Report: Texas sees record surge in $1M home sales

Texas set a record with 14,418 homes sold for $1 million or more from November 2024 to October 2025, a 12% increase from the previous year, totaling $24.5 billion. The Dallas-Fort Worth-Arlington area led with 38% of sales, followed by Houston at 27%, Austin at 19%, and San Antonio at 5%. The average price per square foot rose to $423, and the average closing price statewide exceeded $1.3 million.