What does a home in Sweetwater cost?

Sweetwater is a master-planned community of single-family homes in the Lakeway area, about 17 miles west of downtown Austin, just south of Rough Hollow. Much of it is recent construction: the median home sold over the last year was built in 2021, and about 41% were built in 2023 or later. 107 homes sold there in the 12 months ending September 2026 at a median of $700,000, and 36 are for sale today.

Sweetwater houses sold for a median of $700,000 across 107 sales in the last 12 months. Bedroom count is the biggest driver: three-bedroom homes had a median of $512,500, four-bedroom homes $715,000, and homes with five or more bedrooms $920,000. The median home for sale today is listed at $792,500, with active listings from $480,000 to $4,000,000, so the asking side of the market sits above what recent buyers actually paid.

Sweetwater has about 4.0 months of supply as of September 2026, which leans slightly toward sellers. Homes are selling faster than a year ago, with a 38-day median against 56 days before. Buyers still have leverage on the right homes: 50% of homes that sold had cut their price, and the typical home closed at 95.0% of its original list. Negotiating room depends on how a specific home was priced when it launched.

Yes, on the median. Over the last 12 months Sweetwater's median sale was $700,000 across 107 sales, while Rough Hollow, just to the north, had a median of $875,000 across 137 sales. Part of the gap is the mix: 46 of Rough Hollow's sales had five or more bedrooms, against 19 in Sweetwater. Comparing homes with the same bedroom count and square footage in each community gives a fairer read, and we can pull those matched sales for you.

Start with a loan approval for the price band you want; four-bedroom homes, the most common sale, had a median of $715,000. Then set up a saved search inside the Sweetwater boundary so new listings reach you the day they list, since homes are going under contract in about 38 days. Because about 41% of recent sales were built in 2023 or later, compare builder incentives against what a resale seller will negotiate.

Pricing against builder list prices instead of closed resale numbers. With new construction still a large share of what sells, a resale home competes with brand-new inventory and incentives. Over the last year half of Sweetwater homes that sold cut their price, and the typical home closed at 95.0% of its original list. Homes priced to the recent closed sales of the same size and build year sold inside the 38-day median.

A large share. Of the 107 homes sold in the last 12 months, 44, about 41%, were built in 2023 or later, and the median sold home was built in 2021. The oldest homes that sold date to 2012. So most buyers here are choosing between near-new resale homes and homes still being built. Resale homes often come with finished yards, fencing and window coverings that a new build may not include in its base price.

Four-bedroom homes were the most common sale in Sweetwater over the last 12 months, with 63 sales at a median of $715,000. For context, three-bedroom homes had a median of $512,500 across 25 sales, and homes with five or more bedrooms $920,000 across 19 sales. Within the four-bedroom group, square footage, lot, views and build year move the price, so the best guide is recent sales of similar homes on nearby streets.

All 107 Sweetwater sales in the last 12 months were in the 78738 ZIP code. 78738 also covers other Lakeway and Bee Cave communities, including Rough Hollow, Flintrock Falls and Spanish Oaks, whose prices range far above and below Sweetwater's. Because ZIP-level statistics blend those very different homes, the figures on this page come only from sales inside the Sweetwater boundary used by our map search.

Request a home value from us and we will price it against the Sweetwater sales that match it: similar bedrooms, square footage, build year and lot, from the last 12 months of ACTRIS MLS closings. For context, the community median was $700,000 across 107 sales, and the typical home closed at 95.0% of its original list price. We will also show you the new-build and resale homes you would be competing with today.