Is Northwest Travis, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Travis is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Northwest Travis was a Seller's Market.

Key Takeaway

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

Housing Prices in Northwest Travis, TX

How much do homes in Northwest Travis, TX cost?

Median Sold Price

$699,779

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,453(-2.0%)

Key Takeaway

Homes in Northwest Travis have sold for 2% less than they did a year ago.

Summary: The median home sold price in Northwest Travis was $699,779 in November 2024, down 2% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $245K$231K
-5.7%
2 $358.4K$380K
+6.0%
3 $534.9K$544.9K
+1.9%
4 $771K$800K
+3.8%
5+ $1.0M$1.1M
+3.8%

Summary: Northwest Travis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Cities

Leander
+2.0%
Lago Vista
-1.8%
Northwest Travis
-2.0%
Jonestown
-10.2%

Housing Supply in Northwest Travis, TX

How many homes are available in Northwest Travis, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7647650.1%

Summary: The Northwest Travis real estate market had 765 homes for sale in November 2024, a 0.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1210
-16.7%
2 5057
+14.0%
3 261269
+3.1%
4 322309
-4.0%
5+ 119120
+0.8%

Summary: The Northwest Travis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 0.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10287-14.7%

Asking Price vs. Sold Price

68 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Travis, you may be able to get a good deal. 78.2% of homes here sold below asking price last month.

Summary: A total of 87 homes were sold or pending in Northwest Travis in November 2024, down by 14.7% month-over-month. Of the 87 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% were sold over asking.

Days on Market for Northwest Travis, TX

How long does it take to sell a home in Northwest Travis, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
81 Days80 Days-2.0%

Summary: Homes in Northwest Travis had an average of 80 days on market in Nov 2024, down by 2% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 87 homes were sold in Northwest Travis; 28% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 39% 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 17 Days Ago

Newest Listings in Northwest Travis, TX

Nearby Markets to Northwest Travis, TX

What housing markets are near Northwest Travis, TX?