Is Travis County, 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, Travis County was a Seller's Market.
Housing Prices in Travis County, TX
How much do homes in Travis County, TX cost?
Median Sold Price
$524,709
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Travis County was $524,709 in March 2024, down 8.8% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $334.8K | $300K | -10.4% |
2 Bedrooms | $464.7K | $417.4K | -10.2% |
3 Bedrooms | $530.3K | $470K | -11.4% |
4 Bedrooms | $700.5K | $651.4K | -7.0% |
5+ Bedrooms | $1.1M | $1.1M | -1.1% |
Summary: Travis County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Counties
Blanco County | $494K | $475K | -3.8% |
Bastrop County | $399.2K | $383.8K | -3.9% |
Hays County | $455.4K | $424.9K | -6.7% |
Travis County | $575.2K | $524.7K | -8.8% |
Williamson County | $489.7K | $444.5K | -9.2% |
Housing Supply in Travis County, TX
How many homes are available in Travis County, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5,167 | 6,206 | +20.1% |
Summary: The Travis County real estate market had 6,206 homes for sale in March 2024, a 20.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 233 | 313 | +34.3% |
2 Bedrooms | 744 | 905 | +21.6% |
3 Bedrooms | 2,132 | 2,509 | +17.7% |
4 Bedrooms | 1,538 | 1,820 | +18.3% |
5+ Bedrooms | 520 | 659 | +26.7% |
Summary: The Travis County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
876 | 957 | +9.2% |
Asking Price vs. Sold Price
601 Homes Were Sold
Under Asking
178 Homes Were Sold
At Asking
178 Homes Were Sold
Over Asking
Summary: A total of 957 homes were sold or pending in Travis County in March 2024, up by 9.2% month-over-month. Of the 957 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Travis County, TX
How long does it take to sell a home in Travis County, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 60 Days | -6.0% |
Summary: Homes in Travis County had an average of 60 days on market in Mar 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
494 Homes Were Sold
Under 30 Days
216 Homes Were Sold
In 30 - 90 Days
247 Homes Were Sold
Over 90 Days
Summary: During March 2024, 957 homes were sold in Travis County; 52% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.