What it costs to buy in Northwest Hills right now

What does it cost to buy a home in Northwest Hills/Far West right now?

In an ongoing series with Curbed Austin, real-estate analytics site NeighborhoodX takes a close look at the range of sales asking prices in the area, ranked by cost per square foot, to find out.

Often referred to as simply “Northwest Hills,” the neighborhood is bounded by MoPac on the east, state Highway 360 on the west, RR 2222 on the south, and Spicewood Springs Road on the north. As the name implies, it’s in the hills overlooking Lake Austin, and home to a mix of residents who are attracted to the views, recreation opportunities, and easy access to retail, restaurants, and entertainment in almost every direction.

Because average prices don't tell the whole story of an area’s home values, NeighborhoodX specializes in presenting a less common metric—price per square foot—to provide more complete information on the subject.

The current average asking price in Northwest Hills/Far West is $249 per square foot. The individual properties that make up that average range from $141 per square foot (4855 Twin Valley Drive, a 1980 house on the market for $600,000) to $371 per square foot (4504 Cat Mountain Drive, a large contemporary asking $1.2 million).

To put Northwest Hills/Far West’s prices in context, its prices currently fall between those of Pecan Springs/Springdale ($215 per square foot) and Dawson ($288 per square foot.)