YOUR AUSTIN NEIGHBORHOOD: CHERRY CREEK
NEIGHBORHOOD OVERVIEW
Nestled in South Austin, Cherry Creek is a well-established neighborhood known for its mature oak trees, well-kept homes, and strong community feel. Developed between 1965 and the early 2000s, it spans the 78745 and 78748 zip codes near Davis Lane, Brodie Lane, West William Cannon Drive, and Menchaca Road.
Less than 10 miles from downtown Austin, Cherry Creek offers convenient access to South Congress, Zilker Park, and major tech and entertainment hubs — all while remaining more affordable than many central Austin neighborhoods. With easy connectivity via Mopac, Brodie Lane, Slaughter Lane, and Stassney Lane, it continues to be one of South Austin’s most reliable values for homebuyers.
REAL ESTATE MARKET TRENDS
The Cherry Creek real estate market reflects South Austin's enduring appeal. The median sold price stands at $500,000 with a median list price of $515,000 — and homes are moving at a median of just 10 days on market, signaling strong and consistent buyer demand. Cherry Creek's relative affordability compared to central Austin neighborhoods continues to attract buyers who want proximity to the city without sacrificing value.
At just 10 median days on market, homes for sale in Cherry Creek move fast — buyers should be prepared to act quickly. First-time buyers and those relocating from higher-cost metros continue to find Cherry Creek one of Austin's most compelling entry points — offering genuine South Austin character at a price point that remains accessible relative to the broader metro.
Market data sourced from Redfin and Rocket Homes. Figures are approximate and subject to change. Verify current conditions with a licensed Austin real estate professional.
TYPES OF HOMES
The Cherry Creek real estate market reflects South Austin's enduring appeal. In early 2025, the median sale price hovered around $483K–$493K — up roughly 6% year-over-year — while the broader Austin metro has seen modest price softening. Cherry Creek's relative affordability compared to central Austin neighborhoods continues to attract buyers who want proximity to the city without sacrificing value.
AMENITIES AND LIFESTYLE
HOA INFORMATION
One of Cherry Creek's most appealing features for many buyers is that the majority of the neighborhood has no mandatory HOA. This gives residents the freedom to personalize and use their properties without overbearing deed restrictions — a rare find in modern Austin communities.
There are two notable exceptions. Homes in Sections 14, 16, and 17 along the south side of West Gate Boulevard are required to join the Tanglewood Oaks HOA. A section along Brodie Lane operates under the Cherry Creek on Brodie HOA, covering 248 homes with community events at Silk Oak Neighborhood Park. Always confirm HOA status for a specific address before purchasing.
HOA requirement (most sections): None — no mandatory HOA
Tanglewood Oaks HOA: Sections 14, 16 & 17 (south side of West Gate Blvd)
Cherry Creek on Brodie HOA: 248 homes along Brodie Lane corridor
HOA amenities (Brodie section): Community events, Silk Oak Neighborhood Park access
Property tax rate (2025): ~2.0465% (up from 1.9818% in 2024)
Short-term rentals: Varies by section; verify with City of Austin
SCHOOLS NEARBY
Families searching for homes for sale in Cherry Creek, Austin TX will find access to a range of Austin ISD public schools, plus Austin Community College's nearby campus at Stassney Lane and Manchaca Road. School zoning varies by address, so always verify assignments directly with Austin ISD before purchasing.
Source: GreatSchools.org
Disclaimer: Ratings are subject to change and should be used as one of many factors when evaluating schools. Always verify current ratings and school boundaries directly with Austin ISD.