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 October 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

$706,805

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,754(+0.2%)

Key Takeaway

The sold price of homes in Northwest Travis has remained the same since last year.

Summary: The median home sold price in Northwest Travis was $706,805 in October 2024, up 0.2% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $257K$231K
-10.1%
2 $361.9K$375K
+3.6%
3 $535K$545K
+1.9%
4 $772.6K$800.8K
+3.7%
5+ $1.0M$1.1M
+6.4%

Summary: Northwest Travis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Volente
+100.0%
Leander
+2.0%
Northwest Travis
0.2%
Lago Vista
0.2%
Jonestown
-12.9%

Housing Supply in Northwest Travis, TX

How many homes are available in Northwest Travis, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
802865+7.9%

Summary: The Northwest Travis real estate market had 865 homes for sale in October 2024, a 7.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1414
0.0%
2 5858
0.0%
3 271291
+7.4%
4 322362
+12.4%
5+ 137140
+2.2%

Summary: The Northwest Travis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 2.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8588+3.5%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 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. 81.6% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in Northwest Travis in October 2024, up by 3.5% month-over-month. Of the 87 sold homes, 82% were sold under asking, 8% were sold at asking, and 10% 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

Oct 2023Oct 2024CHANGE
61 Days84 Days+37.6%

Summary: Homes in Northwest Travis had an average of 84 days on market in Oct 2024, up by 37.6% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

32 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 October 2024, 88 homes were sold in Northwest Travis; 31% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 36% 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 16 Days Ago

Newest Listings in Northwest Travis, TX

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