The Hills Market Report: Prices Edge Up 1.7% While the Austin Metro Slips
For the three months ending August 2026, the median sale price in The Hills rose 1.7% year over year to $988,346, while the Austin metro median fell 6.4%. Homes sold after a median 69 days, and sale-to-list rose to 97.0%.
Median price up 1.7% year over year
$988,346 for the three months ending August 2026, against a 6.4% decline in the Austin metro median.
Days on market steady at 69
A median 69 days versus 71 a year earlier, with typical homes going pending in around 55 days.
Sale-to-list rose to 97.0%
Up 1.2 points year over year, with 8.7% of homes selling above list price.
Most listings ask $1 million or more
Eleven of 17 active listings on September 28, 2026 were asking $1 million or more.
The short answer: prices in The Hills held up through summer 2026 even as the wider Austin market softened.
Over the rolling three months ending August 2026, the median sale price in the Village of The Hills was $988,346, up 1.7% from the same period a year earlier, according to Redfin. Median price per square foot was $329, flat year over year. For contrast, Unlock MLS reported the Austin-Round Rock-San Marcos median close price fell 6.4% year over year in August 2026 to $412,000, with metro sales down 7.3%.
Pace is steady. Homes in The Hills sold after a median 69 days, compared with 71 a year earlier. Redfin scores the village somewhat competitive at 49 out of 100, with typical homes going pending in around 55 days and selling about 3% below list, while hot homes go pending in around 29 days.
Buyers paid closer to asking. The sale-to-list ratio rose 1.2 points to 97.0%, and 8.7% of homes sold above list price, up 3.4 points. There were 24 sales in the window, which Redfin puts at 24.2% more than a year earlier.
Read the numbers with the sample size in mind. The Hills is a small, gated village, and 24 sales is a thin base. One or two high-end closings can move the median several percentage points in either direction, so a specific home's value is better judged from recent comparable sales on nearby streets.
Inventory is concentrated above $1 million. Redfin showed 17 active listings in The Hills on September 28, 2026, asking from $375,000 to $3,699,000. Eleven of them, about 65%, asked $1 million or more, with six between $1 million and $1.5 million and four between $1.5 million and $2 million. Four listings, including condos, asked under $750,000.
What to do with this. Sellers: The Hills has not tracked the metro's price decline, but a 69-day median means pricing to recent village comps matters more than pricing to 2025 headlines. Buyers: expect to negotiate modestly, since typical homes still sell a little under list.
About this report. Jonathan Creath is a Real Estate Advisor with Kuper Sotheby's International Realty and part of Creath Partners, the family business his father Garry Creath founded in 1971 and brought to Austin in 1989. This is the first monthly report on The Hills in his coverage of communities around Lakeway. TREC License #547237.
The Hills as of September 28, 2026
These figures are frozen at publication. The The Hills guide carries the current month's numbers.
Every number, and where it came from.
Median sale price in The Hills was $988,346 over the three months ending August 2026, up 1.7% year over year; median price per square foot was $329, up 0.0%.
redfin.com ↗Homes in The Hills sold after a median 69 days on market compared with 71 days last year; 24 homes sold, up 24.2% year over year.
redfin.com ↗Sale-to-list price in The Hills was 97.0%, up 1.2 points year over year; 8.7% of homes sold above list, up 3.4 points.
redfin.com ↗Redfin's Compete Score for The Hills is 49, with typical homes selling about 3% below list and going pending in around 55 days, and hot homes in around 29 days.
redfin.com ↗17 active listings in The Hills on September 28, 2026 asked from $375,000 to $3,699,000, with band counts of 4 under $750K, 2 from $750K-$1M, 6 from $1M-$1.5M, 4 from $1.5M-$2M and 1 above $2M; 11 listed HOA dues of $129 a month.
redfin.com ↗The Austin-Round Rock-San Marcos MSA median close price fell 6.4% year over year to $412,000 in August 2026, and sales fell 7.3% to 2,501.
unlockmls.com ↗
Sale metrics are Redfin's calculations from MLS and public records for the city of The Hills, TX, reported on a rolling three-month basis ending August 2026, retrieved September 28, 2026. The price distribution is not from a banded source: it is approximated by counting the list prices of the 17 active listings (all home types) Redfin showed for The Hills on September 28, 2026, so it reflects asking prices of current inventory rather than closed sales.
