Yes. Between July 18 and August 17, 2026, 138 Dallas homes closed above $1 million, at a median sale price of $1.7 million and $291 million in combined closed volume. That is 18% of every residential closing recorded in the city over those thirty days — roughly one in five.
Those figures come from NTREIS Matrix, the North Texas MLS, pulled on August 21, 2026 for residential closings inside the Dallas city limits. They are counts of completed transactions, not asking prices and not projections.
How many Dallas homes actually closed above $1 million?
138, out of 759 total residential closings in the same thirty-day window.
The distribution matters more than the headline. Activity above $1 million is not concentrated at the top — it is concentrated at the bottom of the range:
- $1M–$1.5M — 47 closings (34%). The largest single band.
- $1.5M–$2M — 40 closings (29%).
- $2M–$3M — 27 closings (20%).
- $3M–$5M — 20 closings (14%).
- Above $5M — 4 closings (3%).
Nearly two-thirds of Dallas homes that sold above $1 million sold below $2 million. When people picture this end of the market, they tend to picture the four sales above $5 million. The volume is somewhere else entirely.
What is the median price of a Dallas home over $1 million?
$1,700,000. The average was $2,109,370, pulled upward by the top of the range, which is why the median is the number to trust.
The full range ran from $1,000,000 on Ridgeview Circle in Northwood Homes to $9,145,682 on Cochran Chapel Road — an 11,056-square-foot property that was the highest recorded closing in the city during the window. Median price per square foot across all 138 closings was $449.
Anyone comparing a specific property to “the market” should compare it to $1.7 million and $449 a foot, not to the $9 million outlier. That gap is where most pricing mistakes start.
How much is currently for sale above $1 million in Dallas?
664 active listings, as of the same pull. Total active residential inventory in Dallas is 4,086, so homes priced at $1 million or more make up 16% of everything currently on the market.
Set the 664 active listings against the 138 that closed in thirty days and you get roughly 4.8 months of supply above $1 million. That is the single most useful number in this entire post, because it is the one that tells a buyer or a seller which side of the table has leverage.
Is Dallas above $1 million a buyer’s market or a seller’s market?
Neither, cleanly. Four to six months of supply is the conventional definition of a balanced market. At 4.8 months, homes over $1 million in Dallas sit near the middle of that band — tilted very slightly toward buyers, and a long way from the two-month, multiple-offer conditions of a few years ago.
Balanced does not mean slow. It means a correctly priced home still sells, and an optimistically priced one sits. Both things are true at the same time, which is why national headlines about “the housing market” are close to useless at this price point in this city.
Financing context supports the same read. Freddie Mac’s Primary Mortgage Market Survey put the 30-year fixed rate at 6.65% on August 20, 2026, down for a second consecutive week and essentially flat against 6.58% a year earlier. Rates are not falling fast enough to create urgency and not rising fast enough to freeze anyone out. Buyers above $1 million are frequently bringing large down payments or paying cash, so rate movement of a few basis points changes their monthly math far less than it changes a first-time buyer’s.
What this means if you are selling above $1 million
The market is absorbing homes at this level steadily. It is not absorbing wishful pricing.
- Price against closings, not against active listings. Active listings tell you what sellers hope for. The 138 closings tell you what buyers agreed to.
- Expect a real marketing period. At 4.8 months of supply, a home priced correctly still needs time and exposure. Budget for it rather than discovering it.
- Condition is doing more work than it did in 2021. With 664 comparable options available, buyers are no longer overlooking deferred maintenance to win a house.
- Watch your specific band. A $1.3 million home is competing inside the busiest band in the market. A $3.5 million home is competing inside a band with 20 closings in thirty days. Those are different assignments.
What this means if you are buying above $1 million
You have 664 homes to choose from and the time to look at them properly — an advantage that did not exist in this market three years ago.
- You can write reasonable contingencies again. Inspection and financing terms are negotiable in a balanced market in a way they were not at two months of supply.
- Days on market is information, not a warning. A home sitting for 60 days at this level often reflects a pricing decision, not a defect.
- Verify the comparable set. The median is $1.7 million citywide, but Preston Hollow, Lakewood, Bluffview, and North Dallas each price differently. Citywide medians are a starting point, never an answer.
How we read this at The Agency Dallas
We work in this segment every week, so we can put the firm’s own book next to the public data. Across the same window, The Agency Dallas closed 36 sales totaling $32.4 million, and eight of those were homes over $1 million in Dallas and the surrounding North Texas market — $19.1 million of the total. Year to date the firm has closed 360 sales for $304.7 million, of which 78 sales at $1 million and above account for $165.7 million.
We publish those figures for a specific reason. Anyone can describe a market in adjectives. What is useful to a neighbor deciding whether to sell this fall is a number with a date and a source attached to it, and a firm willing to show its own transaction record alongside the MLS. That is the standard The Agency Dallas holds itself to whenever we publish anything about homes over $1 million in Dallas, and it is the standard worth applying to any market commentary you read, including this one.
If you want the same analysis narrowed to your street rather than the whole city, that is a conversation worth having — no obligation attached to it.
Frequently asked questions
How many homes over $1 million sold in Dallas in the last 30 days?
138 residential properties closed above $1 million inside the Dallas city limits between July 18 and August 17, 2026, according to NTREIS Matrix. Combined closed volume was $291 million. That represents 18% of the 759 total residential closings recorded in the city during the same thirty-day period.
What is the median price of a million-dollar home in Dallas?
The median closing price among Dallas homes that sold above $1 million was $1,700,000, with a median of $449 per square foot. The average was higher at $2,109,370 because a small number of very large sales pull the average upward. For comparing an individual property, the median is the more reliable figure.
How many homes over $1 million are for sale in Dallas right now?
664 active listings were priced at $1 million or more as of August 21, 2026, out of 4,086 total active residential listings in Dallas. Homes at that price point therefore make up roughly 16% of everything currently available on the market inside the city.
Is it a good time to sell a home over $1 million in Dallas?
Supply above $1 million sits at roughly 4.8 months, which is within the range conventionally considered balanced. Correctly priced homes are closing at a steady pace, and overpriced homes are sitting. Timing matters less than pricing and condition in a market at this level of supply.
What was the most expensive Dallas home sale in the last 30 days?
A property on Cochran Chapel Road closed at $9,145,682. At 11,056 square feet, it was the largest and highest-priced residential closing recorded inside Dallas city limits during the July 18 to August 17, 2026 window. Only four Dallas homes closed above $5 million in that period.
Do mortgage rates affect the market above $1 million?
Less than they affect entry-level pricing. Freddie Mac reported the 30-year fixed rate at 6.65% on August 20, 2026, down for a second straight week and close to the 6.58% recorded a year earlier. Many buyers at this price point pay cash or make large down payments, muting the effect of small rate moves.
Sources and method
Closing and inventory counts: NTREIS Matrix (Cotality v12.7), Residential, City = Dallas, Closed 07/18/2026–08/17/2026, pulled August 21, 2026. Firm production figures: Brokermint, Agency Dallas Park Cities LLC production detail report, pulled August 17, 2026 and current through closings of August 14, 2026. Mortgage rates: Freddie Mac Primary Mortgage Market Survey, August 20, 2026.
One disclosure carried forward from the source data: the 138-record MLS result contains a single duplicate, a Crooked Creek Drive property that appears under two MLS numbers at $3,770,000. Deduplicated, the set is 137 unique properties totaling $287.3 million. This post uses the MLS-reported 138 because that is the figure anyone verifying the claim will see. The median and the median price per square foot are unchanged either way.
