Is West Lake Hills, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Lake Hills has remained a Seller's Market.
Housing Prices in West Lake Hills, TX
How much do homes in West Lake Hills, TX cost?
Median Sold Price
$2,100,000
$753/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Lake Hills was $2,100,000 in May 2024, down 22.2% from last year, and the median price per square foot was $753.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $538.7K | $1.2M | +136.7% |
3 Bedrooms | $1.6M | $1.7M | +2.7% |
4 Bedrooms | $2.7M | $2.2M | -18.2% |
5+ Bedrooms | $3.4M | $4.3M | +26.1% |
Summary: West Lake Hills 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 increased by 136.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
Austin | $580.7K | $568.6K | -2.1% |
West Lake Hills | $2.7M | $2.1M | -22.2% |
Housing Supply in West Lake Hills, TX
How many homes are available in West Lake Hills, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 32 | -3.0% |
Summary: The West Lake Hills real estate market had 32 homes for sale in May 2024, a 3.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The West Lake Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in West Lake Hills in May 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Lake Hills, TX
How long does it take to sell a home in West Lake Hills, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 43 Days | -31.0% |
Summary: Homes in West Lake Hills had an average of 43 days on market in May 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in West Lake Hills; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.