31 Cities Where Luxury Home Values Are Soaring

The luxury home market typically grows at a slower pace than the overall housing market, as there are fewer buyers who can afford to purchase a home priced in the top 5% of homes in a given region. However, luxury home prices are now rising at a faster rate than the market as a whole, according to a new Zillow report.

Luxury home values across the U.S. are now 3.9% higher than a year ago, while the typical U.S. home value has increased by 3.2%. And luxury home values are rising at rates even higher than the national average in several major markets across the country.

Here’s a look at the cities where luxury home values are soaring.

• Typical luxury home value: $1,152,228
• Luxury home value change year over year: 16.5%

• Typical luxury home value: $1,004,138
• Luxury home value change year over year: 8.6%

• Typical luxury home value: $1,607,506
• Luxury home value change year over year: 7.9%

• Typical luxury home value: $1,861,985
• Luxury home value change year over year: 7.8%

• Typical luxury home value: $1,587,199
• Luxury home value change year over year: 7.5%

• Typical luxury home value: $2,037,033
• Luxury home value change year over year: 7.1%

• Typical luxury home value: $810,190
• Luxury home value change year over year: 7.1%

• Typical luxury home value: $1,489,123
• Luxury home value change year over year: 6.9%

• Typical luxury home value: $5,330,815
• Luxury home value change year over year: 6.4%

• Typical luxury home value: $3,799,265
• Luxury home value change year over year: 5.9%

• Typical luxury home value: $2,698,471
• Luxury home value change year over year: 5.8%

• Typical luxury home value: $1,343,781
• Luxury home value change year over year: 5.6%

• Typical luxury home value: $1,227,058
• Luxury home value change year over year: 5.6%

• Typical luxury home value: $1,234,835
• Luxury home value change year over year: 5.5%

• Typical luxury home value: $1,635,382
• Luxury home value change year over year: 5.3%

• Typical luxury home value: $949,801
• Luxury home value change year over year: 5.3%

• Typical luxury home value: $839,418
• Luxury home value change year over year: 5.2%

• Typical luxury home value: $1,457,787
• Luxury home value change year over year: 5%

• Typical luxury home value: $748,623
• Luxury home value change year over year: 4.9%

• Typical luxury home value: $1,415,411
• Luxury home value change year over year: 4.8%

• Typical luxury home value: $1,002,017
• Luxury home value change year over year: 4.8%

• Typical luxury home value: $1,425,759
• Luxury home value change year over year: 4.7%

• Typical luxury home value: $1,269,418
• Luxury home value change year over year: 4.6%

• Typical luxury home value: $1,692,781
• Luxury home value change year over year: 4.6%

• Typical luxury home value: $1,329,549
• Luxury home value change year over year: 4.6%

• Typical luxury home value: $2,927,108
• Luxury home value change year over year: 4.5%

• Typical luxury home value: $1,041,851
• Luxury home value change year over year: 4.4%

• Typical luxury home value: $1,014,617
• Luxury home value change year over year: 4.4%

• Typical luxury home value: $1,646,706
• Luxury home value change year over year: 4.3%

• Typical luxury home value: $1,600,130
• Luxury home value change year over year: 4%

• Typical luxury home value: $1,124,634
• Luxury home value change year over year: 4%

Data is sourced from Zillow and is accurate as of July 31, 2024.