78731 Home Value

Austin 78731 home values span Northwest Hills, Far West, and Mesa neighborhoods. Lot size, school zone, and renovation level determine where a home falls in the $650K-$2.5M range.

Austin ISD / Eanes ISD
$650K-$2.5M
ZIP 78731

What determines home value in 78731?

78731 straddles the AISD/Eanes ISD boundary. Homes zoned to Eanes schools trade at a 10-15% premium over AISD-zoned comparables at the same condition level.

Properties on the western edge of 78731 (near 360/Capital of Texas Highway) benefit from Hill Country proximity and shorter commutes to Westlake employers.
Lot sizes range from 0.15 acres in Far West condos to 1+ acres on Mesa Drive. Price per square foot varies 40-60% across the ZIP based on lot alone.
The Domain, Apple campus, and tech corridor accessibility make eastern 78731 competitive for relocation buyers who want good schools without Westlake prices.

Source: Keenan Group at Compass Real Estate, Austin TX - #1 Austin Board of Realtors Team (2024)

Current Market Snapshot

Source: Austin MLS/VOW data | Geography: ZIP 78731, single-family, all MLS closed sales | Window: trailing 12 months | Computed: Oct 15, 2026

Median Sold Price: $1.21M
Median Days on Market: 46
Sale-to-List Ratio: 92.6%
Months of Supply: 2.7

Comparable Sale Constraints

Why generic online estimates miss the mark here.

78731 contains multiple micro-markets: Far West condos ($300K-$500K), Northwest Hills ranches ($700K-$1.5M), and premium estates ($1.5M-$2.5M). ZIP-wide averages are misleading.
Condo and townhome sales dilute single-family metrics. Filter by property type before comparing.
The AISD/Eanes boundary creates two distinct price tiers within the same ZIP code.

TCAD Assessment Context

TCAD values in 78731 show the widest dispersion of any luxury-adjacent ZIP: long-held homestead-capped properties are assessed 20-30% below market, while recent purchases are assessed near sale price. This makes ZIP-level TCAD averages unreliable for individual pricing.

Frequently Asked Questions

How accurate are 78731 Home Value estimates?

Accuracy depends on comp quality. 78731 contains multiple micro-markets: Far West condos ($300K-$500K), Northwest Hills ranches ($700K-$1.5M), and premium estates ($1.5M-$2.5M). ZIP-wide averages are misleading. For a pricing decision, request a full CMA from Keenan Group that accounts for condition, lot, school zone, and current competition.

What drives home values in 78731?

78731 straddles the AISD/Eanes ISD boundary. Homes zoned to Eanes schools trade at a 10-15% premium over AISD-zoned comparables at the same condition level.

How does TCAD assessment compare to market value here?

What should I prepare before requesting a valuation?

Helpful information to share: recent improvements or renovations with dates and approximate costs, any features not in TCAD records (finished garage conversions, pool upgrades, custom built-ins), current HOA dues and special assessments, recent property tax protest results, and photos of interior, exterior, and unique features. None of this is required - we can start with just your address.

How do I request a free CMA for my 78731 home?

Call (512) 415-7653 or visit thekeenangroup.com/contact. Provide your property address and any relevant context (selling timeline, renovation history, estate or refinance purpose). The Keenan Group delivers a preliminary CMA within 24-48 hours, free and with no obligation to list.