Hyde Park Market Report, June 2026: A Seller's Market Again, and Why the "Median" Is Lying to You

Short answer: As of May 2026, Hyde Park has swung firmly back into a seller's market: 2.16 months of inventory, homes selling in a median of 6.5 days, and at roughly 99% of asking price. Price per square foot, the metric we actually trust, is up about 33% year over year. You may see a scary "median sales price is down" number floating around, and I am going to show you exactly why that one is misleading. Here is the real picture, by the numbers.

First, the honest part about that "median" number

Let me start where most reports would bury the asterisk. If you look at the median sales price line, Hyde Park appears to have dropped more than $500,000 year over year, from about $1.33M last May to about $808K this May. If you stopped there, you would think the neighborhood fell off a cliff.

It did not, and here is why. Last May there were only 4 sales in Hyde Park, and a small handful of high-end homes pulled the median way up. This May there were 10 sales, a broader, more normal mix. When you compare a 4-sale month to a 10-sale month, the median is measuring the *mix of what sold*, not the *change in value*. This is exactly why we do not lead with median price. It is one of the easiest numbers in real estate to misread, and we would rather show you the ones that actually tell you what your home is worth.

So let's look at those.

The metric we trust: price per square foot is up

Price per square foot strips out the mix problem, because it measures value per unit, not which houses happened to sell. And it is up sharply:

- Median price per square foot: $610, up from $459 a year ago. That is roughly a 33% increase.

- Average price per square foot: $604, up from $463.

That is the real appreciation story in Hyde Park, and it is a strong one. The neighborhood is not cheaper. The right homes are commanding more per foot than they did a year ago.

It is a seller's market again

A year ago Hyde Park had nearly 5 months of inventory, which is balanced-to-soft. Today it is back to a clear seller's market:

-Months of inventory: 2.16 (down from 4.88). Under about 3 months favors sellers.

-Active listings: 29, down from 37.

-Success rate: 72.7% of listings selling, up from 63.6%.

Less supply, more of it actually selling. That is the definition of the market tightening in the seller's favor.

Homes are selling fast, and close to ask

This is where the shift really shows up, and it is the number I would pay attention to if you are thinking about selling:

-Median days on market: 6.5 days, down from 20.5 a year ago. Well-prepared, well-priced Hyde Park homes are going under contract in about a week.

-Average days on market: 11.7 days, down from 21.8.

-Asking vs. sales price: -0.84%. Homes are closing within about 1% of their asking price, versus nearly 16% under ask a year ago.

When homes sell in a week at essentially full price, sellers have leverage. That is the headline of this report.

The full month at a glance

For May 2026, Hyde Park saw 9 new listings, 7 pending, and 10 closed sales, for $9.27 million in sales volume, more than double the $4.54 million from the same month last year. Year-over-year appreciation came in at 6.42%, a healthy positive after last year's soft patch.

What this means if you own in Hyde Park

If you have been waiting for "a better market" to sell, this is one. Low inventory, fast sales, and prices holding within a point of ask is about as favorable a setup as a seller gets here. But, and this is the whole point of how we work, the right time to sell is specific to you and your goals, not a headline. We are happy to run your home's actual numbers, on price per foot and recent comparable sales, not a misleading median, so you can decide on real information. That is the kind of analysis we do for Hyde Park every single month. If you want yours, just ask. We are delighted to be your guides to Austin and Austin real estate, and always happy to nerd out on the numbers with you.

Frequently asked questions

Is Hyde Park a buyer's or seller's market right now?

A seller's market. As of May 2026, Hyde Park has 2.16 months of inventory (under three months favors sellers), down from 4.88 a year earlier, with homes selling in a median of 6.5 days at about 99% of asking price.

Did Hyde Park home prices really drop?

No. The median sales price looks lower year over year, but that is a mix artifact: last May had only 4 sales skewed toward high-end homes, while this May had 10 sales across a broader range. The more reliable measure, price per square foot, is actually up about 33% (to a $610 median).

How fast are homes selling in Hyde Park?

Quickly. The median days on market in May 2026 was 6.5 days, down from 20.5 a year ago, and homes are closing within roughly 1% of their asking price.

What is the best metric to value a Hyde Park home?

Price per square foot and recent comparable sales, adjusted for condition, are far more reliable than median sale price, which can swing wildly month to month based on the small number and mix of homes that happen to sell.

*Data source: Unlock MLS, Hyde Park single-family residential, May 2026 compared with May 2025. Figures are neighborhood aggregates and not a valuation of any specific property. Jen Berbas is the team lead of the Berbas Group in Austin, Texas, and a former statistical arbitrage trader who brings a data-driven approach to Hyde Park and historic Austin real estate. [berbasgroup.com](https://www.berbasgroup.com/)*

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Our goal as your trusted real estate advisors is to provide you with the information you need to help you reach your investment goals.  

As always, real estate is hyperlocal and extremely situational, so please reach out to us to discuss your specific situation. We’d love to help you and strategize what’s in your best interest.

Cheers!

Jen

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