Horseshoe Bay Market Report, July 2026: Buyers Have Room, the Lake Doesn't Move
Horseshoe Bay's median home value sits near $639K, down 2.4% year over year, with a 72-day median time on market and about 20% of active listings discounted. Meanwhile Lake LBJ held near 97.3% of conservation pool as Lake Travis swung from 85.5% to 100% full in a single month.
Median value down 2.4% YoY
ZIP 78657's median home value was roughly $639K in the latest reading, a 2.4% decline from a year earlier.
72-day median time on market
Down about 14% year over year, but still a pace that gives buyers time to evaluate and negotiate.
About one in five listings cut
Roughly 20% of active listings had already taken a price reduction, a direct signal of seller flexibility.
Inventory spans $23K to $10M
Active listings run from vacant lots near $23K to waterfront properties just under $10M, so a single median hides most of the story.
Lake LBJ stays at constant level
Lake LBJ held near 97.3% of its 825-foot conservation pool while Lake Travis moved from 85.5% to 100% full in the same 30 days.
Short answer: buyers have leverage in Horseshoe Bay right now. The median home value in ZIP 78657 sat near $639K in the latest reading, down 2.4% year over year, and roughly one in five active listings had already taken a price reduction.
Time on market is improving, not tight. The median ran about 72 days, down roughly 14% from a year earlier. That is faster than last summer, but nowhere near a seller's pace — a 72-day median means most sellers list, wait, and then adjust.
Supply is still arriving. Seventy-one new properties came to market between late June and late July, about 24.6% more than the prior month. In a market this small, that is real new competition for anything already sitting.
The price spread is enormous. Active inventory runs from roughly $23K for vacant lots to just under $10M for large waterfront properties. That spread is exactly why a single headline median can mislead here — a handful of big waterfront closings in one month can move the number several percent in either direction.
The steadiest number on this page is the lake. Lake LBJ held about 97.3% of its conservation pool in late July 2026, near 824.6 feet against a full-pool elevation of 825.0. It is managed as a constant-level lake inside LCRA's Highland Lakes chain. For contrast, Lake Travis — a storage reservoir — went from about 85.5% full to 100% full over the same 30-day window.
What that means if you are shopping waterfront. On a constant-level lake, the waterline in front of a property, and therefore the year-round usability of a dock, boathouse or lift, is far more predictable. That predictability is the clearest structural difference between shopping Lake LBJ and shopping Lake Travis, and it holds regardless of what the medians do in any given month.
Read these numbers with care. Horseshoe Bay is a thin, low-volume resort market. The figures above are ZIP- and city-level rather than neighborhood-level, and monthly medians here can swing on very few transactions.
Horseshoe Bay as of July 27, 2026
These figures are frozen at publication. The Horseshoe Bay guide carries the current month's numbers.
Every number, and where it came from.
Median home value in ZIP 78657 was about $639K, down 2.4% year over year, with a median 72 days on market and roughly 20% of listings taking a price reduction.
prop-metrics.com ↗71 new properties came to market in the period ending 2026-07-28, up 24.56% from the prior month, with active listings ranging from about $23,000 to $9,995,000.
texcella.com ↗Lake LBJ was at 824.59 feet and 97.3% full in late July 2026, against a conservation pool elevation of 825.00 feet.
waterdatafortexas.org ↗Lake Travis was 100% full at 681.10 feet in late July 2026, up from 85.5% full one month earlier.
waterdatafortexas.org ↗Horseshoe Bay's 2026 annual maintenance fees are $360.99 for Proper, North and South, and $866.52 for Horseshoe Bay West.
hsbpoa.org ↗
Home value, days-on-market and price-reduction figures are ZIP-level (78657) from Prop:Metrics listing data; new-listing counts and the active price range are city-level from Texcella's Horseshoe Bay market insights for the period ending 2026-07-28. Lake levels are from Water Data for Texas (LCRA gauge data). Horseshoe Bay is a thin, low-volume resort market and no neighborhood-level series was available, so ZIP and city figures are used here — a few large waterfront closings in a single month can swing the medians by several percent. The price_distribution bands below are an approximation derived from the observed active-listing range and median value, not a published banded source.
