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The Lakeway housing market is moderately competitive. Last month, the median home price was $767,000, reflecting a 5.6% decline compared to the same period last year. However, the median price per square foot rose to $287, marking a 3.6% year-over-year increase. This suggests that while overall sale prices have softened slightly, buyer demand remains strong for well-located or efficiently sized properties.
Median Sale Price
Sale Price per Sq. Ft.
Total Homes Sold
Days on The Market
In February 2025, the median home price in Lakeway declined to $767,000, down 5.6% from the same time last year. While prices have softened, homes are selling more quickly—averaging 88 days on the market compared to 113 days last year—indicating a more efficient market despite the price adjustment. A total of 30 homes were sold in February, a slight decrease from 36 in the previous year, which may reflect tighter inventory or more selective buyer activity. Overall, the market remains steady, with motivated buyers and sellers actively engaging, even as pricing continues to recalibrate.
Lakeway remains a somewhat competitive market, with homes typically selling in about 56.5 days. While not every property moves quickly, some do receive multiple offers—particularly those that are well-priced and move-in ready. On average, homes sell for around 3% below the list price and go pending in approximately 57 days. However, highly desirable listings—such as those with updated features, views, or prime locations—can sell at or near asking price and go under contract in as little as 31 days. Buyers still have some negotiation leverage, but timing and presentation remain key for sellers aiming to stand out.
Many people relocating to Lakeway, TX are coming from major metropolitan areas, with Los Angeles leading the list of inbound interest. This is followed by Dallas and San Francisco, indicating that both out-of-state buyers from high-cost West Coast cities and regional movers within Texas are drawn to Lakeway. While only 1% of total homebuyers nationwide searched to move into Lakeway, the interest from these urban centers suggests Lakeway’s appeal as a lifestyle-oriented suburb with access to Austin, scenic surroundings, and more space at relatively better value.
Your Comprehensive Guide to Lakeway Real Estate
The real estate market in Lakeway, TX, is active and competitive, characterized by steady demand and appreciating property values. With a mix of luxury homes, single-family residences, and condos, the market offers diverse options for buyers. The area attracts both families and retirees, contributing to a balanced and dynamic market.
Lakeway is desirable due to its scenic beauty, excellent amenities, and high quality of life. Located near Lake Travis, it offers a resort-like atmosphere with opportunities for outdoor activities such as boating, fishing, and hiking. The community is known for its friendly, laid-back lifestyle, top-rated schools, and proximity to Austin, making it ideal for families and professionals.
The average home price in Lakeway, TX, typically ranges from $500,000 to $800,000, though this can vary widely based on the property's size, location, and amenities. Luxury homes can exceed $1 million, while more affordable options are available in the lower price ranges.
Yes, Lakeway real estate is considered a good investment due to its strong market demand, desirable location, and high quality of life. The area's property values have shown consistent appreciation, making it attractive for both long-term residential use and rental income potential.
People buy homes in Lakeway for its excellent quality of life, beautiful natural surroundings, and top-rated schools. The community offers a safe, family-friendly environment with a range of recreational activities. Proximity to Austin also provides easy access to city amenities while enjoying the tranquility of suburban living.
Yes, Lakeway is a great place to raise a family. The area boasts top-rated schools, safe neighborhoods, and plenty of family-friendly activities and amenities. The community atmosphere is supportive and welcoming, making it an ideal environment for children.
Popular neighborhoods in Lakeway include Rough Hollow, The Hills of Lakeway, and Serene Hills. These areas are known for their beautiful homes, excellent amenities, and scenic views. Each neighborhood offers a unique blend of luxury and comfort, catering to different lifestyles.
The most affordable areas in Lakeway are typically found in older, established neighborhoods or smaller developments. Areas such as Cardinal Hills and portions of Apache Shores offer more budget-friendly housing options while still providing access to Lakeway’s amenities.
Yes, Lakeway is served by the highly-rated Lake Travis Independent School District, known for its excellent educational programs and facilities. The district includes top-performing schools such as Lakeway Elementary and Lake Travis High School, making it an attractive area for families with school-aged children.
Lakeway offers a variety of amenities and attractions, including the Lakeway Resort and Spa, golf courses, marinas, and numerous parks and trails. The Lakeway City Park and the nearby Hamilton Greenbelt provide ample opportunities for outdoor activities. The community also has a range of shopping, dining, and entertainment options.
Yes, Lakeway is known for its low crime rates and safe, family-friendly environment. The community is well-maintained, and local law enforcement is active in ensuring the safety and security of residents.
The commute from Lakeway to downtown Austin typically takes about 30 to 45 minutes, depending on traffic conditions. Major roads such as RM 620 and Highway 71 provide convenient access to Austin and other surrounding areas. While traffic can be heavy during peak hours, many residents find the commute manageable.
To find a reliable real estate agent in Lakeway, TX, you can start by exploring online platforms. Additionally, you may consider reaching out to Foreman Property Group, a reputable real estate team known for their proficiency in Lakeway market. You can contact him directly for personalized assistance and guidance in your real estate endeavors.
When buying property in Lakeway, consider factors such as proximity to Lake Travis, HOA regulations, and potential flood zones. It's advisable to work with a local real estate agent who can provide insights into the area's specific market conditions and guide you through the buying process.
Yes, Lakeway offers a variety of housing options, including single-family homes, condos, and townhomes. Whether you are looking for a spacious family home or a low-maintenance condo, the real estate market in Lakeway has something to suit different needs and budgets.
Have questions about the Lakeway market or ready to make your move? We're here to assist! Whether you're just starting your search or ready to secure your next property, our team offers expert guidance every step of the way. Contact us now to explore the best opportunities in Lakeway, TX!
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