Austin Luxury Real Estate Market Update August 2025
Austin’s luxury real estate market is setting new records this summer, with multimillion-dollar sales, record price-per-square-foot highs, and nearly $1.2B in exclusive off-market inventory.
August 2025 Market Highlights at a Glance
- Record-breaking year: 2025 has already surpassed 2024’s top MLS sale, with a $13.95M closing on Lake Austin.
- Summer standouts: July’s highest MLS sale was $7.05M in Westlake; August followed with $6.4M in Bee Cave.
- Lake Austin leads: Current record PPSF is $2,380, with active and pending listings topping $19M and $8.99M.
- MLS market snapshot: Median sales price sits at $1.845M for single-family homes; attached homes at $1.13M.
- Private market strength: Nearly $1.2B in exclusive, off-market inventory with top listings at $25M.
As we wrap up summer here in Austin, one thing is certain: our luxury real estate market shows no signs of slowing down. From stunning Westlake estates to exclusive Lake Austin retreats, sales activity continues to hit new highs, both on the MLS and in the private market.
Records Being Set This Year
This summer has been a season of milestones. July brought us a $7,050,000 closing in Westlake, while August followed closely with a $6,400,000 sale in Bee Cave. But those aren’t the only numbers worth noting.
In 2024, Barton Creek held the crown with the highest MLS sale at $9,650,000. Fast forward to 2025, and we’ve already exceeded that record with a $13,950,000 sale on Lake Austin.
Price per square foot records are also being rewritten. Last year, the high mark was $2,173 PPSF—this year, we’ve already reached $2,380 PPSF on Lake Austin. For buyers and sellers alike, these benchmarks highlight the strength and resilience of Austin’s luxury market.
And when it comes to current opportunities, the MLS still has some remarkable listings:
- The highest priced active home is $19,000,000 on Lake Austin.
- The most expensive pending property is also on Lake Austin, under contract at $8,995,000.
A Closer Look at July’s Market
According to the Institute for Luxury Home Marketing, here is an overview of the July residential luxury real estate market including single family and attached homes.
- Single-family homes in Austin’s luxury market are balanced, with a 13% sales ratio and a median price of $1,845,000. Homes averaged 43 days on market and sold for 95.73% of list price. The sweet spot right now? The $2M–$2.25M range, where demand is strongest.
- Attached luxury homes lean more toward a buyer’s market, with a 7% sales ratio and a median price of $1,130,000. Interestingly, time on market has improved—down to 45 days compared to 62 last year—and properties are selling for about 95.15% of list price.
The Power of the Private Market
Of course, the MLS is only half the story in Austin luxury real estate. The private, off-market segment continues to be a driving force, with nearly $1.2 billion in inventory currently available.
Here are some insider details.
- Benchmark pricing starts around $1.5M.
- Pending volume sits at roughly $45.5M.
- The most exclusive active listing? A $25,000,000 property on Lake Austin.
- The top pending private sale is also on Lake Austin, under contract at $8,850,000.
These properties rarely make it online, which is why working with a connected broker who has access to Austin’s private networks is critical if you’re serious about buying or selling at this level.
What This Means for You
For sellers, the message is clear: now is an excellent time to capture record-setting exposure and results. For buyers, this is your chance to access one of the most competitive luxury markets in the country, if you have the right advisor by your side.
Let’s Talk Luxury Real Estate
As a Certified Luxury Home Marketing Specialist – Elite™, Million Dollar Guild member, and Austin Luxury Network partner, I’m deeply connected to both MLS and private market opportunities across Austin, Westlake, Bee Cave, Barton Creek, Lakeway, and the Texas Hill Country.
Whether you’re ready to sell your home or searching for your next Austin property, I’d love to guide you through every step with the insights, strategies, and connections that matter most.
Contact Megan today to explore what’s next in Austin luxury real estate.
