Ed Neuhaus 
Lakeway’s median sale price came in at $777,500 in February 2026 — down 7.4% from February 2025’s $840,000. With only 18 closings, monthly statistics here can swing on a handful of outlier sales — look to the trend data for a more complete picture.
Before diving into what it means, lets look at the full picture.
February 2026 by the Numbers
18 homes closed in Lakeway last month. Here’s the snapshot:
The numbers at a glance:
- Median Sale Price: $777,500 (-7.4% year-over-year)
- Average Sale Price: $1,076,028 (+20.4% YoY)
- Price Per Square Foot: $312 (-2.2% YoY)
- Total Sales Volume: $19.4 million
- Homes Sold: 18 (+12.5% YoY)
- Average Home Size: 3,313 square feet
Lakeway’s February Market: Luxury with Nuance
Lakeway closed just 18 homes in February at a $777,500 median — this is the highest-priced market in our analysis. At this volume level, individual closings dramatically affect the median: one $2M sale in a 18-home month can skew numbers significantly. The $1,076,028 average vs $777,500 median confirms several high-end closings pulled the average up substantially.
The Inventory Picture: Buyers Hold the Cards
Lakeway currently has 110 active listings and 6.1 months of supply at the February sales pace. Six months of supply is the generally accepted benchmark for a balanced market. Below that is a seller’s market; above it favors buyers.
That puts Lakeway firmly in buyer’s market territory.
Where the Action Is (and Isn’t)
Not every price range moves the same way. The chart below breaks it down:
$500K-$600K and $1.2M+ are where buyers are competing, with under 4 months of supply. If you’re selling in those ranges, you have the upper hand.
The $700K-$800K range has 15.0 months of supply (15 active listings, 1 sold in February). Buyers shopping there have real time and leverage.
How Fast Homes Are Selling
With 22 median days on market (the shortest in this analysis), Lakeway’s February closings came together quickly — but interpret that carefully. At 18 transactions, the median DOM can be misleading. The active listing median DOM of 38 days is a more reliable measure of how the inventory as a whole is performing.
The median days on market for closed sales in February was 22 days. Active listings have a median DOM of 38 days, which gives you a sense of how the current inventory is performing.
Buyer Negotiating Power
Homes in Lakeway closed at -2.8% below asking price in February — modest but real negotiating room. The list-to-close ratio of 90.7% tells you that sellers who price correctly are getting deals done without dramatic concessions.
The Bigger Picture: Lakeway Pricing Over Time
The 2024 full-year median was $747,000. The 2025 full-year median was $761,250. The 2026 YTD median (January + February combined) is $756,250.
Lakeway’s annual median has been volatile given the small sample sizes — ranging from $700K to over $900K in different months of 2025. The Lake Travis lifestyle, proximity to Steiner Ranch, and the established Lakeway golf community keep luxury demand present, but it’s thin and sensitive to interest rate movements.
The monthly view puts the current trend in sharper focus:
Frequently Asked Questions
What This Means for Buyers
Lakeway buyers at the $600K-$800K range are in a reasonably good position. Supply is available and sellers are negotiating — homes closed 2.8% under asking in February. Above $1M, take your time: the market is thin and motivated sellers are more likely to flex. Know which sub-community you want before you make an offer — neighborhood matters here.
What This Means for Sellers
Lakeway sellers need professional marketing at this price point. High-quality photography, video, and targeted reach to the specific buyer profile (affluent, often relocation from outside Texas) are non-negotiable. With only 18 closings per month, your listing needs to be exceptional — because buyers will compare it to every other luxury listing in the Lake Travis corridor.
All data sourced from Unlock MLS, current as of March 11, 2026. Lakeway market data includes residential single-family, townhome, and manufactured home sales.
Thinking about buying or selling in Lakeway? Contact the Neuhaus Realty Group for a personalized market analysis based on the latest data.
See all 15 city reports: Austin Area Market Updates: February 2026 Data
