Is Travis Heights / South River City, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Travis Heights / South River City is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Travis Heights / South River City has remained a Seller's Market.

Key Takeaway

Travis Heights / South River City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Travis Heights / South River City, TX

How much do homes in Travis Heights / South River City, TX cost?

Median Sold Price

$965,000

$605/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$32,000(-3.2%)

Key Takeaway

Homes in Travis Heights / South River City have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Travis Heights / South River City was $965,000 in November 2024, down 3.2% from last year, and the median price per square foot was $605.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$325K
+8.3%
2 $389K$660K
+69.7%
3 $1.2M$1.1M
-8.3%
4 $1.8M$1.6M
-11.5%
5+ $2.8M$2.4M
-17.2%

Summary: Travis Heights / South River City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 69.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 17.2%.

Median Sold Price Compared To Nearby Neighborhoods

Travis Heights / South River City
-3.2%
South Congress (SoCo)
-36.5%

Housing Supply in Travis Heights / South River City, TX

How many homes are available in Travis Heights / South River City, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5551-7.3%

Summary: The Travis Heights / South River City real estate market had 51 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1310
-23.1%
3 2322
-4.3%
4 1110
-9.1%
5+ 78
+14.3%

Summary: The Travis Heights / South River City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Travis Heights / South River City, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Travis Heights / South River City in November 2024, up by 80.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Travis Heights / South River City, TX

How long does it take to sell a home in Travis Heights / South River City, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days97 Days+113.7%

Summary: Homes in Travis Heights / South River City had an average of 97 days on market in Nov 2024, up by 113.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Travis Heights / South River City; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% 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

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