More million-dollar homes sold in Texas last year than ever before, according to a new luxury report from Texas REALTORS®.
During the time period from November 2024 to October 2025, buyers in the Lone Star State purchased 14,418 homes priced $1 million or higher, marking a 12% year-over-year increase. That volume set a new record-setting for the state — as did the $24.5 billion dollar value associated with those sales.
Furthermore, despite only making up 4.3% of statewide sales in 2025, $1 million-plus homes made up 17.2% of the state’s total dollar volume.
“High-end homes continue to be a small but mighty segment of the market,” Jennifer Wauhob, chairman of Texas REALTORS®, said in a press release. “Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations or both.”
Million-dollar home sales increased by at least 10% in all four of Texas’s major metros, with the highest annual jump of 18% seen in Houston. Nearly 90% of all $1 million-plus sales occurred in those four metros, with Dallas-Fort Worth representing the largest share at 38%, followed by Houston at 27%, Austin at 19% and San Antonio at 5% (the rest of the state made up just 11%).
The median closing price for $1 million-plus homes was $1,370,000, with the highest median of $1,421,560 seen in the Dallas-Fort Worth metro, followed by Houston at $1,385,000. The typical $1 million-plus home closed for 93% of its original list price — slightly higher in Houston, where the close-to-list price ratio was 94%.
Statewide, the price-per-square foot increased from $418 to $423 — more than double the Texas average of $188 per square foot.