Is West Lake Hills, 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, West Lake Hills was a Seller's Market.
Housing Prices in West Lake Hills, TX
How much do homes in West Lake Hills, TX cost?
Median Sold Price
$1,849,750
$733/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Lake Hills was $1,849,750 in March 2024, down 29.3% from last year, and the median price per square foot was $733.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $1.4M | N/A |
3 Bedrooms | $1.9M | $1.5M | -19.5% |
4 Bedrooms | $2.6M | $2.1M | -20.8% |
5+ Bedrooms | $3.5M | $4.3M | +21.2% |
Summary: West Lake Hills housing prices by bedroom type for March 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 decreased by 19.5%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
Austin | $595.6K | $568.8K | -4.5% |
West Lake Hills | $2.6M | $1.8M | -29.3% |
Housing Supply in West Lake Hills, TX
How many homes are available in West Lake Hills, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Summary: The West Lake Hills real estate market had 28 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The West Lake Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in West Lake Hills in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for West Lake Hills, TX
How long does it take to sell a home in West Lake Hills, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
132 Days | 51 Days | -61.4% |
Summary: Homes in West Lake Hills had an average of 51 days on market in Mar 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in West Lake Hills; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.