Is Travis County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Travis County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Travis County was a Seller's Market.

Key Takeaway

Travis County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

-$50,539(-8.8%)

Key Takeaway

Homes in Travis County have sold for 8.8% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $334.8K$300K
-10.4%
2 $464.7K$417.4K
-10.2%
3 $530.3K$470K
-11.4%
4 $700.5K$651.4K
-7.0%
5+ $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
-3.8%
Bastrop County
-3.9%
Hays County
-6.7%
Travis County
-8.8%
Williamson County
-9.2%

Housing Supply in Travis County, TX

How many homes are available in Travis County, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5,1676,206+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

# BEDSFeb 2024Mar 2024CHANGE
1 233313
+34.3%
2 744905
+21.6%
3 2,1322,509
+17.7%
4 1,5381,820
+18.3%
5+ 520659
+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 2024Mar 2024CHANGE
876957+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Travis County, you may be able to get a good deal. 62.8% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
64 Days60 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Travis County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Travis County, TX

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What housing markets are near Travis County, TX?