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

a luxury escape

80 acre Houston-area estate with two ponds listed for $11.5 million

S Lazy S Ranch house exterior at 8502 Stansberry Road

Photo by Sky Crafted Imaging for Martha Turner Sotheby’s International Realty

S Lazy S Ranch in Wallis is for sale for $11.5 million.

Imagine acres of green vistas, tree-lined paths and the privacy that comes with a personal oasis. That’s S Lazy S Ranch, set on 80 acres at 8502 Stansberry Road in Wallis. It’s for sale for $11.5 million, listed by Rachel Hrncir with Martha Turner Sotheby’s International Realty.

Gated and fenced, this is a remarkable property meant for living, working, and entertaining, with exceptional indoor and outdoor spaces.

Designed in tandem by the seller and Houston architect Robert McKinney, a decorated amateur golfer who’s considered one of the top golf clubhouse designers in the United States, the home unfolds over more than 5,000 square feet and features a distinctive floor plan that maximizes its pond views and is flooded with natural light. From the rugged facade of San Saba stone to a host of contemporary conveniences, this is a space that offers elegant rustic living.

Photo by Sky Crafted Imaging for Martha Turner Sotheby’s International Realty

S Lazy S Ranch in Wallis is for sale for $11.5 million.

The interior’s spacious gathering areas provide opportunities for family relaxation and entertaining a crowd. The chef's kitchen has Viking appliances and is anchored by a large island with seating for five. An open plan provides seamless access to the dining room and living room, with vaulted wood ceilings and a huge stone fireplace.

A luxurious primary suite is a true retreat, with double glass doors opening to a covered patio, two walk-in closets, and a spa-like bath that boasts a jetted soaking tub set against huge windows offering beautiful views. The secondary bedrooms are designed as private suites, and a flexible bonus space can be a game room or other additional gathering spot.

Outdoors, find covered patios, an infinity-edge spa, outdoor kitchen, fire feature, two stocked ponds, and abundant wildlife.The barn includes four horse stalls, workshop, guest apartment, and equipment storage.

With a location south of I-10 and less than an hour from Houston, S Lazy S Ranch is a space that feels deep in the heart of Texas, yet is so close to modern living.