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    real estate worth millions

    Houston's luxury real estate market brought in $5.7 billion in 2024

    Amber Heckler
    Jan 22, 2025 | 2:30 pm
    3217 Del Monte Drive, Houston home for sale

    There's no shortage of luxury homes in Houston.

    Photo courtesy of HAR.com

    A new 2024 report from Texas Realtors has revealed the number of homes that sold in the state for $1 million or more increased 10 percent from last year to reach its second-highest peak ever recorded.

    According to the report's findings – which calculated sales data from November 2023 to October 2024 – Texas' luxury real estate market accounted for $21.4 billion in economic activity. The period from November 2021 to October 2022 still holds the current statewide record, which is $22.6 billion.

    A total 12,888 homes sold for at least $1 million during this time, which represented nearly 16 percent of all Texas residential home sales.

    May 2024 was the busiest month for Texas' luxury home sales. Nearly 1,580 homes were sold that month for $1 million or more. Meanwhile, January was the slowest month with only 610 million-dollar homes sold.

    "The high end of the Texas real estate market continues to evolve," said Christy Gessler, Chairman of Texas Realtors, in a press release. "As prices rise, more homes cross the million-dollar threshold. Some are highly valued for their size or amenities, but with many, the key factor is location."

    Luxury real estate performance in Houston
    The report further revealed that the second-highest share (26.2 percent) of Texas luxury homes were located in the Houston-The Woodlands-Sugar Land metropolitan statistical area, amounting to nearly $5.7 billion.

    A total 3,371 luxury homes were sold in the Houston area from November 2023 to October 2024; 10 percent more than the previous year. These million-dollar real estate purchases accounted for 16 percent of all residential sales dollar volume in the metro.

    The median size of a million-dollar home that sold in Houston last October came out to 4,406 square feet, whereas the median size of all residential homes sold for the month was less than half that size – only 2,093 square feet.

    In a similar vein, the average price-per-square-foot for a luxury home sold in Houston in October came out to $389, whereas the price-per-square-foot for all residential homes sold in the area was only $180.

    Houston's share of high-end homes can be located in various affluent areas, from a massive Memorial mansion to a French-inspired Hunters Creek Village estate, or even a renovated Tudor home in West U.

    Previously, Houston ranked as the No. 18 U.S. city with the most million-dollar homes on the market.

    Luxury real estate in other Texas metros
    Houston came in second to Dallas-Fort Worth, which constituted 38.7 percent of all million-dollar home sales in Texas. Austin-Round Rock had the third-highest share (19.1 percent) of statewide luxury real estate sales.

    In Dallas-Fort Worth, 4,992 luxury homes were sold from October 2023 to November 2024, raking in $8.5 billion in total sales dollar volume. Meanwhile, 2,461 luxury homes were sold in the Austin area to bring in $4.1 billion, the report said.

    Here's how the average price-per-square foot and median home size compared across these two Texas metros in October 2024:

    • $394 – average price per square foot for a million-dollar home in Dallas-Fort Worth
    • $510 – average price per square foot for a million-dollar home in Austin
    • 4,212 square feet – median size of a luxury home in Dallas-Fort Worth
    • 3,440 square feet – median size of a luxury home in Austin

    Additionally, 5.1 percent of all million-dollar homes sold statewide were located in San Antonio-New Braunfels. That means 656 luxury homes were sold in this metro, which brought in $957 million. In a one-month analysis for October 2024, the median size of a million-dollar home sold in the Alamo City came out to 4,118 square feet, which sold for an average price of $357 per square foot.

    Elsewhere in Texas, just under 11 percent of the state's luxury home sales were located outside the four biggest metros, or 1,408 homes.
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    housing news

    Houston ranks among top 10 U.S. cities for mobile home living

    Amber Heckler
    Dec 24, 2025 | 11:30 am
    Interior of a manufactured home
    Photo by Brian Wangenheim on Unsplash
    Manufactured homes have come a long way from the "trailers" of the past, according to StorageCafe.

    As Houston residents navigate the city's fluctuating real estate market, manufactured homes – also known as mobile homes – are gaining traction among potential buyers seeking an affordable path to homeownership.

    A recent housing study found Houston ranks among the top 10 U.S. cities with the largest mobile home inventory. Texas, as a whole, has the second-highest share of manufactured housing in the nation.

    StorageCafe's housing insights report analyzed the supply of manufactured housing inventory, average sales prices of new manufactured homes, and compared pricing trends against the median value of all housing units (regardless of construction date) across all 50 states and 100 U.S. cities.

    The report's author hails manufactured housing as "a cornerstone of affordability" in the country, with just under 8 million mobile homes representing about 5.4 percent of the U.S. housing supply.

    There are 776,232 manufactured homes in Texas, the report found, which is 6.2 percent of the state's entire housing stock. Houston is home to the 8th highest number of mobile homes in the nation, at 10,953 units.

    Here's how the rest of the top 10 shakes out:

    • No. 1 – Mesa, Arizona (29,335 units)
    • No. 2 – Phoenix, Arizona (20,564 units)
    • No. 3 – Jacksonville, Florida (15,393 units)
    • No. 4 – Largo, Florida (14,131 units)
    • No. 5 – Tuscon, Arizona (14,128 units)
    • No. 6 – San Jose, California (11,668 units)
    • No. 7 – San Antonio, Texas (11,208 units)
    • No. 8 – Houston, Texas (10,953 units)
    • No. 9 – Los Angeles, California (10,622 units)
    • No. 10 – Sunrise Manor, Nevada (9,952 units)

    Why manufactured home living is gaining popularity
    Affordability is of the main reasons Texas residents are turning to manufactured home living. The average sale price for a mobile home in Texas was $112,500 in 2024, or less than half of the median sale price for all Texas homes ($313,200).

    The report specifies that the cost for a manufactured home does not include the cost of land in the same way that a conventional home does. Depending on zoning and local laws, residents who own a mobile home either lease the lot their home sits on, or they have to purchase a lot outright.

    "Most manufactured homes sit either in parks (land rent, higher exposure to rent hikes or park closures) or subdivisions (you own the land)," the report said. "In some communities, resident-owned cooperatives (co-ops) allow homeowners to collectively purchase the land beneath their homes. This setup provides stability and protection against rising lot rents, which can otherwise affect those living in privately owned parks."

    Nevertheless, StorageCafe maintains that the generally lower cost of a manufactured home still makes it a viable path to homeownership. Affordability is especially crucial for younger adults like Gen Zers and Millennials who also don't want to "compromise on quality or independence."

    "Today’s younger buyers value flexibility, efficiency, and minimal maintenance, and many are drawn to simpler lifestyles that align with financial freedom and mobility," the report said. "With the rise of remote work, more Millennials and Gen Zers are exploring the idea of living affordably in smaller, well-designed spaces, often in communities with shared amenities or scenic settings that were once thought to appeal only to retirees."

    Manufactured homes have also experienced a "glow up" in recent years, the report added. Most manufactured homes have open floor plans, "stylish interiors," and come equipped with modern amenities like smart-home technology and energy efficient features.

    "As a result, they’re no longer viewed as a fallback option, but rather as a savvy, forward-thinking path to homeownership for cost-conscious Americans of all ages," the report said.

    Mobile home living elsewhere in Texas
    Other than San Antonio in Houston in the top 10, there were 12 more Texas cities that ranked among the top 100. El Paso came in at No. 16 with 7,089 mobile homes in the city, and Laredo ranked two spots behind with 6,785 units.

    Here's how other Texas cities fared in the report:

    • No. 20 – Dallas (6,195 units)
    • No. 21 – Austin (6,184 units)
    • No. 22 – Fort Worth (6,069 units)
    • No. 29 – Corpus Christi (4,823 units)
    • No. 34 – Pharr (4,409 units)
    • No. 48 – Arlington (3,818 units)
    • No. 60 – Mission (3,207 units)
    • No. 65 – Bryan (3,063 units)
    • No. 67 – Edinburg (3,407 units)
    • No. 98 – Denton (2,441 units)
    housing markethousing reportstoragecafetexasmanufactured housinghouston
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