Travis County, The Hills, TX 78738
A gated golf village surrounded by Lakeway, with an August 2026 read on The Hills home prices, pace and active listings.
Market snapshot · As of September 28, 2026
Over the rolling three months ending August 2026, the median sale price in The Hills was $988,346, up 1.7% year over year, and median price per square foot held flat at $329. Homes sold after a median 69 days versus 71 a year earlier, and the sale-to-list ratio rose 1.2 points to 97.0%. The village is small, with 24 sales in the window, so single transactions move these figures.
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.
As of September 28, 2026 · redfin.com
Latest Market Report
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%.
$988,346 for the three months ending August 2026, against a 6.4% decline in the Austin metro median.
A median 69 days versus 71 a year earlier, with typical homes going pending in around 55 days.
Up 1.2 points year over year, with 8.7% of homes selling above list price.
Eleven of 17 active listings on September 28, 2026 were asking $1 million or more.
The Hills is a gated village of 2,613 residents (2020 census) in ZIP 78738, in Travis County west of Austin. It was developed as The Hills of Lakeway and incorporated in May 1997 as the Village of The Hills, a Type B General Law municipality with a mayor and five aldermen, and the City of Lakeway surrounds it. The Hills of Lakeway Property Owners Association runs the private roads and gated entry, and Hurst Creek MUD provides utilities. The Hills Country Club, home to the Jack Nicklaus-designed Hills course and Flintrock Falls, is the village's major business. The village park on The Hills Drive hosts community events, and homes are zoned to Lake Travis ISD. Over the three months ending August 2026, the median sale price was $988,346, up 1.7% year over year.
The Hills Country Club is the village's major business. Its courses include the Hills course, designed by Jack Nicklaus, and Flintrock Falls, an 18-hole, par-72 course that opened in 2002. The club also offers tennis, pickleball, swimming, a fitness center and dining.
The village park at 2 The Hills Drive has a pavilion that residents can reserve. It hosts village events such as National Night Out, movie nights and Hills Fest, and a new park flagpole was scheduled for dedication to local veterans on July 4, 2026.
The Hills incorporated in May 1997 as a Type B General Law municipality, and the City of Lakeway surrounds it. The Hills of Lakeway Property Owners Association operates the private roads and gated entry, and Hurst Creek MUD provides utility service.
A Parks and Recreation Commission and a Welcome Committee Commission plan village events and meet monthly at The Hills conference building. Hills Fest, which the Park Commission and The Hills POA have hosted as an annual event, returns to the park on October 25, 2026.
The Hills is served by Lake Travis ISD. Redfin lists Serene Hills Elementary for the area, rated 9/10 by GreatSchools, a third-party rater. Confirm current zoning for a specific address with the district.
Common Questions
It is close to balanced. Over the three months ending August 2026, the median sale price in The Hills rose 1.7% year over year to $988,346, and sale-to-list climbed to 97.0%. Redfin scores the village somewhat competitive at 49 out of 100, with typical homes selling about 3% below list.
$988,346, per Redfin's rolling three-month window ending August 2026, up 1.7% from a year earlier. Median price per square foot was $329, flat year over year. The 17 active listings on September 28, 2026 asked from $375,000 to $3,699,000, and 11 of them asked $1 million or more.
About 69 days at the median over the three months ending August 2026, versus 71 days a year earlier. Redfin estimates typical homes in the village go pending in around 55 days and hot homes in around 29, and 8.7% of homes sold above list price.
Most single-family listings show $129 a month. On September 28, 2026, 11 of the 17 active listings Redfin showed for The Hills listed HOA dues of $129 a month, while condo listings showed $344 to $700. Confirm the current dues and any club fees for a specific property before you buy.
Lake Travis ISD. Redfin lists Serene Hills Elementary for The Hills area, and GreatSchools, a third-party rater, gives that campus a 9 out of 10. School boundaries can change, so confirm zoning for a specific address directly with Lake Travis ISD before you buy.
Mostly single-family homes, plus a few condos. Of the 17 active listings on September 28, 2026, most were single-family homes of about 2,200 to 5,700 square feet built from 1987 to 2026, and three were in the Lakeside and Greens and Crystal Springs condo complexes.
Golf and village events are the anchors. The Hills Country Club offers golf, including Flintrock Falls, plus tennis, pickleball, swimming and fitness. The village park at 2 The Hills Drive hosts National Night Out on October 6 and Hills Fest on October 25, 2026, and Lakeway surrounds the village.
A Real Estate Advisor with Kuper Sotheby's International Realty, part of Creath Partners, a family business his father Garry Creath founded in 1971 and brought to Austin in 1989. He sold software to Fortune 500 companies before joining. He holds Texas real estate license #547237.
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