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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Lake Travis is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, South Lake Travis was a Neutral Market.

Key Takeaway

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

Housing Prices in South Lake Travis, TX

How much do homes in South Lake Travis, TX cost?

Median Sold Price

$830,000

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$1,678(-0.2%)

Key Takeaway

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

Summary: The median home sold price in South Lake Travis was $830,000 in December 2024, down 0.2% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $250K$259K
+3.6%
2 $561.5K$522.5K
-6.9%
3 $605K$580K
-4.1%
4 $840.7K$840K
-0.1%
5+ $1.2M$1.2M
-1.7%

Summary: South Lake Travis housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 1.7%.

Housing Supply in South Lake Travis, TX

How many homes are available in South Lake Travis, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
247234-5.3%

Summary: The South Lake Travis real estate market had 234 homes for sale in December 2024, a 5.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 46
+50.0%
2 44
0.0%
3 6461
-4.7%
4 108101
-6.5%
5+ 6762
-7.5%

Summary: The South Lake Travis housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 7.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2327+17.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Lake Travis, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in South Lake Travis in December 2024, up by 17.4% month-over-month. Of the 27 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for South Lake Travis, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
118 Days97 Days-18.2%

Summary: Homes in South Lake Travis had an average of 97 days on market in Dec 2024, down by 18.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 27 homes were sold in South Lake Travis; 37% of homes were sold within 30 days, 22% 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 7 Days Ago

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