When you’re looking for the perfect home, you’ll likely want to look at the luxury homes for sale in Houston. Finding just any home can be tough in a popular location like Texas. However, finding your dream home that will suit your needs is even harder. It’s not impossible, and you can have all the features you require with some of Houston’s best luxury homes.
In this post, we’ll explain the luxury home market in the Houston area. We’ll cover everything you need to know before you start house hunting in Houston. You will also learn some of the best options and neighborhoods for luxury properties. Plus, we’ll explain how to find the best luxury home listings.
Key Takeaways
- – Luxury homes in neighborhoods like River Oaks, Memorial Villages, Heights, and Montrose are popular in Houston
- – Finding an expert Houston realtor who understands the luxury market will help buyers succeed
- – Location and a value of at least $1 million usually define “luxury homes,” but some luxury properties can be found for less or much, much more.
- – Luxury homes have upscale features like name brand appliances, entertainment areas and offices, and pools
What’s the Current State of Luxury Real Estate in Houston?
Currently, there are approximately 300+ luxury homes available for purchase in Houston. The average asking price for these properties is approximately $2,500,000. The highest-priced property is an impressive $15,000,000.
Even the lowest-priced luxury home on the market is valued at a cool $1,200,000. When it comes to luxury living in Houston, the average price per square foot is around $600. This is based on listings featuring 5 beds, 5 baths, and 5,000 square feet of living space. Now, let’s delve deeper into the Houston luxury home market.
How Long Do Luxury Homes Stay on the Market in Houston?
Houston’s luxury real estate market is hot right now, with high demand from buyers seeking million-dollar dream homes. But exactly how fast do these exclusive properties sell in Houston once they’re listed?
The typical days on market for luxury homes varies based on price range and amenities. Here’s a closer look at how long high-end homes stay listed in Houston before going pending or selling.
$1 Million to $3 Million Luxury Homes
This price tier encompasses the upper bracket of Houston real estate. Homes typically have 4-6 bedrooms, 5-7 baths, and 4,000 to 8,000 square feet of living space. Upscale neighborhoods like River Oaks and Memorial Villages feature most listings in this range.
For pre-owned luxury homes priced $1 million to $3 million, the average days on market is 25-45 days. These homes sell quickly, as long as they are priced accurately and in good condition. Brand new construction may sell even faster.
$3 Million to $5 Million Ultra-Luxury Homes
As you enter the multi-million dollar price points, days on market increase slightly. $3-5 million properties in Houston’s most exclusive neighborhoods spend around 30-60 days listed before finding buyers. These ultra-luxury homes built by luxury home builders have premium features like home theaters, wine cellars, and guest houses on over 8,000 square feet.
Over $5 Million Elite Luxury Homes and Estates
At the highest peak of Houston’s luxury market, homes over $5 million sell in a longer 60-90+ day average window. This rarefied segment includes lavish, custom estates, mega-mansions behind gates, and trophy properties. With a smaller pool of buyers, more time is needed to find the ideal owner.
Who Can Assist You in Your Houston Luxury Home Search?
Your Home Sold Guaranteed Realty - Chris Schmidt Team is your go-to luxury real estate expert in the Houston area. Chris and his team know the ins and outs of buying luxury homes for sale in Houston.
Our team can guide you towards the perfect communities and locations that align with your family’s needs and desires. We pride ourselves on being responsive and available throughout your home search and buying process. We’re here to make your Houston luxury home search a breeze!
What Defines the Houston Luxury Real Estate Market?
In Houston, luxury homes are generally valued at over $1 million. However, it’s important to note that you can find many homes with luxury features below this price point. Just know they might not include all the amenities commonly associated with luxury real estate.
Location also plays a crucial role in the Houston luxury market. Highly sought-after areas like River Oaks and Memorial Villages are prime spots for buyers to scoop up the most beautiful homes. If you know exactly where you want to live, our team can help you find a home to suit your needs.
What Can You Expect When Buying a Luxury Home in the Houston Area
Luxury homes in Houston often provide upscale appliances from name brands like Viking, Wolf, Thermador, and Subzero. While you might occasionally find these appliances in budget-friendly homes, they’re more common in the luxury market.
Additionally, outdoor entertainment areas take center stage in these homes. Many have custom pools, built-in outdoor kitchens, firepits, and gas grills. The landscaping is meticulously planned by landscape architects. Luxury property owners take the time to create a stunning ambiance day and night.
Indoors, Houston luxury homes offer additional living spaces such as private offices, indoor gyms, and movie rooms with all the upscale features. Game rooms are also common, equipped with pool tables, pinball machines, ping pong tables, and foosball.
Purchasing a luxury home in Houston and its upscale neighborhoods ushers you into a world of lavish living and upscale amenities only the fortunate few can enjoy. Here’s an inside look at what you can expect when investing $1 million or more in Houston’s high-end real estate market.
Unparalleled Locations
Only Houston’s most exclusive neighborhoods can support multi-million dollar homes. Expect to find luxury properties in areas like River Oaks, Tanglewood, and Memorial Villages. Location determines much of a luxury home’s prestige. Being in a coveted area elevates your status.
Architectural Excellence
Luxury homes exhibit exquisite craftsmanship inside and out. Expect architectural designs from custom builders that impress at every turn, using top-tier materials like stone and wood to heighten the home’s air of elegance. Attention to detail is evident in custom finishes throughout.
Sprawling Square Footage
Spread out and enjoy Houston’s ample elbow room. Luxury homes typically span from 4,000 to over 10,000 square feet. Grand entryways lead to sprawling open concept layouts with soaring ceilings. Your home becomes a sanctuary for entertaining or your inner circle.
Resort-Style Outdoor Living
Your backyard becomes a private resort with pools, outdoor kitchens, lush landscaping, and patio areas made for relaxation and entertaining. Outdoor amenities are an extension of the luxury living experience. Fire pits, fountains, outdoor TVs, and more elevate al fresco fun. With all these amenities, maintaining a luxury home is challenging.
Smart Home Automation
Control your home environment with cutting-edge smart home tech. From automated climate and lighting to remote home access and security, luxury smart home technology and systems like Crestron put your Houston luxury home at your fingertips from anywhere.
Customized Premium Finishes
Expect to find premium finishes and interiors like quartz countertops, Sub-Zero appliances, mahogany doors, and designer fixtures that convey refined taste at every turn. Customize these finishes to suit your lifestyle and design vision.
Life’s finest comforts and conveniences surround you when you buy a luxury home in Houston. Work with a luxury real estate professional to make this elite lifestyle a reality today.
How Can You Easily Search for Luxury Homes in Houston?
With our help, it’s incredibly easy for you to find your dream luxury home in Houston. Our website helps with advanced and up-to-date search technology. We make sure home buyers and sellers can find exactly what they’re looking for with ease.
When you want to sell and move up to a luxury home, we can list your home for sale. In addition, we constantly update the site with the latest Houston luxury listing information. You can create customized searches and get notified about homes that match your criteria.
What Should You Know About Luxury Home Inspections in Houston?
Not all home inspectors are equally knowledgeable about luxury appliances, lighting, and plumbing systems. It’s crucial to hire an inspector with the right experience to thoroughly examine a house before you buy it.
Your Home Sold Guaranteed Realty - Chris Schmidt Team has a few trusted home inspectors that specialize in luxury Houston properties. We’ll help you find professionals who can provide a comprehensive inspection report. Keep in mind that luxury homes are often large and may require more time to inspect.
A good inspection gives you a detailed “to-do” list of items that may need updating or correction. Furthermore, there might be hidden issues that even the sellers weren’t aware of. These may require repair negotiations, which is where an experienced luxury realtor can help.
How Can Your Home Sold Guaranteed Realty - Chris Schmidt Team Assist You in Your Luxury Home Journey?
Your Home Sold Guaranteed Realty - Chris Schmidt Team gives you top-tier service. All our Houston luxury real estate customers love working with us. We’ve earned a reputation for reliability, loyalty, and discretion. This is especially important when you’re looking for luxury homes for sale.
We understand that privacy is key, and we’ll ensure your real estate transactions remain confidential. Whether you’re looking to buy or sell, we have the expertise to handle simultaneous transactions seamlessly.
Our experienced team will help you prepare for success. If you want help finding the right Houston luxury property for your needs, call us at 713-322-5604. You can also fill out the form on our website and we’ll reach out.
To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!