Selling a Home in 78731 Austin TX — What the 2026 Market Shows

Selling a Home in 78731 Austin TX — What the 2026 Market Shows

78731 covers Northwest Hills, Highland Park West, Cat Mountain, and Balcones Woods. Here is what the 2026 numbers show and how to prepare before you list.

What is the 78731 Austin TX housing market like for sellers in 2026?

According to Redfin, the median sale price in 78731 was about $1.14M for August 2026, down 13.9% from a year earlier. The median home sold in 56 days, and sellers received about 97.0% of list price. In short, homes in 78731 are selling at a steady pace, and pricing close to recent sales matters.

78731 market snapshot — 2026

Source: Redfin 78731 housing market data, August 2026. Medians change monthly, so use them as context rather than as a list price.

What buyers in 78731 are paying for

In Northwest Hills, these features tend to separate the homes that sell from the ones that sit:

• Views, especially from Cat Mountain and the higher streets
• Updated mid-century homes
• Quick access to MoPac, Loop 360, and downtown
• Proximity to Bull Creek and other parks

Prices in 78731 are down 13.9% from a year ago. As a result, buyers have more room to negotiate, and homes priced to last year’s market tend to sit.

What to do before listing your 78731 home

Start with a comparative market analysis built on closed sales near your home, not the whole ZIP code. Then fix the items an inspector is likely to flag. If your home has a view, make it the center of your photos and showings. In 78731, views are one of the biggest drivers of price between similar homes.

In addition, check your home’s appraisal history on the Travis Central Appraisal District property search, since buyers often look too.

How 78731 compares to the wider Austin market

Across the City of Austin, the September 2026 median close price was $570,958, up 4.2% year over year, according to the Unlock MLS September 2026 report. The city had 5.4 months of inventory, which gives buyers choices. So 78731 sellers compete with listings across the area, not just next door.

Frequently asked questions

Selling a home in 78731 in 2026 means pricing to the data. The median sale price was about $1.14M for August 2026, homes took a median of 56 days to sell, and sellers received about 97.0% of list price. Sellers who price to nearby sales and prepare well are the ones who close.

Get a 78731 market analysis from Tammy Davison

A no-cost CMA using actual closed sales near your home in 78731. Platinum Top 500 2021–2024. Diamond Club $10M+ 2021–2024. Top Agent Network Austin Top 1%.

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Tammy DavisonREALTOR® · Realty Austin | Compass RE Texas

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