Lake Travis Real Estate

Over the past 30 days, homes in Lake Travis, TX, sold for a median price of $742,000, marking a 1.6% increase compared to the same period last year. This modest growth reflects the area’s steady demand and appeal. The median price per square foot was $269.30, a slight 2.2% decrease year-over-year, which could signal opportunities for buyers to secure more value for their investment. A total of 25 homes were sold during this period, up from 20 sales last year, highlighting increased market activity and buyer interest in this scenic and sought-after community.

In the past 30 days, homes in Lake Travis, TX, had a median sale-to-list price ratio of 92.15%, reflecting a 5.1-point improvement compared to the same period last year. This indicates sellers are achieving closer to their asking prices, suggesting a strengthening market. Additionally, 4% of homes sold above the list price, a 4-point year-over-year increase, highlighting growing competition for select properties. Meanwhile, 68% of homes listed experienced price reductions, a 7-point decline from last year, signaling a shift toward more stable pricing and fewer markdowns as the market balances out.

As of yesterday, there were 297 homes for sale in Lake Travis, TX, reflecting a 3.1% increase compared to the same time last year, providing buyers with more options. Over the past 30 days, 43 new homes were listed, a 12.2% year-over-year decline, suggesting a slowdown in fresh inventory entering the market. The median days on the market dropped significantly to 57 days, down from 103 days last year, indicating quicker sales and heightened buyer activity. Additionally, the months of supply decreased from 12.7 to 10.12, signaling a tightening market that is gradually moving toward greater balance between supply and demand.