Austin Texas Luxury Real Estate Market Report May 2025
As we spring into the second quarter of 2025, Austin’s luxury real estate market continues to offer opportunity and insight for both buyers and sellers navigating the high-end home landscape. The information below does not include privately listed real estate data. Reach out to Megan Kirkpatrick for details about the Central Texas private real estate market. Now let's dive in!
Single-Family Luxury Market: A Window for Buyers
The Austin single-family luxury market—defined as homes priced above $1.4 million—is officially in Buyer’s Market territory, with a sales ratio of just 11%. Inventory has climbed to 790 active listings, while April saw only 84 closed sales, reflecting a 16% year-over-year increase in inventory.
The median sales price rose slightly to $1,990,049, and homes sold for 95.76% of list price, with an impressively short median of 20 days on market. While the overall market is cooler, certain price bands—particularly the $1.6M–$1.699M range—are moving quickly, showing a 22% sales ratio, indicating strong demand in that niche.
Attached Luxury Homes: Holding Steady but Slower
In the attached luxury home segment—defined as properties priced above $800,000—the market is also a Buyer’s Market with a 9% sales ratio. With 288 active listings and 26 sales in April, this segment is moving more cautiously.
The median price for attached luxury homes was $1,019,500, with homes selling at 94.84% of list price and spending an average of 38 days on the market, down from 48 days in April 2024.
The hottest segment? Properties priced between $1M and $1.099M, where the sales ratio spiked to 25%, showing pockets of high buyer interest.
What This Means for You
Buyers: With inventory up and sales ratios below 12%, you may have more negotiation power and time to make informed decisions. But be aware—homes in key price bands are still moving quickly. If you’re searching in the $1.6M range for single-family homes or around $1M for condos or townhomes, you’ll want to act fast.
Sellers: Pricing and presentation are more important than ever. The best-performing properties are those that are well-staged, thoughtfully priced, and marketed with strong digital and agent-to-agent exposure.
Let’s Talk Strategy
If you’re considering a move in Austin or the surrounding Hill Country, now is a great time to evaluate your options. Whether you’re looking to list your home for maximum return or secure a dream property in a competitive pocket, I’m here to help.
Let’s connect to discuss your goals and how Ivy Residential Group can elevate your experience in the luxury market.
