Why Should I Work With a Real Estate Agent in Austin?

Working with a local Austin real estate agent can help you better understand neighborhoods, pricing, market trends, property taxes, contract terms, and the buying or selling process. Austin’s market can vary significantly from one area to another, so having an experienced agent can make it easier to compare homes, negotiate effectively, and move through the transaction with more confidence.

Is Austin a Buyer’s Market Right Now?

As of July 2026, Austin has about 6.05 months of inventory, which generally indicates a buyer’s market. With more available homes and less pressure than the peak years of the market, buyers may have more room to compare options, negotiate, and take their time making a decision.

What Is the Median Home Price in Austin?

Austin’s median sold home price is $475,000 as of July 2026. While prices can vary widely by neighborhood, property type, size, and condition, this gives buyers and sellers a general benchmark for the local market.

Are Austin Home Prices Going Down?

Austin home prices are currently 13.6% below their May 2022 peak. The market is still finding its footing in 2026, with pricing conditions depending heavily on the neighborhood, home type, and buyer demand in each area.

How Many Homes Are Currently Listed for Sale in Austin?

There are currently 17,573 active listings in the Austin area, which is slightly down from last year. This gives buyers a wider range of options to consider while still requiring a smart search strategy to find the right property.

What Austin Neighborhoods Does Pauly Presley Realty Serve?

Pauly Presley Realty helps buyers, sellers, renters, and tenants throughout Austin and Central Texas, including West Austin, Central Austin, East Austin, Downtown Austin, and surrounding communities. Each area offers a different lifestyle, price range, and mix of homes, so working with a local agent can help you narrow your options.

Can a Real Estate Agent Help Me Rent an Apartment in Austin?

Yes. Pauly Presley Realty works with tenants as well as buyers and sellers. Whether you are looking for an apartment in Downtown Austin, a home in the suburbs, or a rental near work, school, or entertainment, an Austin real estate agent can help you compare listings and find options that fit your needs.

Can Pauly Presley Realty Help Me Sell My Austin Home?

Yes. Pauly Presley Realty assists Austin homeowners with selling their properties by helping with pricing, marketing, listing strategy, negotiations, and transaction guidance. An experienced Austin Realtor can help you understand current market conditions and position your home for the right buyers.

What Makes Pauly Presley Realty Different From Other Austin Real Estate Agents?

Pauly Presley Realty has served the Austin real estate market since 2005 and brings local knowledge, responsive service, daily-updated listing tools, and experience with buyers, sellers, tenants, and residential or mixed-use projects. The team understands Austin’s neighborhoods and helps clients make decisions based on their goals, budget, and timeline.

Can an Austin Real Estate Agent Help With Off-Market Properties?

Yes. Pauly Presley Realty has local connections throughout Austin and may be able to help clients learn about select off-market opportunities before they appear on the MLS. Availability depends on the market, property type, and client needs.

What Should I Look for in an Austin Real Estate Agent?

Look for an Austin real estate agent with local market knowledge, a valid real estate license, strong communication skills, neighborhood experience, negotiation ability, and a clear understanding of the buying, selling, or renting process. A good agent should also help explain terms, timelines, property details, and next steps in a way that feels easy to understand.

How Can I Start Searching for Homes in Austin?

You can start by using Pauly Presley Realty’s Austin property search tools to browse current listings, compare neighborhoods, narrow homes by price and features, and save custom searches. Once you have a clearer idea of what you want, an Austin Realtor can help you tour homes, evaluate options, and move forward with the right property.

Is Downtown Austin a Good Place to Live?

Downtown Austin can be a great fit for buyers or renters who want an active urban lifestyle close to restaurants, nightlife, entertainment, employers, and cultural attractions. It may not be the right fit for everyone, so comparing Downtown Austin with areas like West Austin, Central Austin, and East Austin can help you decide what works best.

Is West Austin a Good Area to Buy a Home?

West Austin is often considered one of the city’s most desirable regions, with access to top schools, shopping, golf courses, and scenic residential areas. Homes in West Austin can vary in price and style, so working with an Austin real estate agent can help you find options that match your lifestyle and budget.

How Do I Contact Pauly Presley Realty?

If you are interested in buying, selling, or renting in Austin, you can contact Pauly Presley Realty by phone or through the website to connect with an experienced Austin Realtor and get started.

1 of 39 - 505 W 7th Street 308, Austin, TX

2 of 39 - 505 W 7th Street 308, Austin, TX

3 of 39 - 505 W 7th Street 308, Austin, TX

4 of 39 - 505 W 7th Street 308, Austin, TX

5 of 39 - 505 W 7th Street 308, Austin, TX

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505 W 7th Street 308, Austin, TX

$349,900

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Bed

Bath

709

Square feet

0.01

Acres

Overview
Facts & Features
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About 505 W 7th Street 308

Rare third-floor residence in Posada Del Rey, a boutique Spanish-inspired condominium community in the heart of Downtown Austin. This move-in-ready one-bedroom home offers an open, thoughtfully designed layout featuring diagonal tile flooring, a wood-burning fireplace with handcrafted Spanish tile, custom built-in shelving, a well-appointed galley kitchen with gas cooking, generous counter space, an updated bathroom, dual bedroom closets, and assigned garage parking. Residents enjoy controlled access, elevator service, beautifully landscaped courtyards, and a resort-style pool that provide a peaceful retreat just moments from the city's vibrant urban core. Whole Foods Market, Trader Joe's, the Austin Central Library, Seaholm District, Republic Square, Lady Bird Lake, and the restaurants and nightlife of West Sixth are all within easy reach. Whether you're seeking a primary residence or a lock-and-leave downtown retreat, this distinctive home combines timeless architectural character, everyday functionality, and one of Austin's most walkable and desirable locations.

Features of 505 W 7th Street 308

MLS® #	4283227
Price	$349,900
Bedrooms	1
Bathrooms	1.00
Full Baths	1
Square Footage	709
Acres	0.01
Year Built	1964
Type	Residential
Sub-Type	Condominium
Status	Active

Community Information

Address	505 W 7th Street 308
Area	DT
Subdivision	Posada Del Rey Condo Amd
City	Austin
County	Travis
State	TX
Zip Code	78701

Amenities

Utilities	Electricity Connected, Fiber Optic Available, Natural Gas Connected, Sewer Connected, Water Connected
Features	Barbecue, Bicycle Storage, Common Grounds/Area, Community Mailbox, Courtyard, Curbs, Gated, Internet Access, Laundry Facilities, Maintenance On-Site, Pool, Sidewalks, Street Lights, Trails/Paths
Parking	Assigned, Covered, Drive Through, Garage
Garage Spaces	1
View	City, City Lights, Panoramic, Pool
Is Waterfront	No
Waterfront	None
Has Pool	Yes

Interior

Interior	Tile
Interior Features	Bookcases, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Main Level Primary, Open Floorplan, Pantry, Stone Counters, Recessed Lighting, Walk-In Closet(s), High Speed Internet
Appliances	Dishwasher, Disposal, ENERGY STAR Qualified Dishwasher, Exhaust Fan, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s)
Heating	Ceiling
Fireplace	Yes
# of Fireplaces	1
Fireplaces	Family Room, Raised Hearth, Wood Burning
# of Stories	1
Stories	One

Exterior

Exterior Features	Garden, Lighting, Outdoor Grill, Private Entrance, Rain Gutters
Lot Description	City Lot, Garden, Landscaped, Trees Large Size, Trees Medium Size, Views
Roof	Composition, Mixed, Rubber, Spanish Tile
Construction	Stucco
Foundation	Slab

School Information

District	Austin ISD
Elementary	Mathews
Middle	O Henry
High	Austin

Additional Information

Date Listed	June 5th, 2026
Days on Market	87
Foreclosure	No
Short Sale	No
RE / Bank Owned	No

Listing Details

Office	Compass RE Texas, LLC
Contact Info	(512) 575-3644

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