Homes for Sale in 78748 – Your South Austin Guide
Are you searching for “Homes for Sale in 78748” and wondering where to start? You’re not alone. Buyers looking in 78748 want value, access to Slaughter Lane and Menchaca Road, and a neighborhood vibe that still feels close to everything in Austin, Texas. This guide from Holley Homes Realty—led by Austin, Texas, Realtor Brandon Holley—breaks down how to shop the South Austin market with confidence, what to expect on pricing, and which pockets fit different budgets and lifestyles.
Homes for Sale in 78748 span starter homes, move-up properties, and renovated resale options close to Southpark Meadows, Mary Moore Searight Metropolitan Park, and the Slaughter/Manchaca corridor. If you’re buying a home in Central Texas or selling a home in Austin, Texas, this overview will help you time the market and search smarter.
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Why Buyers Target 78748
Everyday convenience and outdoor access
- Southpark Meadows offers 1M+ square feet of shopping, dining, and services just off I‑35, putting weekly errands minutes away.
- Mary Moore Searight Metropolitan Park (907 W. Slaughter Ln.) spans about 342 acres, with trails, disc golf, and open space that make 78748 feel livable year‑round.
- Quick connections to MoPac (Loop 1) and I‑35 help commuters reach job centers across Austin, Texas.
Market backdrop (what the data says)
- Mortgage rates:
- Freddie Mac’s Primary Mortgage Market Survey® listed the 30‑year fixed at 6.35% (week of Sept. 11, 2025). Rate movement influences monthly payments and buyer demand.
- 78748 pricing:
- Realtor.com reported a median listing price of about $449,000 in August 2025, down roughly 2.4% year over year—useful context when you’re budgeting or setting an offer strategy.
- Regional supply:
- Unlock MLS (Austin Board of REALTORS®) highlighted ~5.8 months of inventory (May 2025) across Central Texas—conditions that are more balanced than the frenzy of previous years.
Sources: Freddie Mac PMMS (Sept. 11, 2025); Realtor.com 78748 Overview (Aug. 2025); Unlock MLS Central Texas Housing Report (May 2025).
Neighborhood Snapshots: 78748
- Texas Oaks
- Tree‑lined streets and established homes with quick access to Slaughter Lane. A popular entry point for first‑time buyers who want South Austin without the central‑city premium.
- Tanglewood Forest (Tanglewood Forest Limited District)
- Known for community amenities including a neighborhood pool and local parks near Curlew Dr., plus easy reach to Menchaca. Inventory here appeals to buyers who want character and yard space.
- Buckingham Estates
- Well‑sized lots and practical floor plans. Renovated homes here can be competitive; expect move‑in‑ready listings to draw strong attention when priced correctly.
- Canterbury Trails
- Late-1990s homes off Menchaca feature charming street names and are conveniently located near Slaughter Creek trails and Southpark Meadows. Attractive for buyers seeking a suburban feel with quick retail access.
Tip: If you need more space or a newer build, consider comparing nearby Buda (78610) and Kyle (78640). We often run side-by-side payment models and set up new-construction tours so you can decide what trade-offs make sense.
What Does a Competitive Offer Look Like in 78748?
- Funding first:
- Get fully underwritten pre‑approval from a local lender before touring. It strengthens your position and clarifies your max comfort payment.
- Price band strategy:
- We align offers with online search brackets (e.g., $425K, $450K) and use appraisal‑gap strategies where appropriate.
- Condition and timing:
- Updated roofs, HVAC, and foundation documentation can change negotiations. We’ll evaluate disclosures and past permits before you commit.
- Concessions vs. price:
- In a rate‑sensitive market, a seller credit toward a rate buydown can lower your monthly payment more than the same amount taken off price.
- Resale in 78748:
- More established streetscapes, mature trees, and proximity to existing parks and schools. Renovated homes can command a premium.
- Newer builds nearby:
- If you prioritize warranties, energy efficiency, or larger floor plans under a certain price point, builders in 78610 and 78640 may offer incentives or rate buydowns that beat typical resale concessions.
- Sustainability:
- Ask about insulation, windows, and HVAC SEER ratings. Energy‑efficient homes in Austin, Texas, can reduce long‑term costs and help with comfort during peak summer.
Walkability, Parks, and Daily Life
- Parks & trails: Mary Moore Searight Park’s trail network and disc‑golf course make it a weekend staple. Neighborhood pocket parks and the Tanglewood Forest pool add community‑level amenities.
- Food & retail: From coffee along Menchaca to big‑box and local dining at Southpark Meadows, you can keep weeknights simple without driving far.
- Commute patterns: We’ll help you plot commute times and back‑road options. For hybrid schedules, a 78748 base keeps you connected to both downtown and the I‑35 corridor.
Current Facts & Stats You Can Use (with sources)
- Mortgage rates & demand:
- Freddie Mac PMMS—30‑yr fixed 6.35% (Sept. 11, 2025)—helps explain recent upticks in purchase applications.
- 78748 pricing:
- Median list ~ $449,000, down ~2.4% YoY (Aug. 2025)—a practical benchmark for initial searches.
- Central Texas supply:
- 5.8 months of inventory (May 2025)—a more balanced backdrop that rewards accurate pricing and clean offers.
- City scale:
- Austin city population estimate ~ 993,588 (July 1, 2024)—continuing long‑term demand drivers for housing and amenities.
- Southpark Meadows:
- 1M+ sq. ft. of open‑air retail—a major convenience hub for 78748 households.
Sources noted above.
Smart Search Plan with Holley Homes Realty
- Buyer consult:
- Clarify payment comfort, ideal neighborhoods, and must‑have features.
- Live search:
- We set custom alerts for 78748 plus “backup” targets in 78745/78749, Buda (78610), and Kyle (78640).
- Tour strategy:
- See homes early and group showings by micro‑area (Texas Oaks, Tanglewood Forest, Canterbury Trails) to compare objectively.
- Offer playbook:
- We tailor terms—option period, repair caps, seller credits—to win without overspending.
- After closing:
- Utility setup, homestead exemption reminder, and vendor list for any day‑one projects.
A Quick Word from Brandon Holley
“As an Austin, Texas, Realtor who’s walked clients through more than a hundred transactions, my job is to simplify decisions. In 78748, the right plan blends smart financing, neighborhood nuance, and timing. When those align, good houses become great moves.” — Brandon Holley, Holley Homes Realty.
FAQs
- Where can I find affordable homes near Austin?
- Start with 78748 for established options, but also compare Buda (78610) and Kyle (78640) for newer builds and potential builder incentives. We’ll run payment scenarios and tour both resale and new construction.
- How will rate changes impact my monthly payment?
- We’ll model payment differences at today’s rate versus a potential buydown and show the break‑even. Small rate moves can significantly affect affordability in Austin, Texas.
- What if I need to sell before I buy?
- We’ll price your home using local comps and current buyer activity, then coordinate timelines so you can buy and sell at the same time in Central Texas without unnecessary stress.
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At Holley Homes Realty, led by Brandon Holley, we’ll help you time your move and navigate every step with confidence.
Real Deals. Real Stats. Real Estate You Can Trust
Brandon Holley | Broker/Owner | Holley Homes Realty
512.487.9242 | brandon@holleyhomesrealty.com
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We comply with the Fair Housing Act, RESPA, the NAR Code of Ethics, and TREC advertising policies. We avoid discriminatory or misleading language and never guarantee outcomes. Market data can shift quickly; for tax or legal decisions, please consult a qualified professional.
