Austin
The newest and most volatile of the major Texas markets, running from the central neighborhoods out to the hill country and the lakes.
Connect with a Realtor in This MarketMedian Sale Price
Homes Sold (Jul 2026)
Price Change YoY
Median Days on Market
The Newest of the Big Three.
Water frontage on the lakes, elevation and view corridors in the hill country, and proximity to the center. Land west of the city carries a new premium.
Market Type
Setting
Key Areas
Peak Season
Source: Redfin, July 2026. All home types — broader-market figures, not Platinum Group transaction data.
Luxury Real Estate in Austin
Austin's luxury market is the newest and most volatile of the major Texas markets, running from the central neighborhoods out to the hill country west of the city and the lakes beyond.
What Sets Value Here
Water frontage on Lake Austin and Lake Travis, elevation and view corridors in the hill country, and proximity to the center. Land west of the city carries a premium that did not exist a decade ago.
What Sellers Should Know
This market moved fast in both directions over recent years and buyers are cautious about pricing. Comparables from the peak are not comparables now, and pricing against them is the most common error.
What Buyers Should Know
Hill country property brings water supply, septic capacity and wildfire exposure into play. Establish all three before assuming a plan is viable.
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