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Read the Latest Texas Luxury Home Sales Report
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As a category, luxury homes in Texas experienced tremendous growth from November 2020 to October 2021.
The number of homes that sold for $1 million or higher increased 89.6% from the last reporting period. Total sales dollar volume for those homes increased 93.3% to $19,965,983,677.
Texas REALTORS® has released the 2021 Texas Luxury Home Sales Report. The report uses data from the Data Relevance Project, a partnership among REALTOR® associations throughout the state. Analysis is provided by the Texas Real Estate Research Center at Texas A&M University.
There were 11,980 luxury homes sold in Texas during the reporting period. While luxury home sales comprise less than 3% of all Texas home sales, they generate 13.1% of the state’s total residential sales dollar volume.
Other statistics from the report include:
The median luxury home price was $1,360,133.
The average price per square foot was $395—more than double the average price per square foot for all Texas homes.
Luxury homes spent an average of 55 days on market, down 31 days from 2020.
There were 17,555 new listings from November 2020 to October 2021.
90.2% of luxury homes were sold in the state’s four largest MSAs: Dallas-Fort Worth-Arlington (31.9%, 3,818 homes); Houston-The Woodlands-Sugar Land (27.2%, 3,264 homes); Austin-Round Rock (25.9%, 3,103 homes); and San Antonio-New Braunfels (5.2%, 622 homes).