Austin Texas Luxury Real Estate Market Report February 2025

The latest Luxury Market Report for Austin reveals key trends shaping the high-end real estate market. As of February 2025, Austin’s luxury real estate market appears to be tipping slightly back into buyer’s market territory based on MLS data as more inventory is being listed a bit ahead of the spring selling season. Some desirable areas of town with lower inventory are seeing multiple offers for homes that are priced well and have been updated or are in newer condition.

What is not represented here are inventory and sales on the private market. A record number of homes are being listed and sold on the private market, making it imperative for buyers to work with real estate agents who have access to local resources and luxury agent networks. Local title companies are also reporting strong sales volume so far this year and increased orders for properties being prepared to go on the market soon.

So, what does this mean for you? Whether you're looking to buy a luxury home or sell for top dollar, let's break down some of the numbers and explore how you can make the most of the current market.

Single-Family Luxury Homes

Market Type: Buyer’s Market (11% sales ratio, not representing private sales)

Luxury Benchmark Price: $1,400,000

Median Sales Price: $1,830,000 (a slight decrease from the previous year likely due to private market activity)

Median Days on Market: 57 days (down from 65 in January 2024)

Sale-to-List Price Ratio: 95.78%

Most Active Price Band: $1,500,000 - $1,599,999 (with a 44% sales ratio)

The market currently favors buyers, with increased inventory and moderate sales activity. Homes in the $1.5M-$1.6M price range are moving the fastest, making it a competitive segment.

Luxury Attached Homes (Condos & Townhomes)

Market Type: Buyer’s Market (9% sales ratio)

Luxury Benchmark Price: $800,000

Median Sales Price: $1,175,000

Median Days on Market: 71 days (up from 69 in January 2024)

Sale-to-List Price Ratio: 96.00%

Most Active Price Band: $1,500,000 - $1,999,999 (24% sales ratio)

Luxury attached homes are also experiencing a buyer-friendly market, with increased inventory and relatively stable pricing.

What This Means for Buyers & Sellers

For Buyers: The current market conditions present opportunities to still be able to negotiate favorable deals, especially in higher price brackets. This may change quickly based on tour activity during the spring selling season. There are micro-markets throughout Austin so activity often varies depending on the area or community.

For Sellers: Pricing competitively and staging effectively will be key to standing out in a market with increasing inventory.

So far 2025 appears to be a good year to move fore those who have been waiting for a better balanced market. Strategy will be key in navigating the market so make sure you are working with a knowledgeable real estate professional to help you plan.

If you aren't currently working with a real estate agent and would like guidance I will be delighted to help you! If you would like more specific information and statistics about a specific area please let me know by reaching out to me at 512-709-4509 (text).

Thank you to our partners at The Institute For Luxury Home Marketing for sharing their data.