Is Tessera on Lake Travis, 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, Tessera on Lake Travis has remained a Buyer's Market.
Key Takeaway
Tessera on Lake Travis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tessera on Lake Travis, TX
How much do homes in Tessera on Lake Travis, TX cost?
Median Sold Price
$532,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tessera on Lake Travis have sold for 14.9% less than they did a year ago.
Summary: The median home sold price in Tessera on Lake Travis was $532,000 in April 2024, down 14.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $435K | $453.5K | +4.3% |
| 4 Bedrooms | $725K | $553.2K | -23.7% |
| 5+ Bedrooms | $625.3K | $514.4K | -17.7% |
Summary: Tessera on Lake Travis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in Tessera on Lake Travis, TX
How many homes are available in Tessera on Lake Travis, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Summary: The Tessera on Lake Travis real estate market had 38 homes for sale in April 2024, a 31.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Tessera on Lake Travis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tessera on Lake Travis, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Tessera on Lake Travis in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Tessera on Lake Travis, TX
How long does it take to sell a home in Tessera on Lake Travis, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 229 Days | 128 Days | -43.9% |
Summary: Homes in Tessera on Lake Travis had an average of 128 days on market in Apr 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tessera on Lake Travis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Tessera on Lake Travis; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.