Is Northwest 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, Northwest Travis was a Seller's Market.
Housing Prices in Northwest Travis, TX
How much do homes in Northwest Travis, TX cost?
Median Sold Price
$714,932
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northwest Travis was $714,932 in May 2024, down 2.4% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $227.5K | -18.8% |
2 Bedrooms | $380K | $389.5K | +2.5% |
3 Bedrooms | $560K | $538K | -3.9% |
4 Bedrooms | $819.2K | $785.7K | -4.1% |
5+ Bedrooms | $1.1M | $1.1M | +1.7% |
Summary: Northwest Travis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Northwest Travis | $732.3K | $714.9K | -2.4% |
Lago Vista | $465.3K | $439.1K | -5.6% |
Leander | $499.1K | $469.2K | -6.0% |
Jonestown | $752.2K | $687K | -8.7% |
Housing Supply in Northwest Travis, TX
How many homes are available in Northwest Travis, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
970 | 1,097 | +13.1% |
Summary: The Northwest Travis real estate market had 1,097 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 31 | +14.8% |
2 Bedrooms | 73 | 89 | +21.9% |
3 Bedrooms | 340 | 378 | +11.2% |
4 Bedrooms | 366 | 414 | +13.1% |
5+ Bedrooms | 164 | 185 | +12.8% |
Summary: The Northwest Travis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
149 | 139 | -6.7% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 139 homes were sold or pending in Northwest Travis in May 2024, down by 6.7% month-over-month. Of the 139 sold homes, 58% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for Northwest Travis, TX
How long does it take to sell a home in Northwest Travis, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 44 Days | -4.3% |
Summary: Homes in Northwest Travis had an average of 44 days on market in May 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 139 homes were sold in Northwest Travis; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.