Community Impact Austin reports, "the median home price in August for the majority of Lake Travis/Westlake homes is down year over year, according to data from the Austin Board of Realtors. Homes in the 78733 ZIP code saw the biggest drop with median home prices decreasing by nearly 57%.
Prices did increase in some ZIP codes, however. The median price of homes sold in 78735 was $1.2 million, nearly 50% higher than last year. Median home prices in 78746 also reached $2.7 million, the highest in the market.
The number of home sales are also down year over year, with sales in 78735 dropping 43%, the highest in the market. There were some jumps, however; in 78733, home sales increased by 350%, the highest in the market.
Overall, homes stayed on the market longer compared to last year, in line with other Austin-area trends. Homes in 78733 saw the largest increase in the number of days on the market, jumping from five days in August 2022 to 61 days in August 2023."
Source: Community Impact Austin
Written by: Brittany Anderson
Published: September 14, 2023
Posted by Grossman & Jones Group on