A recent Mansion Global article was posted talking about how River Oaks is the "Beverly Hills of Houston" so I wanted to share some insights into our luxury market here in Houston.
Houston’s luxury real estate market continues to evolve, with the Prime ($5M+) and Super Prime ($10M+) sectors seeing notable shifts in recent years. Whether you’re an investor, developer, or luxury homebuyer, understanding these trends can help you navigate opportunities in this exclusive segment.
Key Luxury Market Areas
While high-end properties can be found across the city, three primary areas dominate the ultra-luxury space:
✅ Memorial Close-In
✅ Memorial Villages
✅ River Oaks
For homes priced around $5 million, the market expands slightly to include the following areas among some others:
🔹 West University
🔹 Memorial Park
🔹 Museum District/Rice University
🔹 Tanglewood
However, once price points exceed $10 million, the majority of transactions remain concentrated in the three core ultra-luxury neighborhoods.
Record-Breaking Sales & Rising Price Points
Houston has seen a growing number of sales above $10 million—and even above $20 million. While many ultra-high-end deals happen off-market, the past two years have marked a significant shift, with the first two MLS-recorded sales above $20 million.
Developers are responding to this momentum by pushing price ceilings higher, introducing new builds that cater to the evolving expectations of affluent buyers. As the market matures, we anticipate even more activity in this segment moving forward.
Sales Trends for $5M - $9M Homes
Recent data shows notable trends in the $5M-$9M price bracket, particularly in Memorial Close-In, Memorial Villages, and River Oaks. Below is a breakdown of sales activity as of 1/17/2025:
Sales Trends for $9M+ Homes
Recent data shows notable trends in the $9M+ price bracket shows these homes are primarily found in Memorial Close-In, Memorial Villages, and River Oaks. Below is a breakdown of sales activity as of 1/17/2025:
Explore the Data
The data above is sourced directly from the MLS and does not take into account any transactions that occurred off market. If you'd like to go into a deeper dive into the numbers, sales activity, and the latest luxury listings, reach out and I'll be happy to walk you through the details.
Houston’s ultra-luxury market is thriving—let’s connect if you’re considering opportunities in this space!
