Is Spicewood, 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, Spicewood was a Seller's Market.
Housing Prices in Spicewood, TX
How much do homes in Spicewood, TX cost?
Median Sold Price
$835,187
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spicewood was $835,187 in May 2024, down 2.7% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362K | - | N/A |
2 Bedrooms | $649K | $430K | -33.7% |
3 Bedrooms | $649.9K | $635K | -2.3% |
4 Bedrooms | $879.5K | $847.9K | -3.6% |
5+ Bedrooms | $1.1M | $1.1M | +2.0% |
Summary: Spicewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Spicewood | $858.5K | $835.1K | -2.7% |
Lago Vista | $465.3K | $439.1K | -5.6% |
Lakeway | $855K | $760K | -11.1% |
Point Venture | $462.5K | $395K | -14.6% |
Briarcliff | $612.5K | $517.5K | -15.5% |
Housing Supply in Spicewood, TX
How many homes are available in Spicewood, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
422 | 496 | +17.5% |
Summary: The Spicewood real estate market had 496 homes for sale in May 2024, a 17.5% 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 | 25 | 26 | +4.0% |
3 Bedrooms | 104 | 123 | +18.3% |
4 Bedrooms | 176 | 211 | +19.9% |
5+ Bedrooms | 104 | 120 | +15.4% |
Summary: The Spicewood 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 4%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 45 | +36.4% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Spicewood in May 2024, up by 36.4% month-over-month. Of the 45 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Spicewood, TX
How long does it take to sell a home in Spicewood, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
83 Days | 98 Days | +19.1% |
Summary: Homes in Spicewood had an average of 98 days on market in May 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Spicewood; 42% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.