Austin’s housing market has been on a rollercoaster ride over the past five years. From 2020-2023, remote workers flocked to the region for its affordability, sunny weather, and business-friendly atmosphere. To accommodate the surge in population and subsequent rise in prices, the city ramped up homebuilding, which is now pushing prices back down.
Large market swings aren’t new for the city; Austin has been through booms and busts for decades. But today, as a dwindling number of buyers move to Texas, the market is left in a precarious position: Prices are falling, people are leaving, and homebuilders are struggling to offload inventory.
That said, there are still plenty of luxury buyers in the tech-savvy city. From large Texas estates to high-end new builds, people are in the market for extravagance. Here were the most expensive home sales in Austin in May, according to data from Redfin.
The most expensive home sales in Austin: May 2025
- Sale price: $12,995,000
- List price: $12,995,000
This 8,593-square-foot estate sits on 1.64 acres in Davenport Ranch. It features 5 bedrooms, 6.5 bathrooms, a central courtyard, and custom finishes throughout.
- Sale price: $8,995,000
- List price: $9,250,000
Set within the gated Spanish Oaks community, this newly remodeled estate spans a grand 10,138 square feet and captures sweeping Hill Country views. It features 6 bedrooms, 7 bathrooms, and luxury amenities like an elevator, gym, and infinity pool.
- Sale price: $8,250,000
- List price: $11,900,000
In the iconic Austonian, this 50th-floor penthouse spans 5,050 square feet and includes 3 bedrooms and 4.5 bathrooms. It houses three living areas, three terraces, French oak and travertine finishes, and sweeping views of the Capitol. It sold for $3.7 million below asking price – an example of how far demand has fallen in Austin.
- Sale price: $6,750,000
- List price: $6,750,000
This 4,208-square-foot home in the Four Seasons Residences features 3 bedrooms, 3.5 bathrooms, two balconies, and views of Lady Bird Lake.
- Sale price: $5,600,000
- List price: $5,985,000
This striking Zilker compound, completed in 2024, features a restored 1930s cottage plus a new-build main home, a pool house, and heated pool with spa. It spans 4,452 square feet with 5 bedrooms and 6.5 bathrooms,
- Sale price: $5,295,000
- List price: $5,495,000
Built in 2021, this 5,825-square-foot home in Barton Creek features 5 bedrooms, 5.5 bathrooms, and a separate steel-framed guest house. Floor-to-ceiling windows open to Hill Country views.
- Sale price: $4,395,000
- List price: $4,395,000
This 6,033-square-foot estate in Spanish Oaks includes 6 bedrooms, 6.5 bathrooms, a guest casita, and a 2020 addition. Highlights include a sports court, pool and spa, gym, and elevator.
- Sale price: $4,000,000
- List price: $4,275,000
This single-story estate in Davenport Ranch sits on nearly 3 acres and spans 7,417 square feet with 4 bedrooms and 6 bathrooms. It features vaulted wood ceilings, multiple fireplaces, and a large backyard.
- Sale price: $3,650,000
- List price: $3,650,000
This 4,534-square-foot custom home in Allandale offers 5 bedrooms and 5.5 bathrooms on a single level. There are luxury amenities including vaulted ceilings, a pool, and a fire pit.
- Sale price: $3,800,000
- List price: $3,750,000
Set in the luxury Spanish Oaks neighborhood, this home has 6 bedrooms, 5.5 bathrooms, and multiple entertainment rooms. An open floor plan connects the inside to the out, making the pool and large backyard easy to access.
