Luxury real estate market in Houston growing by the mansion

  • A number of homes larger than 20,000 square feet are on the market.
  • The largest supply of $3 million to $5 million homes exists within the Woodlands, Tanglewood, Rivercrest and Memorial submarkets.
  • The average sale price for the most expensive five percent of homes in Houston is $1.4 million.

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The inventory of Houston homes priced at $1 million and above was recently up by nearly 30 percent year-over-year, as wealthy buyers are taking a cautious approach. Accounting for a portion of this inventory growth will be larger, $3 million-plus mansions, some of them historic, others relatively newly built.