See what $1M buys you in the Austin Housing Market

A $1M budget in Austin, Texas affords you the opportunity to buy any house you can think of. Want a 4,000 square foot house on acres of land in Liberty Hill? No problem. Or  how about a house that's just steps away from downtown Austin? Easy. From luxury townhomes downtown to spacious single-family homes in established communities like Rosedale, Allandale, and Westlake, $1M opens the door to prime locations and top-tier amenities. Whether you're looking for modern finishes, large lots, or breathtaking hill country views, Austin has plenty to offer at this price point.

With the current inventory of homes up by 20% from last year and mortgage rates still elevated, buyers are in a prime position to negotiate fantastic deals. Austin is poised for another of home price appreciation, so now is the perfect time to take advantage of your negotiating power. Whether you're a first-time homebuyer or looking to relocate, there are great options all over the city that fit a variety of needs and preferences.

Buy your home the right way - with smart financing!

At a $1M price range, many clients seek to put 20% down, and for good reason. 20% down provides you with access to great rates on great terms (no fees) - especially ARM loans, which can lower your rate by up to 0.5% - which can be savings of $4,000 a year on an $800K loan! To qualify for your home purchase, minimum down payment on a $1M home (or any home over $900K in 2025) is 10%, and while that may result in a higher rate, it's a great option for those not looking to liquidate investment portfolios or take cash out of their business to buy a house. Closing costs in Austin are typically around 2% of the purchase price, you can be looking at a minimum $20,000 upfront to get the keys to your new place.

But that doesn't have to be $20,000 out of your pocket. The beautiful thing about Austin's market in 2025 is that sellers are ready to make a deal. That means you can negotiate having the seller pay for the upfront costs to buy a home. About 60% of our Austin deals have some form of concession from the seller to lower closing costs - especially at the $1M price point!

Now, let’s explore some amazing properties under $1M in some of Austin's most desirable neighborhoods:

15089 Joseph Dr, Austin, TX 78734(priced at $990,000) 

🏡 2720 Kinney Oaks Ct, Austin, TX 78704

• $979,900 | 3 Bed | 2.5 Bath | 2,059 sqft | 2000

• Monthly Payment: $4,763/month with 20% down at 6.125%*

• Located in the highly coveted 78704 zip code, this modern home boasts a sleek design with open living spaces, high ceilings, and a private backyard. Just minutes from Zilker Park and South Lamar, it's perfect for those who want to be near Austin's vibrant scene.

🏡 3900 Arbor Glen Way, Austin, TX 78731

• $975,000 | 4 Bed | 3 Bath | 2,113 sqft | 1995

• Monthly Payment: $4,739/month with 20% down at 6.125%*

• Perched in the prestigious Northwest Hills, this spacious residence showcases breathtaking hill country views, expansive living spaces, and a chef-inspired gourmet kitchen. Enjoy quick access to top-rated schools and major highways, blending luxury with convenience.

🏡 2203 Richcreek Rd #A, Austin, TX 78757

• $925,000 | 3 Bed | 3 Bath | 2,010 sqft | 2022

• Monthly Payment: $4,496/month with 20% down at 6.125%*

• Set in the heart of the highly desirable Allandale neighborhood, this newly built gem features modern finishes, an open floor plan, and walkable access to trendy dining, boutique shopping, and vibrant community events.

🏡 9201 Cessna Ln, Austin, TX 78717

• $924,900 | 5 Bed | 4.5 Bath | 3,990 sqft | 2001

• Monthly Payment: $4,495/month with 20% down at 6.125%*

• This exceptional Avery Ranch home features elegant finishes, a spacious backyard perfect for gatherings, and convenient access to championship golf courses, scenic walking trails, and community amenities.

🏡 2904 Fallcrest Bnd, Leander, TX 78641

• $989,000 | 5 Bed | 4.5 Bath | 4,052 sqft | 2019

• Monthly Payment: $4,807/month with 20% down at 6.125%*

• Expansive home in the coveted Crystal Falls community, offering a large open layout, hill country views, and access to top-rated Leander ISD schools. This property sits on 1.2 acres of land, perfect for outdoor activities and privacy.

🏡 15089 Joseph Dr, Austin, TX 78734

• $990,000 | 5 Bed | 3.5 Bath | 3,406 sqft | 2014

• Monthly Payment: $4,812/month with 20% down at 6.125%*

• Located in Lake Travis area, this luxury estate boasts panoramic lake views, a gourmet kitchen with top-of-the-line appliances, and expansive living spaces designed for elegant entertaining.

🏡 76 Sierra Mosca Trl, Liberty Hill, TX 78642

• $959,000 | 5 Bed | 4.5 Bath | 3,923 sqft | 2021

• Monthly Payment: $4,75/month with 20% down at 6.125%*

• With sweeping hill country views, high-end finishes throughout, and a generous lot perfect for outdoor entertaining, this modern luxury home is perfect for people looking for a suburban upscale living.

🏡 305 Miranda Way, Georgetown, TX 78633

• $950,000 | 5 Bed | 4 Bath | 4,075 sqft | 2021

• Monthly Payment: ~~$4,720/month with 20% down at 6.125%*

• Spacious family home in Georgetown's exclusive Cimarron Hills community, offering golf course views and top amenities, blending luxury with serene country living.

🏡 4928 Bruco Ln, Round Rock, TX 78665

• $949,997 | 5 Bed | 5.5 Bath | 4,725 sqft | 2019

• Monthly Payment: ~~$4,640/month with 20% down at 6.125%*

• Luxury living in Teravista, featuring a large open layout, a chef’s kitchen, and access to golf courses and community pools.

🏡 1802 Ullrich Ave, Austin, TX 78756

• $990,000 | 4 Bed | 2 Bath | 2,038 sqft | 1953

• Monthly Payment: ~$5,750/month with 20% down at 6.125%*

• Situated in the charming Brentwood neighborhood, this mid-century gem features modern updates, a large backyard, and is just minutes from the best local dining and shopping on Burnet Road.

🏡 20008 Victoria Chase Rd, Lago Vista, TX 78645

• $949,900 | 5 Bed | 3 Bath | 3,500 sqft | 2018

• Monthly Payment: ~~$4,750/month with 20% down at 6.125%*

• Spacious hill country home with panoramic lake views, modern finishes, and expansive living spaces on 2.5 acres of land. Ideal for those looking to escape the hustle while remaining close to Austin amenities.

These listings highlight just a few of the fantastic opportunities available for $1,000,000 or less in amazing neighborhoods all around Austin. Whether you’re seeking suburban peace, proximity to downtown, or family-friendly communities, there’s something here for you. If you're ready to explore these options, please give us a call at 512.881.5099 or complete this quick form, and I'll be in touch as soon as possible to connect you with an agent who can help make your dream of homeownership a reality.

*All monthly payments are based on a 20% down, 7/1 ARM loan for homebuyers with a 720+ credit score. Interest rate used is 6.125% for estimation purposes. These are listings that can be found on Zillow as of today. Availability and price are subject to change.