January 07, 2026 — Austin

A record-setting number of Texas homes sold for $1 million or more from November 2024 to October 2025, according to the 2025 Texas Sales of Million-Dollar Homes Report released today by Texas REALTORS®. The 14,418 homes sold represent a 12% increase over the previous year. The $24.5 billion collective sales value of those homes is also a new record.

More homes were available in the $1 million+ price range in 2025, with 32,793 new listings, compared to 28,325 new listings in the previous year.

While 4.3% of all homes sold in Texas were $1 million+ homes, those properties made up 17.2% of all residential sales dollar volume in the state, which was an increase from 15.7% the previous year.

“High-end homes continue to be a small but mighty segment of the market,” said Jennifer Wauhob, Chairman of Texas REALTORS®. “Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations, or both.”

Sales increased at least 10% in the largest metro areas

All four of the largest metros had increases in $1 million+ home sales of at least 10%. The Houston MSA had the largest increase at 18%.

Almost 90% of the $1 million+ homes sold in Texas last year were in one of the four largest metro areas. At 38%, Dallas-Fort Worth-Arlington had the largest share, with 5,485 homes worth a combined $9.7 billion. Houston-Pasadena-The Woodlands was second, with 27%. Austin-Round Rock-San Marcos had the third-highest percentage of $1 million+ sales with 19%, followed by San Antonio-New Braunfels, at 5%. The rest of Texas combined for 11%.

The average price per square foot of $1 million+ homes increased to $423 from $418 last year and was more than double the $188 average price per square foot of all Texas homes.

New statistics: median closing prices, percentage of listing prices they represent

This year’s report includes statistics for median closing price and closing price as a percentage of the original listing price.

Across Texas, $1 million+ homes closed for 93% of their original listing price in 2025. The Austin and Dallas MSAs were also at 93%, while in the Houston MSA, such homes closed for 94% of their original listing price and for 90% in the San Antonio MSA.

The median closing price for $1 million+ homes statewide was $1,370,000. Of the largest metro areas, Dallas-Fort Worth-Arlington had the highest median closing price at $1,421,560. The next highest was Houston-Pasadena-The Woodlands at $1,385,000. Austin-Round Rock-San Marcos and San Antonio-New had median closing prices of $1,325,000 and $1,300,709 respectively.

“The million-dollar market is nuanced and highly local,” Wauhob said. “Small details can have a big financial impact. And a Texas REALTOR® brings the expertise, discretion, and market insight clients need to compete, negotiate, and close with confidence.”