Is Lago Vista, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lago Vista is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Lago Vista was a Seller's Market.

Key Takeaway

Lago Vista is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lago Vista, TX

How much do homes in Lago Vista, TX cost?

Median Sold Price

$440,500

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$833(+0.2%)

Key Takeaway

The sold price of homes in Lago Vista has remained the same since last year.

Summary: The median home sold price in Lago Vista was $440,500 in October 2024, up 0.2% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $193.5K$198K
+2.3%
2 $272K$277K
+1.8%
3 $400K$419.7K
+4.9%
4 $523.4K$545K
+4.1%
5+ $610.1K$675K
+10.6%

Summary: Lago Vista housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Leander
+2.0%
Lago Vista
0.2%
Northwest Travis
0.2%
Southwest Travis
0.0%
Jonestown
-12.9%

Housing Supply in Lago Vista, TX

How many homes are available in Lago Vista, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
261294+12.6%

Summary: The Lago Vista real estate market had 294 homes for sale in October 2024, a 12.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 1720
+17.6%
3 128140
+9.4%
4 88102
+15.9%
5+ 2325
+8.7%

Summary: The Lago Vista housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1422+57.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lago Vista, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Lago Vista in October 2024, up by 57.1% month-over-month. Of the 22 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for Lago Vista, TX

How long does it take to sell a home in Lago Vista, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days105 Days+40.8%

Summary: Homes in Lago Vista had an average of 105 days on market in Oct 2024, up by 40.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lago Vista are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 22 homes were sold in Lago Vista; 23% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 41% 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 20 Days Ago

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