Market Intelligence
Austin Luxury Market Report
Real-time data on Austin's $1M+ residential market. Updated monthly by Prestige Realty's research team.
Last updated: December 2024
Avg Sale Price
$1,645,000
+3.2% MoM
Avg Days on Market
11
days
Price Per Sq Ft
$412
+8.7% YoY
Active Listings
847
2.4 mo absorption
6-Month Trend
Average Price Movement
By Neighbourhood
Neighbourhood Breakdown
Hyde Park
+2.1% MoMAvg Price
$1.1M
Avg DOM
14 days
Active
23
Westlake
+4.3% MoMAvg Price
$2.4M
Avg DOM
8 days
Active
31
Tarrytown
+3.8% MoMAvg Price
$1.8M
Avg DOM
6 days
Active
18
Closed Transactions
Recent Sales
| Address | Neighbourhood | List Price | Sale Price | Sq Ft | DOM | Closed |
|---|---|---|---|---|---|---|
| 2901 Scenic Drive | Westlake | $2,250,000 | $2,200,000 | 4,400 | 12 | Oct 2024 |
| 1108 Exposition Blvd | Tarrytown | $1,750,000 | $1,750,000 | 3,200 | 6 | Oct 2024 |
| 3401 Avenue F | Hyde Park | $1,195,000 | $1,150,000 | 2,600 | 18 | Oct 2024 |
| 812 Bonnie Road | Tarrytown | $1,950,000 | $1,950,000 | 3,800 | 9 | Sep 2024 |
| 7502 Lakewood Drive | Westlake | $3,100,000 | $2,900,000 | 5,600 | 3 | Nov 2024 |
| 4208 Avenue F | Hyde Park | $925,000 | $890,000 | 2,100 | 22 | Oct 2024 |
Sale-to-list ratios based on closed MLS data. Source: Austin Board of Realtors © 2024. For informational purposes only.
Analyst Perspective
What the Data Means for You
📈
For Buyers
- —Inventory is tightening — act on properties within 72 hours
- —Westlake homes sell in 8 days avg; have financing ready
- —Off-market opportunities exist — ask about our pocket listings
🏡
For Sellers
- —Properly staged homes sell 11% above asking on average
- —January–March is peak buyer season in Austin luxury
- —Pre-listing inspections reduce fall-through risk significantly
💡
Market Outlook
- —Austin luxury up 8.7% YoY — outpacing national averages
- —Tech sector growth continues to drive $2M+ demand
- —New development supply remains constrained in core neighbourhoods
Free Report
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