Austin Luxury Market Report Q2 2026

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Austin's luxury market ($2M-$10M) for Q2 2026 by the numbers - composite median $/sqft, the Keenan Luxury Market Index, price-tier appreciation, and what each reading means for sellers. Built on Keenan Group's proprietary sold data.

How did Austin's luxury market perform in Q2 2026?

In Q2 2026, Austin's luxury market ($2M-$10M closed single-family) read a $654 per square foot composite, with the Keenan Luxury Market Index at 104.7 (base 2021-Q1 = 100). The composite eased 1.9% year over year, but that move was driven by mix, not a broad decline: the $3M-plus tiers appreciated, from 3.7% in the $3M-$5M band to 4.8% in the $5M-$10M band, while the $2M-$3M band held about flat at 0.3%.

Composite $/sqft, $2M-$10M closed single-family: $654/sqft (KLMI 104.7, base 2021-Q1 = 100)
$2M-$3M tier: $601/sqft, +0.3% year over year
$3M-$5M tier: $773/sqft, +3.7% year over year
$5M-$10M tier: $1,039/sqft, +4.8% year over year
Composite year over year: -1.9% - a mix effect, not a broad decline

Source: Keenan Group at Compass Real Estate, Austin TX - #1 Austin Board of Realtors Team (2024)

The headline reading

Composite median $/sqft and the Keenan Luxury Market Index for Q2 2026, base 2021-Q1 = 100.

Composite $/sqft

$654/sqft

$2M-$10M closed single-family

KLMI index

104.7

Base 2021-Q1 = 100

Composite YoY

-1.9%

Mix-driven, not a broad decline

The luxury ladder

Median $/sqft by price tier, Q2 2026. Year-over-year change shown per tier.

$2M-$3M

$601/sqft

+0.3% YoY

$3M-$5M

$773/sqft

+3.7% YoY

$5M-$10M

$1,039/sqft

+4.8% YoY

Median $/sqft across the luxury ladder

Price-tier medians for Q2 2026, $2M-$10M closed single-family.

$601/sqft

$2M-$3M+0.3% YoY

$773/sqft

$3M-$5M+3.7% YoY

$1,039/sqft

$5M-$10M+4.8% YoY

Median $/sqft by luxury price tier, Q2 2026
Price tier	Median $/sqft	Year-over-year change
$2M-$3M	$601/sqft	+0.3%
$3M-$5M	$773/sqft	+3.7%
$5M-$10M	$1,039/sqft	+4.8%

What this means for sellers

Read the composite as a starting point, not a pricing strategy. The $654 per square foot headline eased 1.9% from a year earlier, but the tiers underneath tell the real story: this was a shift in what sold, not a market-wide markdown. When more of the quarter's closings land in the entry-luxury band, the blended composite drifts down even as the individual tiers hold or climb.

The $3M-plus market appreciated in Q2 2026. The $3M-$5M band rose 3.7% and the $5M-$10M band rose 4.8% year over year, while the $2M-$3M band held about flat at 0.3%. Price to your tier and your micro-market, not to the citywide composite - a home in the $5M-$10M band and one in the $2M-$3M band can trend in different directions in the same quarter.

These are aggregate medians for $2M-$10M closed single-family sales across Travis, Williamson, and Hays counties, from the Keenan Luxury Market Index - our own measure, not a syndicated feed. It answers the question sellers actually ask: what is a home like mine worth per square foot, and where is demand concentrating.

Frequently asked questions

Did Austin luxury home prices fall in Q2 2026?

No. The composite eased 1.9% year over year to $654 per square foot, but that was a mix effect, not a broad decline. The $3M-plus tiers appreciated in Q2 2026 - the $3M-$5M band rose 3.7% to $773/sqft and the $5M-$10M band rose 4.8% to $1,039/sqft - while the $2M-$3M band held about flat at $601/sqft (+0.3%).

What was the Keenan Luxury Market Index in Q2 2026?

The Keenan Luxury Market Index read 104.7 in Q2 2026 (base 2021-Q1 = 100), with a composite median of $654 per square foot across $2M-$10M closed single-family sales in Travis, Williamson, and Hays counties. It reports aggregate medians and counts only.

Which Austin luxury price tier appreciated most in Q2 2026?

The $5M-$10M tier, at $1,039 per square foot and up 4.8% year over year. The $3M-$5M tier followed at $773/sqft (+3.7%). The entry-luxury $2M-$3M tier was about flat at $601/sqft (+0.3%).

Period: Q2 2026 (data window beginning 2026-04-01). Data as of July 12, 2026. Edition 2026-07-12-q2-v1. Composite down 1.9% year over year.

Source: Keenan Luxury Market Index (klmi_mls_v2_monthly_band_dataset) - polygon-based aggregation of ACTRIS/MLS closed single-family sales across Travis, Williamson, and Hays counties. Aggregate medians and counts only. This is a pinned Q2 2026 edition; the readings above do not change.

View the current Austin market report for the latest live Keenan Luxury Market Index.

Full methodology - what the index measures, what it deliberately excludes, and how to cite it - is documented on the Keenan Luxury Market Index methodology page.

Joe & Cara Keenan, Keenan Group at CompassJune 14, 2026Updated July 12, 20261 min readmarket-reports

The readings above come from the Keenan Luxury Market Index, our own measure of Austin's upper-tier market. We build it from closed single-family sales between $2M and $10M across Travis, Williamson, and Hays counties, aggregated by price tier. It is proprietary Keenan Group data, not a syndicated feed, so it answers the question sellers actually ask: what is a home like mine worth per square foot right now, and where is demand concentrating.

This is a pinned Q2 2026 edition. The figures in the panels above are locked to the quarter and will not change as later data arrives. For the current market, see the live Keenan Luxury Market Index on our Market Report.

Keenan Group track record

These figures describe the Keenan Group, not the broader market above. Keenan Group is the #1 Austin Board of Realtors team for 2024, with more than $1B in career sales, over 1,000 homes sold across 25 years, and a 13-day median days on market that includes off-market sales. To put these numbers to work on your home, contact Joe and Cara Keenan at (512) 415-7653.

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