How big is the Dallas-Fort Worth luxury real estate market?

Dallas-Fort Worth recorded 5,485 sales of homes at $1 million or more between November 2024 and October 2025, totalling $9,682,347,618 in sales volume. That is 38 percent of every million-dollar home sale in Texas, more than any other metro in the state, and it accounted for 20.8 percent of all residential sales dollar volume in Dallas-Fort Worth. Source: Texas REALTORS 2025 Sales of Million-Dollar Homes Report.

What is the median price of a luxury home in Dallas-Fort Worth?

The median closing price for Dallas-Fort Worth homes selling at $1 million or more was $1,421,560 as of October 2025, up 4.3 percent year over year. The average sale price across the full twelve-month period works out to roughly $1,765,241, and the gap of about $344,000 between the two is a signal that a relatively small number of very large transactions sit above a much denser band of sales closer to the $1 million threshold.

What does a million dollars actually buy in Dallas-Fort Worth?

As of October 2025 the median million-dollar-plus home in Dallas-Fort Worth measured 4,284 square feet at an average of $402 per square foot, with a median year built of 2007. For comparison, the median across all residential homes in the metro was 2,096 square feet at $205 per square foot. So a luxury home here is roughly twice the size and roughly twice the price per square foot of a typical metro home. The luxury tier is not a modest step up, it is a different product.

Is the Dallas-Fort Worth luxury market slowing down?

It is normalizing rather than weakening, and the distinction matters. Sales rose about 10 percent year over year, from 4,989 to 5,485, and the median closing price rose 4.3 percent. At the same time months of inventory increased from 5.6 to 6.5 and average days on market went from 57 to 61. More supply and slower velocity alongside higher prices and higher volume is the signature of a market absorbing inventory at a sustainable pace, not one losing demand.

When is the best time to sell a luxury home in Dallas-Fort Worth?

The transaction data shows a pronounced seasonal pattern. June was the strongest month with 591 million-dollar sales and January the weakest with 260, a swing of about 2.3 times. The four months from March through June accounted for 2,149 sales, or 39.2 percent of the entire year in a third of its calendar. Sellers who want to reach the deepest buyer pool are working toward a spring listing, which means preparation begins in winter.

How long do luxury homes take to sell in Dallas-Fort Worth?

Average days on market for million-dollar-plus homes was 61 as of October 2025, up from 57 the previous year. That figure measures listed days and does not include the preparation period before a home reaches the market, which at this end can add three to six weeks on its own. Plan a realistic timeline from decision to closing rather than from listing to closing.

How much do luxury homes sell for compared to asking price in Dallas-Fort Worth?

Closing price averaged 93 percent of original list price as of October 2025. That is the most practically useful number in the dataset for a seller. It says that across the market as a whole, initial asking prices were running roughly 7 percent ahead of what buyers actually paid. A home priced correctly at the outset is competing against a field that is, on average, overpriced, which is a considerable advantage.

How much inventory is there in the Dallas-Fort Worth luxury market?

Months of inventory in the million-dollar-plus segment stood at 6.5 as of October 2025, up from 5.6 a year earlier, with 10,878 new luxury listings entering the market across the twelve-month period against 5,485 sales. A balanced market is generally considered to be around five to six months of supply, so the luxury tier is sitting slightly on the buyer-favourable side of balance, which is a different condition from the broader metro.

How does Dallas-Fort Worth compare to Austin and Houston for luxury sales?

Dallas-Fort Worth leads Texas by a clear margin. Across November 2024 to October 2025 the metro recorded 5,485 million-dollar sales, against 3,948 in Houston, 2,714 in Austin and 736 in San Antonio. That is 38 percent of the state total for Dallas-Fort Worth, 27 percent for Houston, 19 percent for Austin and 5 percent for San Antonio, with the remaining 11 percent spread across the rest of Texas.

Are luxury home prices in Dallas-Fort Worth going up or down?

Up, modestly, in the million-dollar-plus segment. The median closing price rose 4.3 percent year over year to $1,421,560 as of October 2025, and average price per square foot rose by $7 to $402. Those are single-digit gains rather than the sharp movements of the pandemic period, which is consistent with a market that has returned to more ordinary behaviour.

Why is it harder to find accurate home price data in Texas?

Texas is a non-disclosure state, which means the price a home actually sold for is not filed in the public record as it is in most of the country. Aggregate market data comes from the multiple listing service and from bodies such as Texas REALTORS and the Texas Real Estate Research Center, and transactions occurring outside an MLS are not captured at all. For an individual property this is why automated online valuations are weaker here than buyers expect, particularly on higher-priced and less uniform homes.

What percentage of Texas million-dollar home sales are in Dallas-Fort Worth?

38 percent. Dallas-Fort Worth recorded 5,485 of the 14,418 million-dollar home sales in Texas between November 2024 and October 2025. Statewide those sales generated a record $24.5 billion and represented 4.3 percent of all homes sold in Texas, with 89.4 percent of them concentrated in the four largest metros.