a wealth of luxury offerings

Houston's ultra-luxury real estate market explodes with top sales growth in U.S. of homes valued $10M or more

2109 River Oaks Boulevard, Houston luxury home for sale

This luxurious Houston home at 2109 River Oaks Boulevard is pending sale for $14.5 million.

Photo via Compass

Luxury home sales in Houston have grown by a monumental 200 percent for the first half of 2023, according to the new mid-year report by Compass Luxury. This staggering growth indicates a new trend for the city's impressive and explosive real estate market despite recent economic troubles and limited housing inventory.

Houston ranked at the top with Dallas-Fort Worth on Compass' list of ultra-luxury real estate markets — meaning homes selling for $10 million or more — during the first six months of the year. There were 13 total markets that had more transactions surpassing the $10 million mark in this time period than this same time last year.

For some perspective, Compass' data says there were three homes in Houston that together sold for a total of $31.5 million during Q1 and Q2 of this year. That's compared to just one sale in 2022 at $15.98 million.

Dallas-Fort Worth barely edged Houston out of the No. 1 spot in the report with a higher sales volume of $43.79 for the same number of sales in Q1 and Q2.

The report says high-earning buyers are seeking homes in Houston thanks to low taxes and the city's vacation destination status. But it's the city's dynamic culture, education and medical institutions that are major draws for the ultra-luxurious crowd, according to Compass real estate agent Dee Dee Guggenheim Howes.

"Our city offers economic prosperity, cultural richness, and diverse architecture, irresistible to those seeking the epitome of fine living," she said. "As the population increases, so does the demand for amenity-rich luxury listings. From spa-like retreats, lush outdoor living spaces, and private sports facilities, to tasting rooms, gourmet kitchens, and exquisitely designed wet bars, ultra-luxury buyers expect the best."

Laura Sweeney, another Compass real estate agent and native Houstonian, predicts a continuation of the strong growth in Houston's real estate market for the duration of 2023.

"The overall market has leveled off some with rising interest rates and fluctuations in consumer confidence; however, inventory has remained low and people who need a house are still buying," Sweeney said. "Demand has even created multiple offer situations and pushed prices upward for special properties."

The top 10 real estate markets with transactions over $10 million for the first half of 2023 are:

No. 1 – Dallas-Fort Worth (200 percent)
No. 2 – Houston (200 percent)
No. 3 – Boulder, Colorado (100 percent)
No. 4 – Jackson Hole, Wyoming (60 percent)
No. 5 – Greater Seattle (55.5 percent)
No. 6 – Martha's Vineyard, Massachusetts (50 percent)
No. 7 – Westchester County, New York (50 percent)
No. 8 – Greater Boston (42.8 percent)
No. 9 – City of Boston (40 percent)
No. 10 – Wine Country, California (25 percent)

The full mid-year ultra-luxury real estate report can be found on Compass Luxury's website.

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ZIP-ing to TX

These 2 Houston neighbors are the hottest ZIP codes to move to in 2026

16815 Seminole Ridge Drive, Cypress home for sale, Houston home for sale

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This modern farmhouse-style home in Cypress' 77433 neighborhood is on the market for $475,000.

A new migration report has reaffirmed Texas as one of the hottest destinations for movers during the first half of 2026, and two Houston neighbors — Katy and Cypress — are attracting more movers than almost any other ZIP code in America.

Nearly 5.3 million moves were recorded throughout the U.S. during the first six months of the year, according to MovingPlace's new 2026 mid-year migration report. An astounding eight of the top 10 U.S. ZIP codes attracting the most movers are based in Texas, with Katy's 77493 ZIP code ranking No. 4 nationally for the highest number of moves during that timeframe.

Nearly 2,700 moves have been recorded in 77493, which spans Houston Executive Airport to the west and spans east toward Park Row. The ZIP code covers a small portion between I-10 and U.S. 90 to the south, and stretches as far north as Katy Hockley Road and Sharp Road.

Katy has blossomed into a bustling boomtown over the last several years, and MovingPlace says it's one of the fastest-growing suburban communities in the greater Houston area.

"The area’s appeal comes from its combination of new construction, strong school districts, and access to major employment corridors in west Houston," the report's author wrote. "Large-scale residential development has allowed Katy to absorb continued demand from families seeking space and suburban amenities."

The city boasts a population of about 62,300 residents, a median household income of $118,464, and its median home price sits at $321,900, according to MovingPlace's data.

Cypress' 77433 ZIP code ranked No. 7 nationally on MovingPlace's top 10 list of the hottest ZIP codes by total move volume so far in 2026. The city's population has surpassed 112,000 residents with 2,518 new moves recorded during the first half of the year.

The report designates Cypress as an attractive place for families thanks to its "extensive master-planned communities and continued suburban growth." Homes in the 77433 area have a median price of $384,400.

"The area’s newer housing stock, strong schools, and proximity to major employment centers have made it a preferred destination for families," the report said. "And as Houston expands westward, Cypress continues to capture a significant share of regional housing demand."

These are the top 10 hottest ZIP codes in America right now:

No. 1 – New Braunfels, Texas (78130)
No. 2 – McKinney, Texas (75071)
No. 3 – Leander, Texas (78641)
No. 4 – Katy, Texas (77493)
No. 5 – Winter Garden, Florida (34787)
No. 6 – Pflugerville, Texas (78660)
No. 7 – Cypress, Texas (77433)
No. 8 – Summerville, South Carolina (29486)
No. 9 – Aubrey, Texas (76227)
No. 10 – San Antonio, Texas (78253)

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