78731 Homes for Sale | Northwest Hills

#1 Austin Board of Realtors Team 2024

78731 Real Estate Market

As of May 24, 2026. Source: Austin MLS (ACTRIS). Methodology: SFR only.

78731 Northwest Hills market data as of May 24, 2026
Median Sale Price	$1.25M
Median Price per Sq Ft	$487
Active Listings	54
Homes Sold, Last 12 Months	164
Months of Supply	4.0
Average Sq Ft	2,995
Sold by Keenan Group	104

Data as of May 24, 2026. Source: Keenan Group at Compass Real Estate, Austin MLS (ACTRIS).

What Our Clients Say About Northwest Hills

“The pandemic made it difficult for us (from Iowa) to personally visit sites of possible homes in Austin and its vicinity. Add to that the prevailing crazy housing market — it made finding and buying your perfect home in another state so daunting, if not next to impossible! But Cara Keenan and the whole of Joe Keenan and Cara Keenan's team made it all feasible for us as if we were just close by! She made it easier for us to look at possibilities, was very responsive, gave much clearer pictures of properties that interested us, and was so patient with us as we go from one property to the next. No pressure. Her words of encouragement helped ease our disappointment each time we found out the house was already sold or our offer was not accepted. Since we could not be there to see the property (which we eventually purchased), she brought the details to us through videos, some of which she made under some bad weather! Now, that's dedication! She has a well-organized team that helped us and anticipated our needs, and made the whole finding-to-closing process so much smoother. Even after closing, the team still communicates with us, trying their best to help us, especially as we are still in the process of moving a few weeks after closing! They're all very caring, very gracious, and highly professional. It truly was a pleasure working with them, and we would highly recommend Cara Keenan and the Keenan Group in a heartbeat!”
— Lita Rule (Buyer), Northwest Hills

“Let me start by saying that Joe Keenan and Cara Keenan did an awesome job. Not only were they polite and respectful, but they were informative and down right professional. This was my first time buying a house and I have to say they made it a very pleasant and almost easy experience. I would recommend these two to anyone who knows what kind of things they are looking for, and even those who don't, these Realtors know their stuff so they can help find anything that fits you. They don't try and sell you or give false information. I feel as if they wanted what was best for me even if I didn't decide to go with them. I can't express how much I appreciate all that was done for me. As a young adult stepping into a new environment of purchasing my own home, they made sure I understood and knew every detail that went into what I was going to buy. All in all, this was a great experience for me and I hope more people will request Joe Keenan and Cara Keenan because I know they will help to the best of their abilities and beyond. Thanks again guys!”
— Joel Johnson (Buyer), Westover Hills

“Cara and Joe have been friends of ours for several years. My wife and I have referred several clients to them and they always do a very professional job with them. On this particular transaction in Travis Country they represented me as an investor and handled both the purchase and the sale and I couldn't have been happier. We are currently going under contract on another investment property and hopefully this one will provide me with the return I am after. And I plan on doing many more with them as my agents. I congratulate Keenan Group at Compass Real Estate on developing a great real estate business model via the best online product in the marketplace. It brings real and proven leads/customers to your agents while providing buyers and sellers the best search engine available. The time and money Keenan Group at Compass Real Estate devoted to it originally, and continue to refine, has got to have paid them back many times over. In the business world there is no substitute for expertise. So yes, I am a very happy client and referral source.”
— Jerry Pritchard (Seller), Northwest Hills

FAQ: 78731 Real Estate

Common questions from buyers and sellers exploring this ZIP.

How many homes are for sale in 78731?

There are 54 active listings in 78731 as of May 24, 2026. Prices range from $560K to $10.00M.

What is the current market snapshot in 78731?

78731: Median Price: $1.25M | Price Bands: Min $560K | Max $10.00M | 4.0 months supply | Sales Through: 164 sales through May 24, 2026. This ZIP market dataset uses sfr only filtering. Contact the Keenan Group for a tailored valuation for your specific property.

How competitive is the 78731 market in 2026?

78731 currently shows about 4.0 months of supply. Under 3 months generally signals a seller's market, while over 6 months gives buyers more negotiating room. Demand still varies by block, school assignment, and condition.

Who is the top real estate team in 78731?

The Keenan Group at Compass is Austin's #1 real estate team (Austin Board of Realtors 2024), with $1B+ in career sales and 1,000+ transactions across the metro. Joe and Cara Keenan have 25+ years of Austin expertise and deep market knowledge across 78731 and adjacent ZIPs. Contact (512) 415-7653 to schedule a consultation.

What property types are available in 78731?

78731 (Northwest Hills) inventory typically includes single-family homes, townhomes, condos, and in select areas: estate properties on larger lots, new construction, and waterfront homes. Price range, lot size, and architectural style vary significantly by sub-neighborhood. Contact (512) 415-7653 for a custom search.

Do HOAs apply to most homes in 78731?

HOA prevalence in 78731 depends on the specific neighborhood. Central Austin ZIPs (78703, 78704, 78756, 78757) are mostly unincorporated neighborhoods without formal HOAs. Suburban ZIPs (78730, 78732, 78733, 78738, 78739) commonly have HOAs with dues ranging from $400-$2,800/year. Keenan Group can pull HOA documents during the option period for any active listing.

When is the best time to buy in 78731?

Austin metro buying patterns: spring (March-June) sees the most inventory and competitive offers. Fall (September-November) provides the best negotiating room. Winter transactions are fewest but often include motivated sellers. 78731 timing can differ — Keenan Group advises based on your specific target properties.

Does Keenan Group work with first-time buyers in 78731?

Yes. The Keenan Group guides first-time buyers in 78731 through every step: mortgage pre-approval, school district research, inspections, Texas-specific option period strategy, and closing. Many first-time buyers return as repeat clients.

What neighborhoods and demographics are in 78731?

78731 includes Northwest Hills, Highland Park West, Cat Mountain, Balcones Woods. For demographics, schools, walkability, property tax data, and community profile, see our 78731 ZIP code guide.

78731 Homes for Sale — Northwest Hills

Northwest Hills

What is 78731 Northwest Hills like?

Why Choose the #1 Austin Board Team

What schools are in 78731 Northwest Hills?

78731 Real Estate Market

What Our Clients Say About Northwest Hills

About 78731

School Districts in 78731

School District Ratings

Active Listings in 78731

4323 Mt Bonnell Rd

4407 Island Cv

6601 N Capital of Texas Hwy

6601 N Capital of Texas Hwy

4500 River Wood Ct

4301 Balcones Dr

Sold by Keenan Group in 78731

7615 Rockpoint Dr

6905 Ladera Norte

6109 Mountain Villa Cir

7615 Rockpoint Dr

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