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 December 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

$480,172

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$2,672(+0.6%)

Key Takeaway

Homes in Lago Vista have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Lago Vista was $480,172 in December 2024, up 0.6% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$189.6K
N/A
2 $310K$295K
-4.8%
3 $412.5K$420.8K
+2.0%
4 $515K$545K
+5.8%
5+ $590K$619.5K
+5.0%

Summary: Lago Vista housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Leander
+4.2%
Northwest Travis
+2.8%
Lago Vista
+0.6%
Southwest Travis
-2.8%
Jonestown
-15.4%

Housing Supply in Lago Vista, TX

How many homes are available in Lago Vista, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
225268+19.1%

Summary: The Lago Vista real estate market had 268 homes for sale in December 2024, a 19.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 1718
+5.9%
3 115131
+13.9%
4 7092
+31.4%
5+ 2024
+20.0%

Summary: The Lago Vista housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
515+200.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 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. 80% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Lago Vista in December 2024, up by 200.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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

Dec 2023Dec 2024CHANGE
59 Days52 Days-11.4%

Summary: Homes in Lago Vista had an average of 52 days on market in Dec 2024, down by 11.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lago Vista are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 15 homes were sold in Lago Vista; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% 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 10 Days Ago

Newest Listings in Lago Vista, TX

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