Is Southwest Travis, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southwest Travis was a Seller's Market.
Housing Prices in Southwest Travis, TX
How much do homes in Southwest Travis, TX cost?
Median Sold Price
$816,761
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Travis was $816,761 in April 2024, down 3.9% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $324.5K | -7.3% |
2 Bedrooms | $500.3K | $479.5K | -4.2% |
3 Bedrooms | $664.8K | $624.7K | -6.0% |
4 Bedrooms | $947K | $905K | -4.4% |
5+ Bedrooms | $1.4M | $1.4M | +5.0% |
Summary: Southwest Travis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Bee Cave | $882.5K | $903.9K | +2.4% |
The Hills | $889.2K | $908K | +2.1% |
Southwest Travis | $849.9K | $816.7K | -3.9% |
Lakeway | $856.5K | $771.3K | -9.9% |
Point Venture | $494.8K | $359.9K | -27.3% |
Housing Supply in Southwest Travis, TX
How many homes are available in Southwest Travis, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
864 | 1,045 | +20.9% |
Summary: The Southwest Travis real estate market had 1,045 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 17 | +6.3% |
2 Bedrooms | 54 | 58 | +7.4% |
3 Bedrooms | 280 | 339 | +21.1% |
4 Bedrooms | 332 | 402 | +21.1% |
5+ Bedrooms | 182 | 229 | +25.8% |
Summary: The Southwest Travis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 25.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 119 | +21.4% |
Asking Price vs. Sold Price
85 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in Southwest Travis in April 2024, up by 21.4% month-over-month. Of the 119 sold homes, 71% were sold under asking, 10% were sold at asking, and 18% were sold over asking.
Days on Market for Southwest Travis, TX
How long does it take to sell a home in Southwest Travis, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 57 Days | +10.5% |
Summary: Homes in Southwest Travis had an average of 57 days on market in Apr 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During April 2024, 119 homes were sold in Southwest Travis; 51% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.