just 0.4% year over year, from $797,000 to $800,000, and median price per square foot did not move at all — $293 both years. What changed is speed: median days on market fell from 20 to 17, and 46% of sales now go under contract inside two weeks. This is a market holding its value and clearing faster, which is a healthier combination than price appreciation on thin volume.
The price-cut rate is the real story
69% of active listings have reduced, averaging a 5.7% cut. In a ZIP where correctly priced homes sell in 17 days, a listing that needs a reduction was almost always priced wrong at launch, not defeated by the market. The first two weeks are the whole negotiation.
Inventory is genuinely tight
49 active single-family listings against a pace of roughly 21 sales a month is 2.2 months of supply — the tightest of the four ZIPs. Anything under about four months favors sellers. With 20 more already pending, effective standing choice for a buyer is very small.
Most active subdivisions in 78739
| Subdivision | Sales | Median price | Median days on market |
|---|---|---|---|
| Circle C Ranch | 23 | $855,000 | 29 |
| Circle C Ranch Ph B Sec 03 | 11 | $779,000 | 19 |
| Circle C Ranch Ph B Sec 02 | 10 | $707,750 | 72 |
| Meridian Sec C Ph 03 | 7 | $740,000 | 37 |
| Shady Hollow Add Sec 02 Ph 01 | 7 | $640,000 | 38 |
| Barker Ranch At Shady Hollow | 6 | $787,500 | 54 |
Month by month
| Month | Sales | Median price | Median days on market |
|---|---|---|---|
| 2025-08 | 19 | $727,200 | 35 |
| 2025-09 | 17 | $728,000 | 56 |
| 2025-10 | 24 | $745,000 | 18 |
| 2025-11 | 12 | $802,500 | 16 |
| 2025-12 | 14 | $836,200 | 70 |
| 2026-01 | 8 | $842,000 | 28 |
| 2026-02 | 19 | $750,000 | 42 |
| 2026-03 | 22 | $855,000 | 18 |
| 2026-04 | 30 | $892,000 | 6 |
| 2026-05 | 29 | $795,000 | 10 |
| 2026-06 | 26 | $841,588 | 8 |
| 2026-07 | 35 | $825,000 | 11 |
All Austin ZIP reports: Fenton Grossman Group market insights