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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Travis is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Southwest Travis, TX

How much do homes in Southwest Travis, TX cost?

Median Sold Price

$799,166

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$94(0.0%)

Key Takeaway

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

Summary: The median home sold price in Southwest Travis was $799,166 in October 2024, the same as last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $324.5K$262.5K
-19.1%
2 $462.5K$460.7K
-0.4%
3 $630K$589.1K
-6.5%
4 $890K$869.5K
-2.3%
5+ $1.3M$1.4M
+9.2%

Summary: Southwest Travis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

The Hills
+6.1%
Bee Cave
+3.2%
Southwest Travis
0.0%
Lakeway
-2.9%

Housing Supply in Southwest Travis, TX

How many homes are available in Southwest Travis, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
848904+6.6%

Summary: The Southwest Travis real estate market had 904 homes for sale in October 2024, a 6.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1413
-7.1%
2 4245
+7.1%
3 274292
+6.6%
4 349371
+6.3%
5+ 169183
+8.3%

Summary: The Southwest Travis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7999+25.3%

Asking Price vs. Sold Price

81 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Travis, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 99 homes were sold or pending in Southwest Travis in October 2024, up by 25.3% month-over-month. Of the 99 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for Southwest Travis, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days91 Days+27.7%

Summary: Homes in Southwest Travis had an average of 91 days on market in Oct 2024, up by 27.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

46 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 99 homes were sold in Southwest Travis; 24% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 46% 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

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