luxury real estate

Houston had 2nd-highest share of luxury home sales in Texas in 2025

10106 Meadow Lake Lane, Houston luxury home for sale

This home at 10106 Meadow Lake Ln. in Houston's Briargrove Park neighborhood is on the market for $1.95 million.

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A new luxury real estate report reveals Texas broke a record for the highest number of million-dollar homes sold from November 2024 to October 2025, and the Houston-Pasadena-The Woodlands metro boasted the second-largest share of million-dollar home sales statewide.

A total of 14,418 Texas homes were sold for at least $1 million last year, generating a record-breaking $24.5 billion, according to Texas Realtors' 2025 Texas Sales of Million-Dollar Homes Report. The number of luxury home sales in the state soared 12 percent compared to the previous year.

Million-dollar home sales in the Houston metro made up 27 percent of all luxury home sale transactions in Texas during the 12-month period, the report found. The total sales dollar volume of Houston-area homes that sold for $1 million or more added up to about $6.8 billion last year, or about $1.1 billion more than it did during the previous period from November 2023 to October 2024.

Nearly 3,950 million-dollar homes were sold in the Houston region at an average price of $379 per square foot. For comparison, the average price per square foot for all residential homes in the metro was $176.

Both figures are lower than the statewide average, according to Texas Realtors.

"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," the report said.

Houston also had the second-highest median closing price for its million-dollar homes statewide, at about $1.39 million.

Furthermore, Houston's luxury homes are significantly larger the typical residential home in the metro. A million-dollar home in the metro spanned 4,397 square feet, compared to 2,115 median square feet for all residential homes.

"High-end homes continue to be a small but mighty segment of the market," said Texas Realtors chairman Jennifer Wauhob in a press release. "Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations, or both."

Elsewhere in Texas, Dallas-Fort Worth Arlington saw the No. 1 highest share of million-dollar home sales in Texas, at 38 percent, followed by Austin-Round Rock-San Marcos (19 percent), the rest of Texas (11 percent), and San Antonio-New Braunfels (5 percent).

housing market million dollar homes luxury real estate texas realtors

on the move

Houston was a top-3 U.S. destination for movers in 2025, U-Haul says

Photo by Dan Williams on Unsplash

Houston attracted more newcomers than almost all other U.S. metros in 2025.

Houston attracted more newcomers than nearly all other U.S. metros in 2025, according to a new migration report from U-Haul.

The Houston metro ranked No. 2 nationally in U-Haul's annual list of the top destinations for people on the move in 2025.

U-Haul's annual Top U.S. Growth Metros and Cities report is based on how many one-way transactions were made by do-it-yourself movers using a U-Haul truck, trailer, or U-Box moving container across the U.S. and Canada. According to the study's methodology, more than 2.5 million one-way moves took place in North America in 2025.

Houston ranked just one spot behind No.1-winner Dallas-Fort Worth, and the metro last ranked No. 9 in the 2024 migration report.

Additionally, Texas reclaimed the No. 1 spot as U-Haul's Top Growth State in 2025, which was held by South Carolina in 2024.

"U-Haul customers arriving in Texas accounted for 50.7 percent of all one-way traffic in and out of the state last year (49.3 percent leaving)," the report said. "Compared to 2024, customers coming to Texas rose 3 percent [year-over-year] while departures rose just 1 percent [year-over-year]."

Austin appeared behind Dallas and Houston to round out the top three U.S. growth metros for 2025. In 2024, Austin ranked as the No. 5 most-moved-to destination nationwide.

The far-flung Houston suburb Conroe ranked No. 20 in U-Haul's separate list of the top growth cities for 2025, after previously ranking 16th nationally in 2023.

"We continue to find that life circumstances — marriage, children, a death in the family, college, jobs and other events — dictate the need for most moves," said U-Haul International president John "J.T." Taylor. "But other factors can be important to people who are looking to change their surroundings. In-migration states are often appealing to those customers."

The top 10 growth metros in 2025 are:

No. 1 – Dallas-Fort Worth, Texas
No. 2 – Houston, Texas
No. 3 – Austin, Texas
No. 4 – Charlotte, North Carolina
No. 5 – Phoenix, Arizona
No. 6 – Nashville, Tennessee
No. 7 – Charleston, South Carolina
No. 8 – Raleigh, North Carolina
No. 9 – Atlanta, Georgia
No. 10 – Brownsville & McAllen, Texas

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