Is Lakeway, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lakeway was a Seller's Market.
Housing Prices in Lakeway, TX
How much do homes in Lakeway, TX cost?
Median Sold Price
$765,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lakeway was $765,000 in March 2024, down 10.5% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $341K | -11.4% |
2 Bedrooms | $537.5K | $426K | -20.7% |
3 Bedrooms | $650K | $591K | -9.1% |
4 Bedrooms | $955K | $965K | +1.0% |
5+ Bedrooms | $1.4M | $1.4M | -6.5% |
Summary: Lakeway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
The Hills | $952.5K | $908K | -4.7% |
Southwest Travis | $850K | $805.5K | -5.2% |
Spicewood | $880K | $830K | -5.7% |
Bee Cave | $958.4K | $898.5K | -6.2% |
Lakeway | $855K | $765K | -10.5% |
Housing Supply in Lakeway, TX
How many homes are available in Lakeway, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
174 | 223 | +28.2% |
Summary: The Lakeway real estate market had 223 homes for sale in March 2024, a 28.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 59 | 77 | +30.5% |
4 Bedrooms | 72 | 93 | +29.2% |
5+ Bedrooms | 31 | 41 | +32.3% |
Summary: The Lakeway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 30.5%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 32.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Lakeway in March 2024, down by 7.7% month-over-month. Of the 24 sold homes, 79% were sold under asking, 13% were sold at asking, and 8% were sold over asking.
Days on Market for Lakeway, TX
How long does it take to sell a home in Lakeway, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 65 Days | -11.4% |
Summary: Homes in Lakeway had an average of 65 days on market in Mar 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Lakeway; 54% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.