Is Lago Vista, 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, Lago Vista has remained a Buyer's Market.
Housing Prices in Lago Vista, TX
How much do homes in Lago Vista, TX cost?
Median Sold Price
$434,999
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lago Vista was $434,999 in April 2024, down 6.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $202.5K | -25.0% |
2 Bedrooms | $287.5K | $299K | +4.0% |
3 Bedrooms | $432K | $415K | -3.9% |
4 Bedrooms | $525K | $540K | +2.9% |
5+ Bedrooms | $784.4K | $592.5K | -24.5% |
Summary: Lago Vista housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 24.5%.
Median Sold Price Compared To Nearby Cities
Jonestown | $685K | $658.5K | -3.9% |
Southwest Travis | $849.9K | $816.7K | -3.9% |
Northwest Travis | $754.7K | $715K | -5.3% |
Leander | $499.9K | $467.2K | -6.5% |
Lago Vista | $467K | $434.9K | -6.9% |
Housing Supply in Lago Vista, TX
How many homes are available in Lago Vista, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
303 | 359 | +18.5% |
Summary: The Lago Vista real estate market had 359 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 26 | 31 | +19.2% |
3 Bedrooms | 147 | 175 | +19.0% |
4 Bedrooms | 98 | 111 | +13.3% |
5+ Bedrooms | 21 | 29 | +38.1% |
Summary: The Lago Vista housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 38.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 39 | +34.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Lago Vista in April 2024, up by 34.5% month-over-month. Of the 39 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for Lago Vista, TX
How long does it take to sell a home in Lago Vista, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
104 Days | 78 Days | -24.7% |
Summary: Homes in Lago Vista had an average of 78 days on market in Apr 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Lago Vista; 44% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.