Austin Ranks No. 10 Ranking Among U.S. Cities with The Most Million-dollar Homes.
Austin ranked No. 10 nationally with 24.7 percent of all active real estate listings for sale for over $1 million. No other Texas cities made the top 15.
The study looked at all available real estate for sale in the 30 largest, mid-size, and smallest cities in the United States, and categorized the listings by their $1-million-plus price tags.
In the category for the smallest U.S. cities, Grapevine ranked No. 13 with 13 percent of all real estate listings for sale worth over $1 million.
The largest cities also were analyzed for active real estate listings worth over $5 million.
The study admits that luxury homes worth over $5 million are the true indicator of what "real luxury" looks like specifically for the largest American cities. In Dallas, only 1.8 percent of real estate listings fit that criteria, earning the city No. 8. Austin, with 1.5 percent, land just behind Dallas, at No. 9.
The top 10 largest cities in the U.S. with the highest shares of luxury real estate listings worth over $5 million are:
- No. 1 – Los Angeles, California (11.6 percent)
- No. 2 – Boston, Massachusetts (9.4 percent)
- No. 3 – San Diego, California (7.6 percent)
- No. 4 – New York City, New York (7.4 percent)
- No. 5 – San Francisco, California (7.1 percent)
- No. 6 – Washington, D.C. (2.1 percent)
- No. 7 – Seattle, Washington (2.0 percent)
- No. 8 – Dallas, Texas (1.8 percent)
- No. 9 – Austin, Texas (1.5 percent)
- No. 10 – San Jose, California (1.1 percent)
See all of our Luxury Homes for sale Here.
The full report and its methodology can be found on Point 2 Homes.
