Austin Texas Luxury Real Estate Market Report January 2025
Key Insights and Trends:
As we step into 2025, Austin’s luxury real estate market is showing signs of stability, with a balanced market for single-family homes and a buyer’s market for attached properties. Here is a breakdown of the latest trends shaping the high-end housing landscape in Austin.
- Luxury Single-Family Homes: A Balanced Market
- Luxury Benchmark Price: $1,400,000
- Median Sales Price: $2,000,000
- Sales-to-List Price Ratio: 94.88%
- Median Days on Market: 61 (down from 71 in December 2023)
- Total Inventory: 365 homes
- Total Sales: 72 homes
- Most Active Price Band: $3M - $3.49M (35% sales ratio)
Single Family Homes:
Austin’s single-family luxury market maintains a 20% sales ratio, classifying it as balanced. Homes in the $3M-$3.49M range saw the highest demand, while properties over $5M experienced slower movement. The median sales price remained steady at $2M, with homes selling for just under 95% of their list price.
- Luxury Attached Homes: A Buyer’s Market
- Luxury Benchmark Price: $800,000
- Median Sales Price: $1,025,000
- Sales-to-List Price Ratio: 95.87%
- Median Days on Market: 107 (up from 59 in December 2023)
- Total Inventory: 161 units
- Total Sales: 11 units
- Most Active Price Band: $1M - $1.1M (25% sales ratio)
Attached Homes:
The luxury attached home market remains in favor of buyers, with a 7% sales ratio and an increase in median days on market. While the median price hovers around $1.025M, attached homes are taking longer to sell compared to last year.
What This Means for Buyers & Sellers:
For Sellers: Single-family homes are selling steadily, especially in the $3M range. Pricing competitively and preparing homes for market will be key. Attached home sellers should expect longer selling timelines and may need to be flexible on pricing.
For Buyers: The attached home market presents opportunities for negotiation, while single-family luxury homes in certain price bands remain competitive.
Looking Ahead:
The Austin luxury market continues to evolve, balancing demand with supply. Whether you are looking to buy, sell, or invest in high-end real estate, understanding these trends can help you make informed decisions.
For personalized insights or a deeper dive into the Austin luxury market, feel free to reach out! This data was obtained from the Austin MLS as part of my partnership with The Institute for Luxury Home Marketing and Certified Luxury Marketing Specialist (CLHMS) Designation. Austin is unique from other markets due to a large amount of inventory not being available in the MLS. This data does not reflect statistics for properties not listed in the MLS. For more details or to request specific information reach out to me (Megan Kirkpatrick) at 512-709-4509.
