What do homes sell for on Lake Austin? May 2019

Waterfront homes sold on Lake Austin over the last 365 days are down 15% compared to the prior year with 22 homes sold compared to 26. The median sold price is $2.685M, which is a 7% decline over the previous year. The median sold price per square foot was $600.45 per square foot, which is a 7% increase. Homes spent an average of 177 days on the market compared to 128 days the previous year, which is a 38% increase in average days on market. Its important to point out that a number of homes sell on Lake Austin without hitting the MLS, which is the source of this information. While the median sold price does indicate high value properties, it does not reflect the fact that homes do sell in the $1200-$1500+ per square foot range for the most desirable properties on the Lake. As a result, when searching for Lake Austin property, it is helpful to work with a REALTORĀ® connected into the community of private listings and sales.