If you’ve been searching “Redfin Market Snapshot: Prices up 15%, 42 days DOM,” you’re not alone—and yes, the rumors are true. According to Redfin’s latest market data, home prices have jumped 15% year-over-year while the average Days on Market (DOM) now sits at 42 days. That’s a sharp signal that we’re in a transitional, competitive market—especially in desirable Austin neighborhoods like Northwest Hills, Crestview, and Brentwood.
Let’s break it down and unpack what this means for you—whether you’re buying, selling, or just watching the market like a hawk.
1. What Does “Prices Up 15%” Really Mean?
The 15% spike in home prices isn’t just national noise. It’s very real here in Northwest Hills, TX, and surrounding areas like Crestview and Brentwood.
Why it matters: A 15% year-over-year increase can price out first-time buyers and put sellers in the driver’s seat.
What’s driving it: Low inventory, high demand for well-located homes, and buyers trying to lock in rates before further hikes.
In Northwest Hills, homes that were $850K last year are now creeping over $975K—and they’re still moving quickly if they’re well-maintained and properly priced.
2. 42 Days on Market: Slowdown or Strategy?
A DOM of 42 days might sound like a slowdown, but context matters.
In 2021-2022: Homes were flying off the shelf in 7–10 days.
In 2025: A longer DOM reflects a shift toward a more balanced market—buyers are being cautious, but they’re still buying.
In neighborhoods like Crestview and Brentwood, we’re seeing DOM stretch especially for homes that need updates. Move-in ready homes in Northwest Hills, particularly those with modern upgrades and good school access, still move in under 30 days.
3. Northwest Hills Real Estate Snapshot
Here’s what’s trending in Northwest Hills right now:
Price Range: $750K–$2M+ depending on lot size, views, and finish level
Hot Features: Pools, updated kitchens, walkability to parks and schools
Buyer Demand: High for homes zoned to top-tier schools like Doss Elementary and Murchison Middle
With prices up 15%, sellers are finding that even homes with quirks are getting attention—especially if they’re priced right and marketed well.
4. Crestview + Brentwood: The Underdog Champions
If you think Northwest Hills is too competitive, Crestview and Brentwood are where savvy buyers are looking. These neighborhoods still offer:
Charming mid-century homes with real personality
Walkable streets and local spots like Little Deli and Brentwood Park
Lower price points (for now), though they’re catching up
Here too, we’re seeing the 15% price growth hold steady. Bungalows that were $675K last year are now pushing $780K and up, especially those that have been remodeled.
5. What It Means for Buyers
Let’s not sugarcoat it—buying in a market where prices are up 15% is tough. But it’s not impossible.
Strategize with your agent: Know your ceiling and stay alert for off-market opportunities.
Don’t chase unicorns: Perfect homes rarely exist. Focus on what’s non-negotiable (location, layout) and what can wait (flooring, fixtures).
Act fast—but smart: 42 DOM doesn’t mean you have weeks to wait. Good homes still go in days if priced right.
If you're looking for luxury homes in Northwest Hills or nearby, this collection is where many of the best listings live—some of which never even hit the MLS.
6. What It Means for Sellers
With 15% appreciation, many homeowners are sitting on more equity than they realize. But pricing too high based on that stat alone can backfire.
Here’s the play:
Prep the home: Even minor upgrades can shave days off DOM and boost ROI.
Consider timing: Fall typically brings serious buyers and less competition.
Work with a local expert: James Lucas knows this market inside and out. If you want top dollar and smart strategy, he’s your guy.
Sellers in Brentwood, Crestview, and Northwest Hills are seeing multiple-offer scenarios—but only when the home is priced right and presented well.
7. What’s Next? Read the Market, Not the Headlines
National headlines can mislead. What’s happening in Northwest Hills isn’t the same as what’s happening in Phoenix, Seattle, or Miami. Real estate is hyper-local.
So here’s what I’m watching locally:
Will DOM rise again? If it hits 50+, we may see softening in less desirable listings.
Will inventory increase? More listings mean more competition for sellers.
Will rates dip? If mortgage rates fall this fall, expect another wave of buyer activity.
If you’re wondering when to make your move—whether it’s buying, selling, or even just testing the waters—now’s the time to start the conversation with someone who knows these streets and trends block by block.
