Why Live in Lakeway
Lakeway, TX, located on the south shores of Lake Travis, is an independent city known for its resort-like atmosphere and scenic waterfront hills. The city has a rich history, from its early days of homesteaders and land disputes to its current status as a popular vacation destination. Lakeway is part of the Lake Travis Independent School District, which serves around 11,400 students and is highly rated in the Austin region. Additionally, prestigious private schools such as the International School of Texas and St. Stephen's Episcopal School offer excellent educational opportunities nearby. The city boasts numerous attractions, including marinas, country clubs, and public parks like Lakeway City Park, which features a butterfly garden, dog park, sports courts, and beaches for swimming. Shopping and entertainment are centered around the Oaks at Lakeway, a large shopping mall with supermarkets, big box stores, and various indoor activities. Housing in Lakeway primarily consists of suburban single-family homes, ranging from modest to luxurious estates, with styles including Prairie and Mediterranean architecture. The city is car-dependent, with residents typically commuting by car, and major employers include Lake Travis ISD, Lakeway Resort & Spa, and Baylor Scott & White Medical Center. Despite the rugged landscape and environmental challenges such as droughts and flash flooding, Lakeway has a lower crime rate compared to the national average, making it a safer place to live.
Home Trends in Lakeway, TX
On average, homes in Lakeway, TX sell after 160 days on the market compared to the national average of 69 days. The median sale price for homes in Lakeway, TX over the last 12 months is $990,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$990,000
Median Single Family Sale Price
$999,000
Median Townhouse Sale Price
$455,000
Median 2 Bedroom Sale Price
$499,000
Average Price Per Sq Ft
$349
Number of Homes for Sale
29
Last 12 months Home Sales
123
Median List Price
$1,008,990
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
0%