Texas $1 Million+ Home Sales Hit Record

The number of Texas homes selling for $1 million or more hit a record in the latest reporting period, according to the Texas REALTORS® 2025 Texas Sales of Million-Dollar Homes Report. These high-end and luxury home sales increased 12 percent year over year to reach 14,418 sales. They also hit a record $24.5 billion in total sales volume.

The Austin-Round Rock-San Marcos Metropolitan Statistical Area had a 10 percent increase in sales of luxury homes compared to the previous annual time period, with 2,714 homes sold compared to 2,470 homes. In this region, 26.3 percent of all home sales fell into this $1 million or more category – the highest percentage of overall home sales in any of the metro areas.

In total, Austin high-end homes reached $4.6 billion in sales. Inventory notched up from a 6.8-month supply to 7.3 months, while average days on the market dropped from 95 to 75 days. Median price bumped down 3.3 percent to $1,325,000. Median price per square foot increased $9 to $512, compared to $257 for all Austin-area homes. Median square footage for high-end Austin-area homes was 3,411, compared to 2,081 for all homes.

The major metros accounted for almost 90 percent of Texas’ $1 million+ home sales. The Dallas-Fort Worth-Arlington MSA had the largest share with 38 percent, totaling 5,485 homes that sold for a combined $9.7 billion. Houston-Pasadena-The Woodlands MSA was second with a 27 percent share, and Austin-Round Rock-San Marcos was third with 19 percent. San Antonio-New Braunfels MSA accounted for five percent of Texas home sales of $1 million or more.

The median price of these homes statewide was $1,370,000. Dallas-Fort Worth-Arlington had the highest median sales price at $1,421,560. Houston-Pasadena-The Woodlands was second highest at $1,385,000. Following Austin’s median of $1,325,000, San Antonio-New Braunfels had a median price of $1,300,709. In the state, the average price per square foot of $1 million+ homes increased to $423 from $418. This was more than double the $188 average price per square foot of all Texas homes.

Across Texas, homes that sold for $1 million or more totaled 4.3 percent of overall sales but 17.2 percent of sales volume, an increase from 15.7 percent the previous year. There also were substantially more listings in this price range: 32,793 new listings, compared to 28,325 new listings the previous year. Austin and Dallas MSA homes sold for 93 percent of the original listing price, while Houston MSA homes sold for 94 percent of the original list price and San Antonio MSA homes sold for 90 percent of the original list price. The median for the state was 93 percent.

The Sales of Million-Dollar Homes in Texas Report was previously known as the Texas Luxury Home Sales Report. The report analyzed home sales priced $1 million and higher from November 2024 through October 2025.