real estate worth millions

Dallas sold the highest number of million-dollar homes in Texas in '24

3315 Gibsondell, Dallas Oak Cliff home for sale

There's no shortage of luxury homes in Dallas.

Photo courtesy of Realtor.com

A new report on the 2024 real estate scene reveals some astonishing high-dollar sales in the Texas market. According to the Texas Realtors' report on Sales of Million Dollar Homes in Texas, the number of homes that sold in the state for $1 million or more increased 10 percent from last year to reach its second-highest peak ever recorded.

According to the findings, which calculated sales data from November 2023 to October 2024, a total 12,888 homes sold for at least $1 million during this time, representing nearly 16 percent of all Texas residential home sales and accounting for $21.4 billion in economic activity.

That's the greatest increase since the period from November 2021 to October 2022, which holds the current statewide record of $22.6 billion.

May 2024 was the busiest month for Texas' luxury home sales. Nearly 1,580 homes were sold that month for $1 million or more. Meanwhile, January was the slowest month with only 610 million-dollar homes sold.

"The high end of the Texas real estate market continues to evolve," said Christy Gessler, Chairman of Texas Realtors, in a press release. "As prices rise, more homes cross the million-dollar threshold. Some are highly valued for their size or amenities, but with many, the key factor is location."

Luxury real estate performance in Dallas
The report further revealed that DFW ruled: The highest share (38.7 percent) of Texas luxury homes were located in the Dallas-Fort Worth-Arlington metropolitan statistical area (MSA), amounting to nearly $8.5 billion.

A total 4,992 luxury homes were sold throughout DFW from November 2023 to October 2024 — 14 percent more than the previous year. These million-dollar real estate purchases accounted for 19 percent of all residential sales dollar volume in the Metroplex.

The median size of a million-dollar home that sold in Dallas last October came out to 4,212 square feet — nearly twice as big as the median size of all residential homes sold for the month, a mere 2,089 square feet.

In a similar vein, the average price-per-square-foot for a luxury home sold in Dallas in October came out to $394, whereas the price-per-square-foot for all residential homes sold in the area was only $212.

Dallas' share of high-end homes can be located in various affluent areas, from a modern Grapevine ranch, to a '50's era Dallas home, or even a historic Oak Cliff estate.

Previously, Dallas ranked as the No. 12 U.S. city with the most million-dollar homes on the market.

Luxury real estate in other Texas metros
Houston-The Woodlands-Sugar Land came in second to Dallas-Fort Worth and contributed 26.2 percent of all million-dollar home sales in Texas. Austin-Round Rock had the third-highest share (19.1 percent) of statewide luxury real estate sales.

In Houston, 3.371 luxury homes were sold from October 2023 to November 2024, raking in $5.7 billion in total sales dollar volume. Meanwhile, 2,461 luxury homes were sold in the Austin area to bring in $4.1 billion, the report said.

Here's how the average price-per-square foot and median home size compared across these two Texas metros in October 2024:

$389 – average price per square foot for a million-dollar home in Houston
$510 – average price per square foot for a million-dollar home in Austin
4,406 square feet – median size of a luxury home in Houston
3,440 square feet – median size of a luxury home in Austin

Additionally, 5.1 percent of all million-dollar homes sold statewide were located in San Antonio-New Braunfels. That means 656 luxury homes were sold in this metro, which brought in $957 million. In a one-month analysis for October 2024, the median size of a million-dollar home sold in the Alamo City came out to 4,118 square feet, which sold for an average price of $357 per square foot.

Elsewhere in Texas, just under 11 percent of the state's luxury home sales were located outside the four biggest metros, or 1,408 homes.

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Celebrity listing

Miranda Lambert’s East Texas childhood home hits market for $1.6 million

18621 Country Rd 477-1, Lindale Miranda Lambert childhood home

Photo courtesy of Compass

Miranda Lambert's childhood home, at 18621 Country Rd. 477, in Lindale, Texas is for sale.

The 25-acre childhood homestead of country music star Miranda Lambert — whose popular ballad “The House That Built Me” very well could apply to the Grammy winner’s upbringing — is on the market in East Texas for nearly $1.6 million.

According to Mansion Global, Lambert and her parents, Beverly and Rick, have listed the estate nearly 30 years after the family bought the main residence there.

She and her family moved into the house when she was 14 years old. Lambert lived there till age 21, when she relocated to the adjacent “pink house,” which she purchased with money from her first big record deal.

Lambert still owns the “pink house,” and her parents have vacated the primary home but still own everything except their daughter’s house, Mansion Global reported. The property is in Lindale, about 90 miles east of Dallas.

Miranda Lambert received the 2023 TMAA for achievement in music and songwriting. Photo by Taylor Prinsen Photography

The main attractions at the four-bedroom, five-bathroom, 103-year-old property are its two cottage-style homes, stocked three-acre pond, and shooting range.

“The main residence showcases hardwood flooring, built-in cabinetry, textured walls, and vintage details that add character throughout,” says the listing from Lee Trowbridge of Compass. “Light-filled living spaces connect naturally to porches, decks, and courtyard areas, offering comfortable transitions between indoor and outdoor spaces.”

The second home offers views of the pond and its own outdoor areas.

The property, an old dairy farm at 18621 County Road 477, also includes:

A soaking tub in the primary bathroom.
An outdoor kitchen.
A brick courtyard.
A warehouse.
A shop with a bathroom and living quarters.
Three RV hookups.

“Experience this rare opportunity to enjoy land, water, multiple residences, and a piece of music history in a setting that feels both quiet and connected,” the listing says.

Part of Lambert’s music history is the 2009 song about “The House That Built Me,” which Tom Douglas and Allen Shamblin originally wrote for her first husband, country music star Blake Shelton.

When you read some of the lyrics of that tune, you can picture a young Lambert at the Lindale home:

I know they say you can’t go home again

I just had to come back one last time

Ma’am, I know you don’t know me from Adam

But these handprints on the front steps are mine

Up those stairs in that little back bedroom

Is where I did my homework and I learned to play guitar

And I bet you didn’t know under that live oak

My favorite dog is buried in the yard

Lambert maintains strong ties to her hometown. There, she owns the Pink Pistol boutique, located on Miranda Lambert Way, according to Mansion Global. The tasting room for Red 55 Winery, which Lambert and her family started in 2005, is attached to the boutique.

Photo courtesy of Compass

Miranda Lambert's childhood homestead, at 18621 Country Rd. 477, in Lindale, Texas is for sale.

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