Lakeway Market Report: 78734 Prices Ease While Homes Take 77 Days to Sell
Lakeway's 78734 median sale price fell 4.9% year over year to $664,803 for the three months ending May 2026, while median days on market stretched from 48 to 77. Sale-to-list held near 96%, so the shift is showing up as waiting time rather than deeper discounts.
Median price down 4.9% year over year
$664,803 for the three months ending May 2026, with median price per square foot at $277, off 1.4%.
Homes now take 77 days to sell
Up from 48 days a year earlier. Typical listings go pending in about 72 days; faster-moving homes in about 37.
Sale-to-list steady near 96%
96.1%, up 0.06 points year over year. Sellers are conceding time, not materially more price, once a buyer engages.
Inventory skews above $1 million
Of 221 active single-family listings on July 27, 2026, about 46% were asking above $1 million and only 11% below $500,000.
Sales volume nearly flat
104 homes sold in the May 2026 window versus 109 a year earlier, a 4.6% decline. Redfin scores 78734 at 39 out of 100.
The short answer: 78734 has shifted toward buyers, and time on market is where you feel it.
Over the rolling three months ending May 2026, the median sale price in Lakeway's 78734 ZIP was $664,803 — down 4.9% from the same period a year earlier. Median price per square foot came in at $277, off 1.4% year over year.
The clock moved more than the price did. Homes in 78734 sold after a median of 77 days, compared with 48 days a year ago. That is roughly a month of extra waiting on the same house. Meanwhile the sale-to-list ratio held at 96.1%, essentially unchanged year over year. Read those two numbers together and the story is clear: sellers are not conceding much more at the closing table, they are simply waiting longer to get there.
Volume is close to flat. There were 104 homes sold in the May window, down from 109 a year earlier — a 4.6% decline. Redfin scores the ZIP "somewhat competitive" at 39 out of 100, with typical listings going pending in about 72 days and faster-moving homes in about 37.
Current inventory is top-heavy. Of the 221 single-family homes listed for sale in 78734 on July 27, 2026, roughly 28% were asking between $1 million and $2 million and another 18% were above $2 million. Only about 11% were priced under $500,000. If you are shopping the entry tier of Lakeway, you are competing for a thin slice of the market; if you are selling above $1 million, you are one of many.
What to do with this. Sellers: the first two weeks of exposure now carry the pricing decision, because a 77-day median means a mispriced listing sits well into the fall. Buyers: the leverage is in timing and terms, not in headline discounts.
Working the Lake Travis side of the market. Jonathan Creath is a Real Estate Advisor with Kuper Sotheby's International Realty, part of Creath Partners — the family business his father Garry Creath founded in 1971 and brought to Austin in 1989. Lakeway and the Lake Travis areas are among the markets the practice covers; its Lakeway sales include astronaut Alan Shepard's former home at 818 Mariner, built in 1967, which sold for $1,599,000. TREC License #547237.
Lakeway as of July 27, 2026
These figures are frozen at publication. The Lakeway guide carries the current month's numbers.
Every number, and where it came from.
Median sale price in 78734 was $664,803 over the three months ending May 2026, down 4.9% year over year.
redfin.com ↗Median sale price per square foot in 78734 is $277, down 1.4% since last year.
redfin.com ↗Homes in 78734 sell after a median 77 days on market compared with 48 days last year.
redfin.com ↗Sale-to-list price in 78734 was 96.1% in May 2026, up 0.06 points year over year.
redfin.com ↗There were 104 homes sold in 78734 in May 2026, down from 109 a year earlier, and Redfin's Compete Score for the ZIP is 39.
redfin.com ↗221 single-family homes were listed for sale in 78734, with band counts of 25 under $500K, 51 from $500K-$750K, 46 from $750K-$1M, 63 from $1M-$2M and 40 above $2M as of July 27, 2026.
redfin.com ↗
Sale metrics are Redfin's calculations from MLS and public records for ZIP 78734, reported on a rolling three-month basis ending May 2026 (the most recent period Redfin publishes for this ZIP). The price distribution is not from a banded source: it is approximated by counting Redfin's 221 active single-family listings in 78734 across price filters on July 27, 2026, so it reflects asking prices of current inventory rather than closed sales.
