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, a buyer has very few homes to choose from at any given time.
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