Is Northwest Travis, 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, 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
$714,344
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northwest Travis was $714,344 in March 2024, down 6.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $225K | -23.7% |
2 Bedrooms | $388.5K | $361.9K | -6.8% |
3 Bedrooms | $599K | $535K | -10.7% |
4 Bedrooms | $872.7K | $780K | -10.6% |
5+ Bedrooms | $1.2M | $1.0M | -8.9% |
Summary: Northwest Travis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.7%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Cities
Northwest Travis | $766.6K | $714.3K | -6.8% |
Lago Vista | $469.6K | $434.9K | -7.4% |
Leander | $506.6K | $469.3K | -7.4% |
Jonestown | $705.7K | $637.7K | -9.6% |
Housing Supply in Northwest Travis, TX
How many homes are available in Northwest Travis, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
660 | 865 | +31.1% |
Summary: The Northwest Travis real estate market had 865 homes for sale in March 2024, a 31.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 22 | +57.1% |
2 Bedrooms | 50 | 69 | +38.0% |
3 Bedrooms | 240 | 303 | +26.3% |
4 Bedrooms | 255 | 325 | +27.5% |
5+ Bedrooms | 101 | 146 | +44.6% |
Summary: The Northwest Travis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 38%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 44.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 111 | +20.7% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 111 homes were sold or pending in Northwest Travis in March 2024, up by 20.7% month-over-month. Of the 111 sold homes, 64% were sold under asking, 12% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 62 Days | -24.7% |
Summary: Homes in Northwest Travis had an average of 62 days on market in Mar 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During March 2024, 111 homes were sold in Northwest Travis; 57% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.