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 April 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
$1,775,000
$733/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Lake Hills was $1,775,000 in April 2024, down 34.3% from last year, and the median price per square foot was $733.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $1.2M | N/A |
3 Bedrooms | $1.6M | $1.6M | -1.8% |
4 Bedrooms | $2.5M | $2.2M | -11.8% |
5+ Bedrooms | $3.5M | $4.3M | +23.6% |
Summary: West Lake Hills housing prices by bedroom type for April 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 1.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
Austin | $586K | $568.3K | -3.0% |
West Lake Hills | $2.7M | $1.7M | -34.3% |
Housing Supply in West Lake Hills, TX
How many homes are available in West Lake Hills, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 36 | +44.0% |
Summary: The West Lake Hills real estate market had 36 homes for sale in April 2024, a 44.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The West Lake Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in West Lake Hills in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 89 Days | +28.1% |
Summary: Homes in West Lake Hills had an average of 89 days on market in Apr 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 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.