Market Overview for Balcones

There are 23 active listings in Balcones with a median list price of $1.4M and a median sold price of $1.6M.

Homes average 74 days on market.

Over the past 30 days, 6 homes have sold, with 47 sales in the past 12 months.

The average price per square foot is $584.

About Balcones

Balcones (also known as Balcones Park) is a northwest Austin neighborhood in the 78731 zip code, located in the hills between Lake Austin and Camp Mabry. The neighborhood sits within the broader Northwest Hills / Balcones area of Austin, and is best known for its spacious 1950s ranch homes on large lots, mature tree canopy, and rolling limestone terrain.

Lot sizes in Balcones Park average approximately 0.4 acres — substantially larger than most central Austin residential lots — and homes range in size from approximately 1,550 to over 7,000 square feet, with an average size around 3,270 square feet. The original homes are typically mid-century ranch or split-level designs, many of which have been updated or expanded. The neighborhood's interior streets stay quiet thanks to the larger lots and the hilly terrain, which limits through-traffic.

The neighborhood is served by Austin ISD. Downtown Austin is approximately 5 to 7 miles southeast, typically 15 to 20 minutes by car via MoPac (Loop 1) or 35th Street. Balcones Country Club, a private club operated on invitation membership, is nearby and gives the broader Balcones area its name.

Balcones Park is an established community rather than a master-planned development, so there is no single HOA covering the whole neighborhood, and the streetscape has kept much of its 1950s and 1960s character. The neighborhood is part of the broader 78731 zip code — which also contains Northwest Hills, Cat Mountain, and Highland Park West — and is one of several north-central Austin neighborhoods known for larger lots and mature trees. Buyers often cite the combination of central location, larger-than-typical Austin lots, tree canopy, and proximity to both Lake Austin and Camp Mabry as the reasons they chose Balcones Park over denser parts of central Austin.

Living in Balcones

Balcones sits in the rolling hills of northwest Austin between Lake Austin and Camp Mabry, with mature trees and winding streets that give the neighborhood a lower-density feel than most central Austin areas. The 0.4-acre average lot size is a defining characteristic — homes have room for larger yards, mature trees, and private outdoor spaces that are rare closer to downtown.

Daily amenities are accessible along 35th Street, MoPac, and Far West Boulevard. Grocery options include Central Market and H-E-B within a short drive, along with restaurants and retail along Far West and Mesa Drive. The Domain and north Austin employer corridor are approximately 5 miles north.

For outdoor recreation, Mount Bonnell — one of the highest points within Austin at 775 feet, with a stairway of limestone steps leading to a scenic overlook — is approximately 2 miles west. The Bull Creek Greenbelt and Bright Leaf State Natural Area offer hiking and protected Hill Country habitat in the surrounding area. Lake Austin provides boating and water access at nearby public and private ramps.