Eleven Oaks Realty is proud to present their August 2024 Austin Luxury Real Estate Price Report measuring market activity in the Austin area single family home market priced at $1 million or over. Our August 2024 Austin Luxury Real Estate Price Report covers the luxury market in the following Austin metro area counties: Travis, Williamson and Hays.
8.8% Increase in Median Sold Price
In August 2024, the median sold price of a luxury home in Austin was $1,425,000 compared to $1,310,000 in August 2023, showing an 8.8% increase in year over year comparisons. Last month the median sold price of a luxury single family home in Austin was $1,400,000, showing a 1.8% increase in month over month comparisons.
5.6% Decrease in Number of Austin Luxury Home Sales
In August 2024, there were 219 luxury single family homes that closed escrow compared to 232 in August 2023, showing a 5.6% decrease in year over year comparisons. Last month there were 229 luxury homes that sold, showing a 1.3% increase in month over month comparisons.
44% Increase in Time to Sell a Luxury Home
In August 2024, the median time to sell a luxury single family home in Austin was 56 days compared to 39 days in August 2023, showing a 44% increase in year over year comparisons. Last month, the median time to sell a luxury single family home in Austin was 68 days, showing a 17.6% decrease in month over month comparisons.
Austin Luxury Home Sales August 2024
Here is some additional data on the 219 luxury homes that sold in Travis, Williamson and Hays Counties in August 2024. These 219 homes sold for $1 million or more.
- 0 luxury homes that sold were Foreclosures (Bank Owned)
- 10 luxury homes were Waterfront
- 85 luxury homes were in the Austin ISD
- 14 luxury homes were in the Dripping Springs ISD
- 25 luxury homes were in the Eanes ISD
- 9 luxury homes were in the Georgetown ISD
- 2 luxury homes were in the Hays ISD
- 36 luxury homes were in the Lake Travis ISD
- 23 luxury homes were in the Leander ISD
- 11 luxury homes were in the Round Rock ISD
- 0 luxury homes were in the San Marcos ISD
- 3 luxury homes were in the Wimberley ISD
- 34 luxury homes were in Gated Communities
- 123 luxury homes were in HOA’s
- 119 luxury homes had Pools
- 70 luxury homes were on Septic Systems
- 169 luxury homes that sold were located in Travis County
- 30 luxury homes that sold were located in Williamson County
- 20 luxury home that sold were located in Hays County
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in August 2024
August 2024 Austin Luxury Home Sales Map
All of the Austin luxury single family homes that sold in August 2024 were west of 130, south of 138 (with the exception of 1) and north of 150 (with the exception of 2). Here is a map of the 219 luxury homes that sold in Austin in August 2024. Two in Wimberley and one in Jarrell are not pictured on the map below.
August 2024 Luxury Real Estate Price Report – Strictly Numbers
For those of you who prefer to see the actual numbers, we’ve listed the figures for August 2024 Austin area luxury home sales below. The most expensive luxury home that sold in August 2024 sold for $6,850,000 and the least expensive luxury home sold for $1,000,000. Austin luxury homes ranged in size from 1,522 sqft – 9,261 sqft with an average size of 3,709 sqft. The average price per square foot for a luxury home that sold in Austin in August 2024 was $468.29 with the lowest being $216.41/sqft and the highest being $1,058.79/sqft. It took, on average, 80 days to sell a luxury home in Austin and sellers received, on average, 89.5% of their original list prices.
| | Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 2 | 2 | 1,522 | $985,000 | $216.41 | $1,000,000 | $216.41 | 78% | 63% | 0 |
| Max | 12 | 8 | 9,261 | $6,999,999 | $1,198.63 | $6,850,000 | $1,058.79 | 111% | 113% | 491 |
| Avg | 4 | 4 | 3,709 | $1,781,207 | $495.82 | $1,681,581 | $468.29 | 94.88% | 89.5% | 80 |
| Med | 4 | 4 | 3,645 | $1,499,000 | $468.63 | $1,425,000 | $436.92 | 95% | 91% | 56 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | August 2024 |
| Property Type | Single Family Homes $1MM+ | Number Sold | 219 |
| Source: | ABoR Sales Data | Area | Travis, Hays, Williamson Counties |
Luxury Homes for Sale Around Austin
Here is a map of the 1,551 luxury homes for sale in the Austin area as of September 12, 2024. 1,211 are located in Travis County, 161 in Williamson County and 179 in Hays County. Here is a map.
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 August 2024 Austin Luxury Real Estate Price Report?
Do you have questions about the August 2024 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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