What does it cost to buy a home in South Lamar right now?

The median South Lamar home sold for $650,000 over the 12 months ending September 2026, across 95 residential sales in the ACTRIS MLS. That is down 5.7% from $689,000 the year before. The median home for sale today is listed at $511,750. Because South Lamar mixes condos, townhomes and houses, the right number for a specific home comes from recent sales of the same type and size nearby.

Over the last 12 months, South Lamar single-family houses sold for a median of $869,000 across 37 sales, while condos sold for a median of $403,000 across 52 sales. The 6 townhome sales had a median of $777,500. Condos are the most common sale here, so the neighborhood median of $650,000 sits between the two. Filter the live search by property type first, then compare against sales of that same type.

South Lamar is in a buyer's market, with about 9.6 months of supply as of September 2026. 57% of homes that sold had cut their price, and the typical home closed at 93.6% of its original list price. With more than half of sold homes needing a price cut, buyers have real leverage. Negotiating room depends on how the specific home was priced, not on the neighborhood as a whole.

Yes. Measured the same way over the same 12 months, South Lamar condos sold for a median of $403,000 across 52 sales, while downtown Austin condos sold for a median of $653,000 across 233 sales. Both are buyer's markets right now, with downtown at about 12.7 months of supply and South Lamar at about 9.6. Compare units of the same size, age and amenities before deciding.

Set up a saved search inside the South Lamar boundary so new listings reach you the day they list, and filter by home type. With about 9.6 months of supply, you have time to compare, and 57% of sold homes had a price cut. For a condo, ask for the HOA dues, budget and reserve study. For a newer house, ask about the builder warranty and any shared lot arrangement.

Launching above the recent sales. Over the last year, 57% of South Lamar homes that sold had cut their price, and the typical home closed at 93.6% of its original list price. The homes that sold fastest launched in line with comparable sales nearby, of the same type and size. Pricing a condo or older house off the new builds nearby is the most common version of this mistake. A home that sits and cuts usually ends up below the price a well-set launch would have brought.

Yes. Of the 37 South Lamar houses that sold over the last 12 months, the 16 built in 2010 or later had a median of $1,302,375. Only 6 were built before 1960, and they had a median of $752,500, a small sample that one sale can move. Across all 37 houses the median was $869,000. Price a home against sales of the same age, size and type on nearby streets.

The median South Lamar home took 86 days to go under contract over the last 12 months, counted on cumulative days on market so relisted homes are not reset. That is slower than the year before, when the median was 60 days. Add roughly 30 to 45 days from contract to closing. The median has slowed from 60 days a year ago, so plan for a longer sale unless the price is sharp.

All 95 South Lamar sales over the last year were in the 78704 ZIP code. That ZIP also covers Zilker, Bouldin Creek, Travis Heights and other neighborhoods with very different prices, so ZIP-level statistics blend a lot. The figures on this page are calculated only from sales inside the South Lamar boundary: a median of $650,000 across 95 sales. Use those, not ZIP-wide figures, when you price a home here.

Request a home value from us and we will price it against the South Lamar sales that actually match it: same home type, similar size, age and condition, and nearby streets, from the last 12 months of ACTRIS MLS closings. For context, the neighborhood median was $650,000 across 95 sales, and the typical home closed at 93.6% of its original list price. An online estimate cannot see condo dues, finish or lot layout, which drive most of the spread here.