Is Westside, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Westside has remained a Seller's Market.
Key Takeaway
Westside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westside, TX
How much do homes in Westside, TX cost?
Median Sold Price
$329,552
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Westside have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Westside was $329,552 in May 2024, up 7.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.2K | $100K | +7.2% |
| 2 Bedrooms | $159.9K | $165K | +3.2% |
| 3 Bedrooms | $284.4K | $293.3K | +3.1% |
| 4 Bedrooms | $500.2K | $575.5K | +15.0% |
| 5+ Bedrooms | $873.7K | $1.0M | +22.5% |
Summary: Westside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Neighborhoods
| The Parkway | $595K | $1.0M | +73.7% |
| Royal Oaks Country Club | $845K | $1.0M | +23.6% |
| Westside | $307.4K | $329.5K | +7.2% |
| Lakes of Parkway | $842.5K | $901.5K | +7.0% |
| Westchase | $173.7K | $175K | +0.7% |
Housing Supply in Westside, TX
How many homes are available in Westside, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 936 | 1,063 | +13.6% |
Summary: The Westside real estate market had 1,063 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 59 | +25.5% |
| 2 Bedrooms | 193 | 237 | +22.8% |
| 3 Bedrooms | 350 | 364 | +4.0% |
| 4 Bedrooms | 267 | 315 | +18.0% |
| 5+ Bedrooms | 79 | 88 | +11.4% |
Summary: The Westside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 251 | 200 | -20.3% |
Asking Price vs. Sold Price
121 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westside, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.
Summary: A total of 200 homes were sold or pending in Westside in May 2024, down by 20.3% month-over-month. Of the 200 sold homes, 61% were sold under asking, 19% were sold at asking, and 21% were sold over asking.
Days on Market for Westside, TX
How long does it take to sell a home in Westside, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 37 Days | +27.1% |
Summary: Homes in Westside had an average of 37 days on market in May 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
129 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westside are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 200 homes were sold in Westside; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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