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-$2.5MZIP 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: The Keenan Group, #1 Austin Board of Realtors Team (2024)

Current Market Snapshot

Source: Austin MLS/VOW data | Geography: Northwest Hills polygon | Window: trailing 12 months | Computed: May 4, 2026

Median Sold Price

$1127K

Median Days on Market

Sale-to-List Ratio

9552.0%

Months of Supply

4.5

$1M-$1.5M3636%$1.5M-$2M1515%$2M-$3M606%$3M+303%

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.

Property Tax Protest Guide Texas Homestead Exemption Guide

What Should You Do Next?

Get a 78731 CMA that segments by school zone, property type, and micro-neighborhood before using ZIP-wide statistics as a pricing anchor.

Get Instant Estimate Get My 78731 Pricing Range

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.

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Why Choose the #1 Austin Board Team

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#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.

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: The Keenan Group, #1 Austin Board of Realtors Team (2024)

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

Property Tax Protest Guide Texas Homestead Exemption Guide

Frequently Asked Questions

How accurate are 78731 Home Value estimates?

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?

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