Eleven Oaks Realty is proud to present their March 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 March 2024 Austin Luxury Real Estate Price Report covers the luxury market in the following Austin metro area counties: Travis, Williamson and Hays.
No Change in the Median Sold Price of Austin Luxury Homes
In March 2024, the median sold price of an Austin luxury home was $1,400,000 compared to $1,400,000 in March 2023, showing no change in year over year numbers. Last month the median sold price of an Austin luxury home was $1,450,000 showing a 3.6% increase in month over month comparisons.
14% Increase in Number of Austin Luxury Home Sales
In March 2024, there were 209 luxury homes that sold in Austin compared to 183 luxury homes in March 2023 showing a 14% increase in year over year comparisons. Last month there were 123 luxury homes that sold showing a 41% increase in month over month comparisons.
33% Increase in Time to Sell an Austin Luxury Home
In March 2024 it took, on average, 81 days to sell an Austin luxury home compared to an average of 61 days in March 2023 showing a 33% increase in year over year comparisons. Last month it took 94 days, on average, to sell a luxury home in Austin, showing a 13.8% decrease in month over month comparisons.
Austin Luxury Home Sales March 2024
Here is some additional data on the 209 luxury homes that sold in Travis, Williamson and Hays Counties in March 2024. These 209 homes sold for $1 million or more.
- 1 luxury home that sold was a Foreclosure (Bank Owned)
- 6 luxury homes were Waterfront
- 88 luxury homes were in the Austin ISD
- 14 luxury homes were in the Dripping Springs ISD
- 24 luxury homes were in the Eanes ISD
- 10 luxury homes were in the Georgetown ISD
- 0 luxury homes were in the Hays ISD
- 24 luxury homes were in the Lake Travis ISD
- 26 luxury homes were in the Leander ISD
- 5 luxury homes were in the Round Rock ISD
- 2 luxury homes were in the San Marcos ISD
- 4 luxury homes were in the Wimberley ISD
- 23 luxury homes were in Gated Communities
- 111 luxury homes were in HOA’s
- 96 luxury homes had Pools
- 53 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
- 22 luxury home that sold were located in Hays County
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in March 2024
March 2024 Austin Luxury Home Sales Map
All of the Austin luxury single family homes that sold in March 2024 were west of 35 (with the exception of 9), south of Ronald Reagan (with the exception of 1) and north of 150 (with the exception of 7). Here is a map of the 209 luxury homes that sold in Austin in March 2024.
March 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 March 2024 Austin area luxury home sales below. The most expensive luxury home that sold in March 2024 sold for $7,290,000 and the least expensive luxury home sold for $1,000,000. Austin luxury homes ranged in size from 1,346 sqft – 8,215 sqft with an average size of 3,630 sqft. The average price per square foot for a luxury home that sold in Austin in March 2024 was $483.36 with the lowest being $193.65/sqft and the highest being $1,567.38/sqft. It took, on average, 82 days to sell a luxury home in Austin and sellers received, on average, 91.87% of their original list prices.
| | Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 2 | 1 | 1,346 | $989,000 | $198.12 | $1,000,000 | $193.65 | 61% | 59% | 0 |
| Max | 7 | 9 | 8,215 | $7,450,000 | $1,654.41 | $7,290,000 | $1,567.38 | 118% | 113% | 556 |
| Avg | 4 | 4 | 3,630 | $1,788,645 | $505.69 | $1,713,028 | $483.36 | 96.1% | 91.87% | 82 |
| Med | 4 | 4 | 3,510 | $1,450,000 | $487.23 | $1,400,000 | $466.55 | 97% | 93% | 43 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | March 2024 |
| Property Type | Single Family Homes $1MM+ | Number Sold | 209 |
| Source: | ABoR Sales Data | Area | Travis, Hays, Williamson Counties |
Luxury Homes for Sale Around Austin
Here is a map of the 1,558 luxury homes for sale in the Austin area as of April 10, 2024. 1,211 are located in Travis County, 159 in Williamson County and 188 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 March 2024 Austin Luxury Real Estate Price Report?
Do you have questions about the March 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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