Eleven Oaks Realty is proud to present their April 2023 Austin Luxury Real Estate Price Report measuring market activity in the Austin area single family home market priced at $1 million or over. Our April 2023 Austin Luxury Real Estate Price Report covers the luxury market in the following Austin metro area counties: Travis, Williamson and Hays.
This month we are a little lean on the Austin luxury real estate price data we can provide. Our service provider is no longer compiling this data, so we’re looking for an alternative source. Thanks for your patience.
Austin Luxury Median Price Up 3%
The median price of an Austin luxury home in April 2023 was $1,400,000. Last month, the median price was $1,395,000, showing an 0.35% increase in month over month numbers. Last year, in April 2022, the median price of a luxury home was $1,353,800, showing a 3.41% increase in year over year numbers.
Austin Luxury Home Sales Down 48%
In April 2023, there were 199 luxury homes that sold in the Austin area. Last month, we had 179 homes sell, showing an 11% increase in month over month numbers. In April 2022, there were 386 Austin area luxury homes that sold, showing a 48% decrease in year over year numbers.
Time to Sell an Austin Luxury Home Up 175%
In April 2023, it took, on average, 44 days to sell a luxury home in the Austin area. The median time to sell was 19 days. In March 2023, it took, on average, 58 days to sell a luxury home in the Austin area with a median time to sell of 31 days. This marked a 24% decrease in time to sell in month over month numbers. In April 2022, it took, on average, 16 days to sell a luxury home in Austin with a median time to sell of 5 days. This marked a 175% increase in time to sell in year over year numbers,
April 2023 Austin Luxury Home Sales Map
All of the Austin luxury single family homes that sold in April 2023 were west of 130, south of 138, and north of 150 (with the exception of 4). Here is a map of the 199 Austin luxury homes that sold in April 2023.
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in April 2023
More Data on Austin Luxury Home Sales April 2023
Here is some additional data on the 199 luxury homes that sold in Travis, Williamson and Hays Counties in April 2023. These 199 homes sold for $1 million or more.
- 0 luxury homes that sold were Foreclosures (Bank Owned)
- 5 luxury homes were Waterfront
- 94 luxury homes were in the Austin ISD
- 6 luxury homes were in the Dripping Springs ISD
- 24 luxury homes were in the Eanes ISD
- 4 luxury homes were in the Georgetown ISD
- 1 luxury home was in the Hays ISD
- 21 luxury homes were in the Lake Travis ISD
- 21 luxury homes were in the Leander ISD
- 8 luxury homes were in the Round Rock ISD
- 1 luxury home was in the San Marcos ISD
- 3 luxury homes were in the Wimberley ISD
- 24 luxury homes were in Gated Communities
- 107 luxury homes were in HOA’s
- 79 luxury homes had Pools
- 45 luxury homes were on Septic Systems
- 163 luxury homes that sold were located in Travis County
- 24 luxury homes that sold were located in Williamson County
- 12 luxury home that sold were located in Hays County
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in April 2023
April 2023 Luxury Real Estate Price Report – Strictly Numbers
For those of you who prefer to see the actual numbers, we’ve listed the figures for April 2023 Austin area luxury home sales below. The most expensive luxury home that sold in April 2023 sold for $6,900,000 and the least expensive luxury home sold for $1,000,000. Austin luxury homes ranged in size from 1,226 sqft – 10,387 sqft with an average size of 3,454 sqft. The average price per square foot for a luxury home that sold in Austin in April 2023 was $502.92 with the lowest being $215.98/sqft and the highest being $1,271.19/sqft. It took, on average, 44 days to sell a luxury home in Austin and sellers received, on average, 93.86% of their original list prices.
| | Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 2 | 1 | 1,226 | $926,546 | $231.41 | $1,000,000 | $215.98 | 68% | 66% | 0 |
| Max | 6 | 9 | 10,387 | $7,500,000 | $1,381.72 | $6,900,000 | $1,271.19 | 126% | 126% | 365 |
| Avg | 4 | 4 | 3,454 | $1,749,351 | $524.35 | $1,673,562 | $502.92 | 96.42% | 93.86% | 59 |
| Med | 4 | 4 | 3,430 | $1,460,000 | $474.35 | $1,400,000 | $452.20 | 96% | 95% | 29 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | April 2023 |
| Property Type | Single Family Homes $1MM+ | Number Sold | 199 |
| Source: | ABoR Sales Data | Area | Travis, Hays, Williamson Counties |
Luxury Homes for Sale Around Austin
Here is a map view of the 1,490 luxury homes currently for sale in the Austin area as of May 22, 2023. 1,101 are located in Travis County, 204 in Hays County and 185 in Williamson County.
Considering Buying or Selling a Luxury Home in Austin?
Our team of Austin luxury real estate market specialists know the market well and can help you get the best deal possible. For more info about our team and how we work, check out our Austin Home Buyers and our Austin Home Sellers sections. Then, call us at (512) 872-8323 or email us at info@11OaksRealty.com to schedule a consultation.
Questions About the April 2023 Austin Luxury Real Estate Price Report?
Do you have questions about the April 2023 Austin Luxury Real Estate Price Report? Call us at (512) 827-8323 or email us at info@11OaksRealty.com and we’ll help you in any way we can.
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