Austin’s residential real estate market experienced a downturn in 2025, with home prices falling across all segments since 2022, according to the Texas Real Estate Research Center. Despite this decline, the average asking price for the top 10 public home sales was higher than in 2024.
This increase is not due to luxury properties outperforming other market tiers. Instead, agents attribute it to more high-value homes moving from private sales into the Multiple Listing Service (MLS). Traditionally, Austin has had a strong off-market real estate scene, but shifting market conditions have prompted sellers—especially those of luxury properties—to list publicly for greater exposure.
The year’s highest-priced public sale was an estate at 13330 Shore Vista Drive on Lake Austin. The property sold after being listed for nearly $17 million. The five-bedroom home sits on over three acres and offers access by air, land or water, including helicopter landings. Kuper Sotheby’s International Realty agent Bridget Ramey handled the listing.
Other notable transactions included a $13 million sale at 3500 Bunny Run and a $9.6 million deal for a West Lake Hills residence at 907 Terrace Mountain Drive. The only condominium among the top ten was at 200 Congress Avenue, Unit 50T; it sold for an asking price of $8.3 million to Sir Mallory Factor and Lady Elizabeth Factor.
Most of these high-value homes changed hands between trusts or limited liability companies rather than individuals. Several were located near desirable amenities such as golf courses or waterfronts.
Luxury sellers are responding to Austin’s current buyer’s market by listing properties that would previously have been sold privately. This shift may lead to even larger public sales in future rankings if more multi-million-dollar homes enter the MLS.
All reported figures represent asking prices; final sales prices remain undisclosed.
