Million-dollar Listing

Dallas-Fort Worth cashes in with the most million-dollar home sales in Texas

Luxury home sales are on the rise.

Photo by Full Package Media

Dallas-Fort Worth sees more million-dollar home sales than anywhere else in Texas, according to a new report from Texas Realtors.

The number of luxury homes — those priced at $1 million or higher — sold in the Dallas-Fort Worth metro area increased 0.8 percent in the past year, to 1,785 homes sold. Despite the small growth, it's the highest number of sales among the metros studied in the report, which looked at Texas data from November 2018 through October 2019.

Those homes accounted for $2.9 billion in sales and 8.8 percent of all home sales in the DFW metro.

As a whole, Texas saw a 4.4 percent increase in luxury home sales during the timeframe studied. A total of 5,149 homes sold for $1 million or more, resulting in $8.3 billion in sales, up 5.1 percent from the previous year.

Elsewhere in the state, luxury home sales in Austin increased 14 percent year-over-year — the highest increase in Texas — to 1,085 homes sold. They accounted for $1.7 billion in sales.

San Antonio's luxury market saw a 10.8 percent increase in sales, but it remains relatively small. Only 211 homes were sold, totaling $319 million.

Houston-The Woodlands-Sugar Land experienced a 3.3 percent increase. In total, 1,715 homes were sold to the tune of $2.8 billion.

The median price for a luxury home in the Lone Star State registers at $1,375,000, according to the report. Astoundingly, the average price per square foot for a luxury home is $384 — more than triple the norm for Texas.

Living Large

Ritzy Dallas neighbor nearly tops 2025 list of best places to live

Photo courtesy of Engel & Völkers Dallas Southlake via Estately.com

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A Dallas-adjacent city has nearly topped a new list of the best suburbs to live in America for 2025. It's Southlake, and it ranked as the No. 2 best American suburb, according to a livability analysis by Canada-based real estate platform ViewHomes Team.

The study examined over 600 cities across 12 metrics to determine the rankings. Factors that contribute to each city's quality of life include median rent prices, crime rates, residents' median income, the percentage of residents with a bachelor’s degree, employment rates, and more.

The only city that topped Southlake was Vienna, Virginia, located 17 miles west of Washington, D.C.

The two major factors that helped Southlake cinch its top-three ranking were its favorable weather – 233 out of 265 days, to be exact – and its residents' median income. The suburb's affluent residents make the highest median annual income out of all cities in the report, at $250,000 annually.

Here's how Southlake stacked up in the study's other metrics:

1,266.6 – Crimes per 100,000 residents
74.1 percent – Percentage of residents with a bachelor's degree
2.3 percent – Percentage of residents without healthcare coverage
58.4 – Employment rate
2 – Poverty rate
26.1 minutes – Average time spent commuting for work
0.1 percent – "Walk to work" rate
7.63 – "Population diversity" rate

As a note, the report doesn't explain its methodology for determining Southlake's employment, poverty, "walk to work," or "population diversity" rates.

For many North Texans who want to live a little further from the big city action while still enjoying the perks of an urban lifestyle, suburbs like Southlake fit the bill, according to the study.

"The best suburbs offer great schools, thriving local economies, and homes that appreciate in value over time, making them ideal for families, professionals, and retirees alike," the report's author wrote.

Besides being one of the wealthiest suburbs in America, Southlake commonly appears on lists that also dub it one of the best small cities in the nation.

The city is also famous for its over-the-top mansions for sale that go wild on social media. And the report confirms Southlake's expensive real estate market by stating the median home prices come out to nearly $1.25 million. The city's median rent price is also fairly high, at about $2,518 per month.

Now the city will be known as the hometown of Dallas Trinity FC's newest player: Lexi Missimo, who has previously played on the United States women's national soccer team.

Southlake was the only North Texas city to make the top 10, but other Dallas-Fort Worth suburbs to earn spots on the list include Colleyville (No. 36), Grand Prairie (No. 37), and University Park (No. 49). That's right, Southlake beat University Park.

The top 10 best suburbs to live in 2025 are:

No. 1 – Vienna, Virginia
No. 2 – Southlake, Texas
No. 3 – Lexington, Massachusetts
No. 4 – Garden City, Idaho
No. 5 – Winchester, Massachusetts
No. 6 – Beverly Hills, California
No. 7 – Brentwood, Missouri
No. 8 – Clayton, Missouri
No. 9 – Bethany, Oklahoma
No. 10 – Ladue, Missouri

suburbs southlake dallas reports real estate