Is Lake Travis, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Travis has remained a Buyer's Market.
Housing Prices in Lake Travis, TX
How much do homes in Lake Travis, TX cost?
Median Sold Price
$777,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Travis was $777,000 in April 2024, down 5.1% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362K | $390K | +7.7% |
2 Bedrooms | $420.7K | $459K | +9.1% |
3 Bedrooms | $667.2K | $643.5K | -3.6% |
4 Bedrooms | $874.9K | $809.9K | -7.4% |
5+ Bedrooms | $1.2M | $1.1M | -6.5% |
Summary: Lake Travis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in Lake Travis, TX
How many homes are available in Lake Travis, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
339 | 426 | +25.7% |
Summary: The Lake Travis real estate market had 426 homes for sale in April 2024, a 25.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 118 | 141 | +19.5% |
4 Bedrooms | 121 | 157 | +29.8% |
5+ Bedrooms | 60 | 80 | +33.3% |
Summary: The Lake Travis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 30 | -23.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Lake Travis in April 2024, down by 23.1% month-over-month. Of the 30 sold homes, 63% were sold under asking, 10% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 43 Days | -18.9% |
Summary: Homes in Lake Travis had an average of 43 days on market in Apr 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Lake Travis; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.