Market Overview for Chestnut

There are 31 active listings in Chestnut with a median list price of $595K and a median sold price of $653K.

Homes average 56 days on market.

Over the past 30 days, 3 homes have sold, with 54 sales in the past 12 months.

The average price per square foot is $464.

About Chestnut

Chestnut is a neighborhood in East Austin located east of I-35 and north of East 7th Street, roughly bounded by Airport Boulevard to the east, Manor Road to the north, and I-35 to the west in zip code 78702. The neighborhood takes its name from Chestnut Avenue, one of its central streets, and has been a historically African American community since the early 20th century when racial deed restrictions concentrated Black homeownership east of I-35.

The housing stock includes original 1940s through 1970s bungalows and shotgun-style homes alongside substantial new modern infill construction. Home prices in Chestnut range from approximately $350,000 to $700,000 and higher, reflecting the rapid pace of redevelopment in East Austin. New-build townhomes and modern single-family homes on subdivided lots have been constructed throughout the neighborhood since the mid-2010s, often replacing older structures.

Chestnut is served by Austin Independent School District. Students attend Campbell Elementary School, Kealing Middle School, and McCallum High School. Kealing Middle School's vanguard magnet program draws students from across the district. Campbell Elementary is a small campus with a bilingual program.

The neighborhood is 1.5 to 2 miles from downtown Austin, accessible via East 11th Street, East 12th Street, or Manor Road. The East 11th and 12th Street corridors have undergone commercial redevelopment with new restaurants, bars, and retail. The Mueller development, a 700-acre mixed-use community built on the former Robert Mueller Municipal Airport, borders Chestnut to the northeast and provides additional shopping, dining, and park space.

Living in Chestnut

Chestnut sits at the intersection of East Austin's historical identity and ongoing redevelopment. Original bungalows with front porches and mature pecan trees stand alongside modern construction featuring flat roofs, metal siding, and rooftop decks. The East 11th and 12th Street corridors within and adjacent to the neighborhood host restaurants including Jacoby's Restaurant and Mercantile, Launderette, and Sawyer and Co., along with coffee shops and boutiques.

The Mueller development adjacent to Chestnut provides H-E-B Mueller, Alamo Drafthouse Cinema Mueller, Thinkery children's museum, and Mueller Lake Park with a 30-acre lake, playground, and amphitheater. Capital Metro bus routes run along Manor Road and Airport Boulevard, and the neighborhood's flat terrain and street grid make cycling a practical option for commuting downtown or to UT campus.

Things to Do in Chestnut