From November 2024 to October 2025, Texas recorded its highest-ever number of $1 million-plus home sales, totaling 14,418 properties and $24.5 billion in sales. This marks a 12% rise from the prior year’s 12,886 sales. Of all Texas residential sales, million-dollar homes accounted for 4.3% and 17.2% of total sales volume, respectively.
Dallas-Fort Worth Leads Luxury Sales
Leading the state, Dallas-Fort Worth-Arlington achieved 5,485 billion in home sales and captured 38% of Texas’s total luxury transactions. These sales generated $9.7 billion, an increase of 10% from the previous year. In the metro, 10,878 new luxury listings appeared, homes averaged 61 days on market, and the median closing price stood at $1,421,560.
In Dallas-Fort Worth, luxury homes averaged $402 per square foot, more than double the $204 average for all residential properties. The median size for these properties was 4,284 square feet, with typical homes spanning 2,096 square feet. Inventory measured 6.5 months.
Other Major Metros Contribute
Second in rank, Houston-Pasadena-The Woodlands posted 3,948 sales, 27% of statewide luxury activity, with $6.8 billion in sales, an 18% increase. Austin-Round Rock-San Marcos followed, registering 2,714 sales (19% share) valued at $4.6 billion, up 10%. San Antonio-New Braunfels achieved 736 sales (5% share) totaling $1.1 billion, a 13% rise.
The four largest metros accounted for 89.4% of all $1M+ sales, while the rest of Texas accounted for 1,535 sales, or an 11% share.
| Dallas-Fort Worth | 5,485 | 38% | $9.7B | 10% |
| Houston | 3,948 | 27% | $6.8B | 18% |
| Austin | 2,714 | 19% | $4.6B | 10% https://www.texasrealestate.com/wp-content/uploads/2025_Sales_of_Million_Dollar_Homes_in_Texas_Report.pdf |
| San Antonio | 736 | 5% | $1.1B | 13% https://www.texasrealestate.com/wp-content/uploads/2025_Sales_of_Million_Dollar_Homes_in_Texas_Report.pdf |
| Rest of Texas | 1,535 | 11% | N/A | N/A https://www.texasrealestate.com/wp-content/uploads/2025_Sales_of_Million_Dollar_Homes_in_Texas_Report.pdf |
Key Market Metrics
On a statewide scale, million-dollar homes averaged $423 per square foot, slightly up from $418, compared to $188 for all homes. The median closing price reached $1,370,000. Sales occurred at 93% of the original list price, while average days on market rose to 72 from 68, and inventory climbed to 8.3 months.
Statewide, new listings climbed to 32,793 from 28,325. The 2008 median build year remains typical for most luxury homes.
Factors Driving Record Sales
Strong buyer demand for prime locations and amenities fueled the surge, said Texas Realtors chair Jennifer Wauhob. High-end purchases by executives received a boost from corporate relocations, such as those of Fortune 500 firms to Texas. Dallas-Fort Worth maintained resilience amid broader moderation, supported by its top U.S. market ranking for 2025 per PwC and Urban Land Institute.
Image by F. Muhammad from Pixabay
