The Keenan Luxury Market Index reads $669 per square foot in Q2 2026, a composite index value of 107.1, up 0.4% year over year (MLS-sourced, trailing-12-month, base 2021-Q1=100). Across the price ladder: $2-3M at $602, $3-5M at $782 (the strongest at 5% growth), and $5-10M at $1,000. Luxury homes have a median 55 days on market at 91.3% of original list price.
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 and by neighborhood. It is proprietary Keenan Group data, not a syndicated feed, so it answers the questions sellers actually ask: what is a home like mine worth per square foot right now, and where is demand concentrating.
What this means for sellers
Price to your tier, not to the headline. The ladder above shows that $/sqft does not move in lockstep across the luxury market. A $2M to $3M home and a $5M to $10M home can trend in different directions in the same quarter, so the composite number is a starting point, not a pricing strategy. We price each listing to its band and its micro-market.
Read the leaderboard for demand, not just for bragging rights. The markets at the top of the $/sqft table are where buyers are paying up, and the year-over-year column shows where momentum is building or cooling. That tells a seller two things: what their own neighborhood is doing, and which comparable markets are setting the ceiling.
Velocity is the quiet signal. Days on market and sale-to-list percentage move before prices do. When luxury homes are still moving and selling close to list, well-prepared listings hold their number. When velocity slows, the homes that sell are the ones priced right from day one and presented without compromise. That is where 25 years of Austin luxury experience earns its keep.
Frequently asked questions
Is now a good time to sell a luxury home in Austin?
It depends on your tier and neighborhood, which is exactly what the readings above are for. Austin's luxury market rewards homes that are priced to their band and presented well, in any quarter. A current, neighborhood-specific analysis matters more than the citywide headline. Contact the Keenan Group at (512) 415-7653 for a luxury market analysis on your home.
What is the highest $/sqft neighborhood in Austin?
The leaderboard above ranks Austin's top luxury micro-markets by median $/sqft for the quarter. Waterfront Lake Austin and Westlake Hills consistently sit near the top, with Tarrytown, Barton Creek, and Pemberton Heights close behind. The order shifts quarter to quarter, which is why we track it rather than assume it.
How fast do $3M+ homes sell in Austin?
Velocity for $2M+ Austin homes is shown in the panel above, measured as market-wide median days on market. Speed varies with price tier and presentation. The Keenan Group's own median is 13 days, well ahead of the market, through strategic pricing, Compass marketing, and an active off-market network.
What is the Keenan Luxury Market Index?
It is the Keenan Group's measure of Austin's $2M to $10M closed single-family market, built from MLS sales and aggregated by price tier and neighborhood. The index is set to a base of 100 in the first quarter of 2021, so any reading tells you how far luxury $/sqft has moved since then. We report aggregate medians and counts only.
The Keenan Group track record
These figures describe the Keenan Group, not the broader market above. The 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.
FAQ
What are the Q2 2026 numbers by price band?
The $2-3M band is $602 per square foot, up 0.4% year over year. The $3-5M band is $782, up 5%, the strongest tier. The $5-10M band is $1,000, up 0.9%. The composite across all bands is $669, up 0.4%. The mid-luxury tier is clearly carrying the market's growth.
How fast does luxury sell in Austin per the Q2 2026 report?
Market-wide, luxury homes have a median 55 days on market at 91.3% of original list price. For context, the Keenan Group team's own median days on market is 13, a separate figure reflecting our pricing and marketing process. We never present our team number as the market pace.
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2308 Hartford Rd
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MLS# 4454035 • Courtesy of ACTRIS
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MLS# 5069346 • Courtesy of ACTRIS
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MLS# 7766184 • Courtesy of ACTRIS
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