Is Southwest 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, Southwest Travis was a Seller's Market.
Housing Prices in Southwest Travis, TX
How much do homes in Southwest Travis, TX cost?
Median Sold Price
$805,508
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Southwest Travis was $805,508 in March 2024, down 5.2% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $345.5K | -1.3% |
2 Bedrooms | $513K | $480K | -6.4% |
3 Bedrooms | $674.7K | $625K | -7.4% |
4 Bedrooms | $970K | $901.6K | -7.0% |
5+ Bedrooms | $1.4M | $1.4M | 0.4% |
Summary: Southwest Travis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in Southwest Travis, TX
How many homes are available in Southwest Travis, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
731 | 908 | +24.2% |
Summary: The Southwest Travis real estate market had 908 homes for sale in March 2024, a 24.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 19 | +18.8% |
2 Bedrooms | 51 | 58 | +13.7% |
3 Bedrooms | 233 | 292 | +25.3% |
4 Bedrooms | 277 | 350 | +26.4% |
5+ Bedrooms | 154 | 189 | +22.7% |
Summary: The Southwest Travis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 92 | +8.2% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Southwest Travis in March 2024, up by 8.2% month-over-month. Of the 92 sold homes, 70% were sold under asking, 20% were sold at asking, and 11% were sold over asking.
Days on Market for Southwest Travis, TX
How long does it take to sell a home in Southwest Travis, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 88 Days | +21.8% |
Summary: Homes in Southwest Travis had an average of 88 days on market in Mar 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Summary: During March 2024, 92 homes were sold in Southwest Travis; 37% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.