Luxury list

Houston boasts impressive share of million-dollar homes, says study

Houston ranks 16th in the nation for share of million-dollar homes.

Photo courtesy of Compass

Houston homes are flying off the market and property values are skyrocketing — but just how many of these houses are worth two commas?

An analysis of U.S. Census Bureau data by lending marketplace LendingTree found the share of owner-occupied homes in the Houston area valued at $1 million or more stands at 2.26 percent out of some 1,421,765 residences (32,167 homes total).

That puts the Bayou City 16th overall nationally among U.S. major metros. By the numbers, the media value of Houston homes is $193,900.

No surprise here: Austin leads Texas with the most million-dollar homes: 3.52 percent. That percentage — the share of all owner-occupied homes — puts Austin first among major metro areas in Texas and 11th among the country’s 50 biggest metro areas.

From November 2019 to October 2020, 1,534 luxury homes ($1 million or higher) were sold in the Austin area, according to the Texas Association of Realtors. That represented a 41.4 percent year-over-year increase in luxury sales volume and a 5.6 percent share of all residential sales volume in the region (based on dollar totals).

In May, the median home price in the Austin metro area reached an all-time high of $465,000, according to the Austin Board of Realtors.

Here’s how Texas’ other major metro areas fared in the LendingTree analysis:

Dallas-Fort Worth ranked 20th, with 1.94 percent of owner-occupied homes valued at $1 million or more (29,509 homes total).
San Antonio ranked 34th, with 1.19 percent of owner-occupied homes valued at $1 million or more (6,037 homes total).

San Jose, California, topped the LendingTree list, with 47.29 percent of owner-occupied homes valued at $1 million or more.

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3-acre Tomball estate with amenities galore to be listed for $5.3 million

Aria Media for Martha Turner Sotheby's International Realty

23227 Brownwood Lane is set on three wooded acres on Tomball is will soon be on the market for $5.3 million

Set behind a private, tree-lined approach lies 23227 Brownwood Lane in Tomball. This English Tudor estate sits on three acres, a secluded escape for the home’s 8,000 square feet of living space. Coming soon to the market for $5.3 million and represented by Rachel Solar of Martha Turner Sotheby's International Realty, it offers unmatched privacy and serenity.

Originally built in 1988, the home seamlessly blends classic Tudor charm with updated finishes and design. Consider the home’s centerpiece, the light-filled kitchen, with high-end appliances, an abundance of cabinetry, and a sizable butlers pantry. An island anchors the space, creating a relaxed gathering spot, and the room gives way to a gorgeous dining room with a dramatic stone fireplace, soaring ceilings, and expansive windows. The elegant living room has its own fireplace, as well as custom millwork, a coffered ceiling, and built-in shelves.

The first-floor primary suite boasts hardwood floors and French doors opening to a patio. The spa-like bath offers custom tilework, an oversized soaking tub, and walk-in shower. Dual walk-in closets have custom cabinets and shelving.

The home has a sunken movie room tucked behind a hidden door, a wood-paneled study, and a second floor game room with built-in bunk beds, study nooks, and an abundance of shelves. The home is designed for entertaining, even as it’s a perfect retreat, set amid beautiful trees and lush grounds, which include a pool and spa.

A garage apartment offers space for guests, or can serve as an in-law residence.

Those who come through the stone-and-iron gate of 23227 Brownwood Lane will be impressed with the home’s rich wood craftsmanship and exquisite details. This forest retreat will certainly be an attractive property for those seeking a home that is welcoming, beautiful, and perfect for living and entertaining.

Aria Media for Martha Turner Sotheby's International Realty

23227 Brownwood Lane is set on three wooded acres on Tomball is will soon be on the market for $5.3 million