Lakeway September Market Pulse: Prices Dip, Sales Slow

Lakeway saw a notable shift in September with median home prices dropping 3.2% to $670,000 across 24 closed sales. This marks the second consecutive month of price declines, bringing the year-over-year figure down 9.5%. While the median price per square foot rose slightly by 1.1% to $275, the overall market activity cooled significantly with 24 homes selling compared to 28 in August. The time it took for properties to sell increased sharply, with the median days on market rising 35.7% to 57 days. This is still a significant improvement from the same month last year when homes sat for 114 days. Sellers faced more pressure as well; 96% of closed sales went below the original list price, up from 82% in August, and the average sale-to-list ratio fell to 90.4%. Inventory levels remain elevated with 135 active listings, creating a buyer-friendly environment. The market currently holds 4.85 months of inventory, well above the balanced threshold. New construction activity was minimal with only three closings recorded. Despite the cooling prices and slower pace, the volume of sales is down 9.5% from September 2025. ALEX Intelligence analyzed these trends using a KPI dashboard comparing current month performance against prior periods and historical data to highlight the shift in buyer leverage and pricing dynamics. Curious what your Lakeway home would sell for today? Request a free ALEX Intelligence valuation. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Director, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951