Is Lake Travis, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Travis was a Seller's Market.
Housing Prices in Lake Travis, TX
How much do homes in Lake Travis, TX cost?
Median Sold Price
$774,500
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Travis was $774,500 in May 2024, down 4.1% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $376K | $440K | +17.0% |
2 Bedrooms | $435K | $450K | +3.4% |
3 Bedrooms | $649.9K | $640K | -1.5% |
4 Bedrooms | $865K | $825K | -4.6% |
5+ Bedrooms | $1.0M | $1.1M | +10.4% |
Summary: Lake Travis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in Lake Travis, TX
How many homes are available in Lake Travis, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
393 | 481 | +22.4% |
Summary: The Lake Travis real estate market had 481 homes for sale in May 2024, a 22.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 131 | 150 | +14.5% |
4 Bedrooms | 142 | 179 | +26.1% |
5+ Bedrooms | 72 | 98 | +36.1% |
Summary: The Lake Travis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 36.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Lake Travis in May 2024, up by 31.3% month-over-month. Of the 42 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for Lake Travis, TX
How long does it take to sell a home in Lake Travis, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 49 Days | +1.1% |
Summary: Homes in Lake Travis had an average of 49 days on market in May 2024, up by 1.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Lake Travis; 64% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.