Homes in the Lake Travis-Westlake area attracting buyers as sales spike in January 2025.
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Sponsor Our ArticlesThe Lake Travis-Westlake area of Austin is witnessing a remarkable rebound in the real estate market this January. Home sales in the 78746 ZIP code surged by 300%, with total sales across the region increasing to 112 homes overall. Despite some areas experiencing declines, such as the 78730 ZIP code, the market shows a positive shift with an increase in inventory and a healthy transaction volume. Prospects for stabilization and continued demand, particularly driven by the tech sector, make this an exciting time for buyers and sellers alike.
In a delightful twist for home buyers and sellers alike, the Lake Travis-Westlake area of Austin has caught the spotlight with a significant surge in home sales this January. According to fresh data, it looks like we’re witnessing an exciting rebound in the market!
The figures tell a dramatic story, especially in the 78746 ZIP code, known as the Westlake area, where home sales ballooned by a staggering 300% compared to January 2024. This remarkable jump saw sales leap from just 3 homes last year to an impressive 12 sales this year. Talk about a turnaround!
Meanwhile, the neighboring 78732 ZIP code, in Steiner Ranch, also got in on the action with a 183% increase in home sales—clearly a sign that buyers are eager to snap up opportunities in this charming region.
However, not every ZIP code painted a rosy picture. The 78730 ZIP code, close to the scenic shores of Lake Austin, reported a notable 65.2% decline in home sales year-over-year. A gentle reminder that real estate can have its ups and downs!
When we’ve got the whole Austin-Round Rock-San Marcos metro area in mind, the median sales price stands at about $409,765, representing a 4.7% dip from January 2024. Still, this hasn’t dampened spirits, as closed sales for January reached a healthy 1,761 transactions, showing a slight increase of 1.1% from last year.
Interestingly, the months of inventory have slightly increased to 5.6 months, a rise of 0.9 months compared to last January.
As for price ranges, most homes sold in the five prominent ZIP codes are comfortably tucked between $300,000 and $699,999, with a handful of luxurious transactions exceeding $900,000.
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