Austin-area luxury · Houses $1 million and up
Austin-area houses that sold for $1 million or more had a median price of $1,365,000 over the last 12 months, across 2,700 sales. 1,487 are for sale today, and the median home took 41 days to go under contract.
Every active single-family listing at $1 million and up across the Austin area, updated from the MLS.
For Sale
21301 Dill Cir Spicewood, TX 78669
$1,686,820
For Sale
19586 Sandcastle Dr Spicewood, TX 78669
$3,995,000
For Sale
400 E BLANCO BEND Rd Wimberley, TX 78676
$2,247,000
For Sale
7394 Creek Rd Dripping Springs, TX 78620
$2,849,999
For Sale
2934-2938 Westlake Cv Austin, TX 78746
$3,750,000
For Sale
761 Allison Ln San Marcos, TX 78666
$4,250,000
For Sale
250 Caliche Rd Wimberley, TX 78676
$1,150,000
For Sale
640 Ghost Dancer Fischer, TX 78623
$1,275,000
For Sale
24906 Fawn Dr Leander, TX 78641
$1,194,000
For Sale
1402 Church St Bastrop, TX 78602
$1,399,000
For Sale
123 El Camino River Rd Bastrop, TX 78602
$1,149,900
For Sale
13409 Madrone Mountain Way Austin, TX 78737
$1,359,990
The top of the Austin market got busier and faster this year while prices held flat. Over the last 12 months, 2,700 houses sold for $1 million or more across the Austin area, up 7% from 2,516 the year before. The median sale was $1,365,000 in both years.
Homes are moving faster. The median luxury house went under contract in 41 days, down from 54. Sellers got closer to their first number, 93.9% of the original list price at the median against 92.7%, and the share of sold homes that cut their price fell from 46% to 41%.
With 1,487 houses listed at $1 million or more and about 225 sales a month, the luxury market holds about 6.6 months of supply, the edge of a buyer's market. About 1 in 10 single-family house sales in the Austin area last year closed at $1 million or more.
The higher the price, the slower the sale. Of last year's 2,700 luxury sales, 2,106 closed between $1 million and $2 million and went under contract in a median 35 days. The 372 sales between $2 million and $3 million took a median 61 days, the 173 between $3 million and $5 million took 92 days, and the 49 sales at $5 million or more took 101 days.
The median luxury house that sold had 3,589 square feet on 0.37 acres and was built in 2007. Of the 2,700, 1,250 were built in 2010 or later and 211 before 1960. The median luxury house for sale today is listed at $1,574,000.
Austin itself had 1,822 of the 2,700 luxury sales, at a median of $1,450,000. By ZIP code, the busiest were 78738 around Lakeway and Bee Cave with 262 sales at a median of $1,399,000, 78746 around Westlake with 247 at $2,200,000, 78704 in South Austin with 205 at $1,575,000, 78731 in northwest Austin with 179 at $1,495,000, and 78703 west of downtown with 134 at $1,806,250.
Outside Austin, Georgetown had 126 luxury sales at a median of $1,208,380, Leander 108 at $1,188,914, Dripping Springs 103 at $1,240,000, and Spicewood 66 at $1,336,352.
The median Austin-area luxury house took 41 days from listing to contract over the last 12 months, counted on cumulative days on market so a relisted home is not reset to zero. That is faster than the 54-day median for all single-family houses in the same market, because most luxury sales sit in the $1 million to $2 million band, where demand is deepest. Above $3 million, expect three months or more.
These figures are closed sales of single-family houses at $1,000,000 or more in the ACTRIS MLS, across the Austin-area market this site's search covers: ACTRIS MLS listings inside a box reaching roughly 30 to 35 miles from downtown Austin, from Georgetown, Liberty Hill and Taylor in the north to San Marcos and Lockhart in the south, and from Spicewood and Wimberley in the west to Bastrop and Elgin in the east. Active counts are houses listed at $1,000,000 or more. Condos, townhomes, land and leases are excluded. The current period is the 12 months ending September 27, 2026, compared with the 12 months before it. Days on market are cumulative. We publish totals and medians only, never an individual home's sale price.
Closed sales of single-family houses at $1 million or more, Austin-area ACTRIS MLS.
| Measure | Last 12 months | Prior 12 months | Change |
|---|---|---|---|
| Homes sold | 2,700 | 2,516 | +7% |
| Median sale price | $1,365,000 | $1,365,000 | 0.0% |
| Median days on market | 41 | 54 | 13 days faster |
| Sale price vs. original list | 93.9% | 92.7% | +1.2 pts |
| Share that cut price | 41% | 46% | -5 pts |
<p>Austin-area houses that sold for $1 million or more had a median price of $1,365,000 over the 12 months ending September 2026, across 2,700 sales in the ACTRIS MLS, the same median as the year before. The median luxury house for sale today is listed at $1,574,000. Most sales sit near the bottom of the range: 2,106 of the 2,700 closed between $1 million and $2 million.</p>
<p>Mostly a better location and more land rather than a much bigger house. The median luxury house that sold had 3,589 square feet on 0.37 acres, and the highest-priced of the busiest ZIP codes were 78746 around Westlake, with a median of $2,200,000, and 78703 west of downtown, at $1,806,250. Out in Georgetown, Leander and Dripping Springs, luxury houses sold for medians between $1,188,914 and $1,240,000.</p>
<p>It is close to a buyer's market. With 1,487 houses listed at $1 million or more and about 225 sales a month, supply sits near 6.6 months. Prices held flat at the median, and 41% of luxury homes that sold had cut their price. The typical home closed at 93.9% of its original list price. Homes priced in line with recent sales in the $1 million to $2 million band still sell in about five weeks.</p>
<p>At the luxury level, yes. Among houses that sold for $1 million or more over the last 12 months, ZIP code 78746 around Westlake had a median of $2,200,000 across 247 sales, 78703 west of downtown, which includes Tarrytown, had $1,806,250 across 134 sales, and 78704 in South Austin had $1,575,000 across 205 sales. Each ZIP mixes very different homes, so compare the specific houses you are weighing.</p>
<p>Start with financing: most $1 million-plus purchases need a jumbo loan or a large cash component, and jumbo approvals take longer, so get fully underwritten before you shop. Then set up a saved search with your price range and areas so new listings reach you the day they list, since homes between $1 million and $2 million went under contract in a median 35 days last year. Budget time for detailed inspections of roofs, pools and foundations.</p>
<p>Pricing from the list prices of homes that have not sold. Over the last 12 months, 41% of Austin-area luxury houses that sold had cut their price, and the typical one closed at 93.9% of its original list price. Above $3 million, the median home took 92 days or more to go under contract, so a high launch can cost a season. Price from closed sales of similar homes in the same area.</p>
<p>Of the 2,700 Austin-area luxury house sales last year, 1,822 had an Austin mailing address, which includes Lakeway and Bee Cave in ZIP 78738. Outside Austin, Georgetown had 126 luxury sales at a median of $1,208,380, Leander 108 at $1,188,914, Dripping Springs 103 at $1,240,000, and Spicewood 66 at $1,336,352. Together those four towns accounted for 403 of the 2,700 sales. When you compare a suburban luxury home with one in central Austin, match lot size, age and finish as well as price, because the medians describe very different houses.</p>
<p>The median Austin-area luxury house took 41 days to go under contract over the last 12 months, down from 54 days the year before. Time rises with price: 35 days between $1 million and $2 million, 61 days between $2 million and $3 million, 92 days between $3 million and $5 million, and 101 days above $5 million. Add roughly 30 to 45 days from contract to closing.</p>
<p>No. This page covers single-family houses at $1 million and up, so the figures describe the same homes shown in the live listings above. Austin-area condos sell at this level too: 149 condos closed at $1 million or more last year. For those, see our condos page and our pages on individual downtown buildings, or ask us for a saved search for condos at $1 million and up.</p>
<p>Ask us for a home value and we will price it against the sales that actually match it: same area, similar size, lot, age and finish, from the last 12 months of ACTRIS MLS closings. For context, Austin-area luxury houses sold for a median of $1,365,000 across 2,700 sales, and the typical home closed at 93.9% of its original list price. Online estimates are least reliable at the top of the market, where few homes are alike.</p>
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All information provided herein has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Vince Realty makes no representation, warranty or guaranty as to accuracy of any information contained herein. You should consult your advisors for an independent verification of any properties.
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