Eleven Oaks Realty is proud to present their October 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 October 2023 Austin Luxury Real Estate Price Report covers the luxury market in the following Austin metro area counties: Travis, Williamson and Hays.
1.4% Decrease in Median Price of an Austin Luxury Home
The median price of an Austin luxury home in October 2023 was $1,669,550 compared to $1,693,756 in October 2022 showing a 1.4% decrease in year over year comparisons. Last month the median sales price of an Austin luxury home was $1,747,228, showing a 4.5% decrease in month over month comparisons.
1.7% Decrease in Austin Luxury Home Sales
In October 2023, there were 172 luxury homes that sold compared to 175 in October 2022 showing a 1.7% decrease in year over year numbers. Last month, there were 169 luxury homes that sold showing a 1.7% decrease in month over month comparisons.
71% Increase in Time to Sell an Austin Luxury Home
The average time to sell an Austin luxury home in October 2023 was 70 days compared to 41 days in October 2022, showing a 71% increase in year over year comparisons. Last month, it took 60 days, on average, to sell an Austin luxury home showing a 14% increase in month over month comparisons.
More Data on Austin Luxury Home Sales October 2023
Here is some additional data on the 172 luxury homes that sold in Travis, Williamson and Hays Counties in October 2023. These 172 homes sold for $1 million or more.
- 1 luxury home that sold was a Foreclosures (Bank Owned)
- 6 luxury homes were Waterfront
- 64 luxury homes were in the Austin ISD
- 11 luxury homes were in the Dripping Springs ISD
- 19 luxury homes were in the Eanes ISD
- 8 luxury homes were in the Georgetown ISD
- 0 luxury homes were in the Hays ISD
- 36 luxury homes were in the Lake Travis ISD
- 16 luxury homes were in the Leander ISD
- 9 luxury homes were in the Round Rock ISD
- 0 luxury homes were in the San Marcos ISD
- 0 luxury homes were in the Wimberley ISD
- 26 luxury homes were in Gated Communities
- 107 luxury homes were in HOA’s
- 70 luxury homes had Pools
- 38 luxury homes were on Septic Systems
- 139 luxury homes that sold were located in Travis County
- 20 luxury homes that sold were located in Williamson County
- 13 luxury home that sold were located in Hays County
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in October 2023
October 2023 Austin Luxury Home Sales Map
All of the Austin luxury single family homes that sold in October 2023 were west of 183 (with the exception of 1), south of 138 and north of 150. Here is a map of the 172 luxury homes that sold in Austin in October 2023.
October 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 October 2023 Austin area luxury home sales below. The most expensive luxury home that sold in October 2023 sold for $11,500,000 and the least expensive luxury home sold for $1,012,500. Austin luxury homes ranged in size from 1,212 sqft – 8,740 sqft with an average size of 3,660 sqft. The average price per square foot for a luxury home that sold in Austin in October 2023 was $467.29 with the lowest being 127.44/sqft and the highest being $1,319.47/sqft. It took, on average, 70 days to sell a luxury home in Austin and sellers received, on average, 90.94% of their original list prices.
| | Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 3 | 1 | 1,212 | $991,900 | $145.65 | $1,012,500 | $127.44 | 83% | 62% | 0 |
| Max | 8 | 8 | 8,740 | $12,950,000 | $1,481.69 | $11,500,000 | $1,319.47 | 116% | 116% | 461 |
| Avg | 4 | 4 | 3,660 | $1,748,444 | $487.40 | $1,669,550 | $467.29 | 96.14% | 90.94% | 70 |
| Med | 4 | 4 | 3,586 | $1,437,600 | $436.70 | $1,407,500 | $419.89 | 96.5% | 94% | 44 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | October 2023 |
| Property Type | Single Family Homes $1MM+ | Number Sold | 172 |
| Source: | ABoR Sales Data | Area | Travis, Hays, Williamson Counties |
Luxury Homes for Sale Around Austin
Here is a map of the 1,421 luxury homes for sale in the Austin area as of November 10, 2023. 1,052 are located in Travis County, 163 in Williamson County and 206 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 October 2023 Austin Luxury Real Estate Price Report?
Do you have questions about the October 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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