Eleven Oaks Realty is proud to present their January 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 January 2024 Austin Luxury Real Estate Price Report covers the luxury market in the following Austin metro area counties: Travis, Williamson and Hays.
3.3% Decrease in Median Sold Price of Austin Luxury Homes
The median sold price of an Austin luxury home in January 2024 was $1,354,491 compared to $1,400,250 in January 2023 showing a 3.3% decrease in year over year comparisons. Last month, in December 2023, the median price of a luxury home in Austin was $1,371,000 showing a 1.2% decrease in month over month comparisons.
3.1% Increase in Number of Austin Luxury Home Sales
There were 101 luxury homes that sold in January 2024 compared to 98 in January 2023 showing a 3.1% increase in year over year numbers. Last month, in December 2023, there were 135 luxury homes that sold showing a 25.2% decrease in month over month comparisons.
16% Increase in Time to Sell an Austin Luxury Home
In January 2024, it took, on average, 81 days to sell an Austin luxury home compared to 68 days in January 2023, showing a 16% increase in year over year numbers. Last month, in December 2023, it took on average, 91 days to sell a luxury home in Austin showing a 12.3% decrease in month over month comparisons.
Austin Luxury Home Sales January 2024
Here is some additional data on the 101 luxury homes that sold in Travis, Williamson and Hays Counties in January 2024. These 101 homes sold for $1 million or more.
- 1 luxury home that sold was a Foreclosures (Bank Owned)
- 3 luxury homes were Waterfront
- 49 luxury homes were in the Austin ISD
- 5 luxury homes were in the Dripping Springs ISD
- 2 luxury homes were in the Eanes ISD
- 2 luxury homes were in the Georgetown ISD
- 1 luxury home was in the Hays ISD
- 16 luxury homes were in the Lake Travis ISD
- 16 luxury homes were in the Leander ISD
- 4 luxury homes were in the Round Rock ISD
- 0 luxury homes were in the San Marcos ISD
- 1 luxury home was in the Wimberley ISD
- 8 luxury homes were in Gated Communities
- 55 luxury homes were in HOA’s
- 46 luxury homes had Pools
- 23 luxury homes were on Septic Systems
- 86 luxury homes that sold were located in Travis County
- 5 luxury homes that sold were located in Williamson County
- 10 luxury home that sold were located in Hays County
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in January 2024
January 2024 Austin Luxury Home Sales Map
All of the Austin luxury single family homes that sold in January 2024 were west of 35 (with the exception of 4), south of 138 and north of 150 (with the exception of 1). Here is a map of the 101 luxury homes that sold in Austin in January 2024.
January 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 January 2024 Austin area luxury home sales below. The most expensive luxury home that sold in January 2024 sold for $5,150,000 and the least expensive luxury home sold for $1,000,000. Austin luxury homes ranged in size from 1,480 sqft – 7,765 sqft with an average size of 3,684 sqft. The average price per square foot for a luxury home that sold in Austin in January 2024 was $457.31 with the lowest being $212.26/sqft and the highest being $1,111.83/sqft. It took, on average, 81 days to sell a luxury home in Austin and sellers received, on average, 89.09% of their original list prices.
| | Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 2 | 2 | 1,480 | $950,000 | $236.34 | $1,000,000 | $212.26 | 81% | 45% | 0 |
| Max | 6 | 7 | 7,765 | $5,600,000 | $1,208.98 | $5,150,000 | $1,111.83 | 112% | 107% | 509 |
| Avg | 4 | 4 | 3,684 | $1,715,466 | $484.32 | $1,618,113 | $457.31 | 94.66% | 89.09% | 81 |
| Med | 4 | 4 | 3,562 | $1,449,000 | $446.76 | $1,354,491 | $429.62 | 95% | 89% | 70 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | January 2024 |
| Property Type | Single Family Homes $1MM+ | Number Sold | 101 |
| Source: | ABoR Sales Data | Area | Travis, Hays, Williamson Counties |
Luxury Homes for Sale Around Austin
Here is a map of the 1,075 luxury homes for sale in the Austin area as of February 8, 2023. 804 are located in Travis County, 124 in Williamson County and 147 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 January 2024 Austin Luxury Real Estate Price Report?
Do you have questions about the January 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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