Lake Travis, Austin, TX 78734
Lake Travis living, city parks and golf, plus an August 2026 read on 78734 prices, pace and inventory from a Lakeway-area advisor.
Market snapshot · As of September 28, 2026
Over the rolling three months ending August 2026, the median sale price in ZIP 78734 was $679,706, down 6.2% year over year, and median price per square foot was $260, down 15.0%. Homes sold after a median 73 days versus 74 a year earlier, 128 homes sold versus 109, and the sale-to-list ratio rose to 96.9%.
Sale metrics are Redfin's calculations from MLS and public records for ZIP 78734, reported on a rolling three-month basis ending August 2026, retrieved September 28, 2026. The price distribution is not from a banded source: it is approximated by counting Redfin's 196 active single-family listings in 78734 across price filters on September 28, 2026, so it reflects asking prices of current inventory rather than closed sales.
As of September 28, 2026 · redfin.com
Latest Market Report
For the three months ending August 2026, Lakeway's 78734 median sale price fell 6.2% year over year to $679,706 while homes sold rose 17.1% to 128. Median days on market held at 73, so the June report's story of longer waits has given way to price adjustment.
$679,706 for the three months ending August 2026, a wider decline than the 4.9% reported for the May window.
A median 73 days versus 74 a year earlier, down from the 77 days in the June report.
128 homes sold in the August window versus 109 a year earlier.
Price drops fell to 42.0% of homes, down 8.7 points, and sale-to-list rose to 96.9%.
About 47% of active single-family listings on September 28, 2026 were asking above $1 million.
Lakeway sits on the south shore of Lake Travis in the Texas Hill Country, west of downtown Austin, inside ZIP 78734. The city operates Lakeway City Park, the Hamilton Greenbelt trail network, a Swim Center with a year-round heated six-lane lap pool, an Activity Center, a Heritage Center and a skate park. Lakeway Golf Club's Live Oak and Yaupon courses, The Hills Country Club and Flintrock Falls sit in or beside the city. Homes are zoned to Lake Travis ISD. Over the three months ending August 2026, the median sale price in 78734 was $679,706, down 6.2% year over year, with 128 homes sold and a median 73 days on market.
Lakeway City Park, waterfront parkland acquired by the city in 1992, has more than two miles of trails and direct Lake Travis access. A paved Lake Loop Trail runs nearly 1.5 miles around the park, which also holds a playground, picnic areas and a dog park.
The Hamilton Greenbelt opened to the public in April 1990, donated by Jack and Myrtle Hamilton along with $260,000 toward maintenance. The network follows Hurst and Yaupon creeks with developed and primitive trails, a bird blind, and trailheads off Lohmans Crossing, Palos Verdes Drive, Sailmaster Street and Clubhouse Drive.
Lakeway Golf Club operates the Live Oak and Yaupon courses, and The Hills Country Club and Flintrock Falls are also in the immediate area. Falconhead Golf Club and Twin Creeks Country Club sit nearby in the broader Lake Travis area.
The Lakeway Swim Center at 3103 Lakeway Blvd runs a heated six-lane, 25-yard lap pool year-round plus a seasonal leisure pool with zero-depth entry, body slides and lily pads. The site also has a 9,000-square-foot skate park, climbing wall, basketball and volleyball courts and concessions. The city is taking public feedback on a proposed new skate park and bike skills park at Lakeway City Park, part of the 2024 Parks Bond.
The Lakeway Arts Committee programs recurring free events at the Activity Center at 105 Cross Creek Road, including the Big Band Bash with the 17-piece Republic of Texas Big Band. Outdoor concerts and street dances run at the Justice Center, and the Heritage Center hosts committee meetings and ceremonies.
Lakeway addresses are zoned to Lake Travis ISD, which was formed June 12, 1981 after separating from Dripping Springs ISD. Elementary campuses serving 78734 include Lakeway, Serene Hills, Laura Welch Bush, River Ridge and Lake Travis Elementary. GreatSchools, a third-party rater, scores those five campuses from 6 to 10 out of 10.
Common Questions
It still leans toward buyers, but less on time and more on price. Over the three months ending August 2026, the 78734 median sale price fell 6.2% year over year to $679,706, while median days on market held at 73 versus 74 a year earlier. Sales rose to 128 from 109.
$679,706, per Redfin's rolling three-month window ending August 2026, down 6.2% from the same period in 2025. Median price per square foot was $260, down 15.0% year over year. Active single-family listings on September 28, 2026 ran from under $500,000 to above $2 million.
About 73 days at the median for 78734 in the three months ending August 2026, close to 74 days a year earlier. Redfin rates the ZIP somewhat competitive at 40 out of 100, with typical homes going pending in around 75 days and hot homes in around 35.
Fewer are. Redfin shows 42.0% of 78734 homes had price drops in the three months ending August 2026, down 8.7 points year over year. Sale-to-list rose to 96.9%, up 0.7 points, and 10.5% of homes sold above list price, up 2.2 points from a year earlier.
On September 21, 2026, Lakeway City Council set the 2026 city tax rate at .170076 per $100 of valuation, up from .1696 in 2025. The city puts the average property value at $857,615 and estimates the average owner's city bill rises about $29. School, county and other taxing units bill separately.
Lake Travis ISD, formed June 12, 1981. Elementary campuses zoned within 78734 include Lakeway, Serene Hills, Laura Welch Bush, River Ridge and Lake Travis Elementary. GreatSchools, a third party, rates them from 6 to 10 out of 10; verify current zoning with the district before you buy.
Lake Travis is the anchor. The city runs Lakeway City Park with about two miles of trails and lake access, the Hamilton Greenbelt trail network along Hurst and Yaupon creeks, a Swim Center with a year-round heated lap pool, plus an Activity Center with free concerts and a skate park.
A Real Estate Advisor with Kuper Sotheby's International Realty, part of Creath Partners, a family business his father Garry Creath founded in 1971 and brought to Austin in 1989. He sold software to Fortune 500 companies before joining. He holds Texas real estate license #547237.
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Creath Partners was founded by Garry Creath and remains a family business to this day — begun in Colorado Springs in 1971, grown in Lubbock, and brought to Austin in 1989. Service during and after.
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The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified. Licensed by the Texas Real Estate Commission, #547237.
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