Is Lakeway, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lakeway was a Seller's Market.
Housing Prices in Lakeway, TX
How much do homes in Lakeway, TX cost?
Median Sold Price
$760,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lakeway was $760,000 in May 2024, down 11.1% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $310.6K | -19.3% |
2 Bedrooms | $587.5K | $394K | -32.9% |
3 Bedrooms | $635K | $608.5K | -4.2% |
4 Bedrooms | $937.5K | $931.2K | -0.7% |
5+ Bedrooms | $1.5M | $1.3M | -10.5% |
Summary: Lakeway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes decreased by 32.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
Bee Cave | $882K | $903K | +2.4% |
The Hills | $920K | $897.7K | -2.4% |
Spicewood | $858.5K | $835.1K | -2.7% |
Southwest Travis | $849K | $800.6K | -5.7% |
Lakeway | $855K | $760K | -11.1% |
Housing Supply in Lakeway, TX
How many homes are available in Lakeway, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
233 | 261 | +12.0% |
Summary: The Lakeway real estate market had 261 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 90 | 106 | +17.8% |
4 Bedrooms | 91 | 98 | +7.7% |
5+ Bedrooms | 40 | 44 | +10.0% |
Summary: The Lakeway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 34 | -8.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Lakeway in May 2024, down by 8.1% month-over-month. Of the 34 sold homes, 74% were sold under asking, 15% were sold at asking, and 12% were sold over asking.
Days on Market for Lakeway, TX
How long does it take to sell a home in Lakeway, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 58 Days | -8.6% |
Summary: Homes in Lakeway had an average of 58 days on market in May 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Lakeway; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.