Is Southwest Travis, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southwest Travis was a Seller's Market.
Housing Prices in Southwest Travis, TX
How much do homes in Southwest Travis, TX cost?
Median Sold Price
$800,632
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southwest Travis was $800,632 in May 2024, down 5.7% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $356K | $310.6K | -12.8% |
2 Bedrooms | $492.5K | $461K | -6.4% |
3 Bedrooms | $650K | $615.6K | -5.3% |
4 Bedrooms | $924.4K | $890K | -3.7% |
5+ Bedrooms | $1.4M | $1.4M | +3.3% |
Summary: Southwest Travis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Bee Cave | $882K | $903K | +2.4% |
The Hills | $920K | $897.7K | -2.4% |
Southwest Travis | $849K | $800.6K | -5.7% |
Lakeway | $855K | $760K | -11.1% |
Point Venture | $462.5K | $395K | -14.6% |
Housing Supply in Southwest Travis, TX
How many homes are available in Southwest Travis, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,015 | 1,151 | +13.4% |
Summary: The Southwest Travis real estate market had 1,151 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 55 | 58 | +5.5% |
3 Bedrooms | 327 | 371 | +13.5% |
4 Bedrooms | 389 | 433 | +11.3% |
5+ Bedrooms | 225 | 269 | +19.6% |
Summary: The Southwest Travis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
129 | 123 | -4.7% |
Asking Price vs. Sold Price
89 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in Southwest Travis in May 2024, down by 4.7% month-over-month. Of the 123 sold homes, 72% were sold under asking, 13% were sold at asking, and 15% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 67 Days | +2.7% |
Summary: Homes in Southwest Travis had an average of 67 days on market in May 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During May 2024, 123 homes were sold in Southwest Travis; 47% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.