15 US Cities Where Luxury Homes Are Valued at $2 Million or More

According to Zillow data, the typical luxury home is worth $1.8 million nationwide. These same homes are worth even more money in the nation’s largest metros. Luxury homes in 15 real estate markets identified by Zillow are valued at anywhere from $2 million to nearly $6 million. 

Which luxury markets are they talking about? See the 15 cities where luxury homes are valued at $2 million or more, ranked from most to least expensive homes.

• Typical luxury home value: $5,923,483
• Luxury home value change (YoY): 4.2%
• Share of luxury listings with a price cut: 15.9%
• Luxury homes, median days to pending: 10
• Luxury homes, inventory change (YoY): 23.8%
• Luxury homes, new listings change (YoY): 11.1%
• Luxury homes, newly pending listings change (YoY): 35.5%

• Typical luxury home value: $5,127,335
• Luxury home value change (YoY): 1.3%
• Share of luxury listings with a price cut: 18.4%
• Luxury homes, median days to pending: 29
• Luxury homes, inventory change (YoY): 30.8%
• Luxury homes, new listings change (YoY): 14.2%
• Luxury homes, newly pending listings change (YoY): -13.8%

• Typical luxury home value: $4,833,421
• Luxury home value change (YoY): 2%
• Share of luxury listings with a price cut: 17.4%
• Luxury homes, median days to pending: 13
• Luxury homes, inventory change (YoY): 5%
• Luxury homes, new listings change (YoY): 0.7%
• Luxury homes, newly pending listings change (YoY): -4.4%

• Typical luxury home value: $4,552,407
• Luxury home value change (YoY): -0.5%
• Share of luxury listings with a price cut: 17.5%
• Luxury homes, median days to pending: 82
• Luxury homes, inventory change (YoY): -0.6%
• Luxury homes, new listings change (YoY): -11.9%
• Luxury homes, newly pending listings change (YoY): -29%

• Typical luxury home value: $4,160,165
• Luxury home value change (YoY): 0.7%
• Share of luxury listings with a price cut: 21.6%
• Luxury homes, median days to pending: 18
• Luxury homes, inventory change (YoY): 20%
• Luxury homes, new listings change (YoY): 13%
• Luxury homes, newly pending listings change (YoY): -12.1%

• Typical luxury home value: $3,976,247
• Luxury home value change (YoY): 4.7%
• Share of luxury listings with a price cut: 11.7%
• Luxury homes, median days to pending: 37
• Luxury homes, inventory change (YoY): -14.3%
• Luxury homes, new listings change (YoY): -15.2%
• Luxury homes, newly pending listings change (YoY): -18.3%

• Typical luxury home value: $3,249,761
• Luxury home value change (YoY): 4.3%
• Share of luxury listings with a price cut: 19.6%
• Luxury homes, median days to pending: 11
• Luxury homes, inventory change (YoY): 16.6%
• Luxury homes, new listings change (YoY): 5.4%
• Luxury homes, newly pending listings change (YoY): -25.2%

• Typical luxury home value: $3,033,002
• Luxury home value change (YoY): 5.1%
• Share of luxury listings with a price cut: 17.1%
• Luxury homes, median days to pending: 12
• Luxury homes, inventory change (YoY): 3.9%
• Luxury homes, new listings change (YoY): 12.6%
• Luxury homes, newly pending listings change (YoY): -9.4%

• Typical luxury home value: $2,469,719
• Luxury home value change (YoY): -2.1%
• Share of luxury listings with a price cut: 22.2%
• Luxury homes, median days to pending: 43
• Luxury homes, inventory change (YoY): -7.2%
• Luxury homes, new listings change (YoY): -8.5%
• Luxury homes, newly pending listings change (YoY): -22.9%

• Typical luxury home value: $2,397,091
• Luxury home value change (YoY): 4.9%
• Share of luxury listings with a price cut: 24.9%
• Luxury homes, median days to pending: 24
• Luxury homes, inventory change (YoY): -10.9%
• Luxury homes, new listings change (YoY): -16.7%
• Luxury homes, newly pending listings change (YoY): -36.6%

• Typical luxury home value: $2,282,646
• Luxury home value change (YoY): 3.7%
• Share of luxury listings with a price cut: 33.6%
• Luxury homes, median days to pending: 33
• Luxury homes, inventory change (YoY): 7.7%
• Luxury homes, new listings change (YoY): -9.9%
• Luxury homes, newly pending listings change (YoY): -20.8%

• Typical luxury home value: $2,271,449
• Luxury home value change (YoY): 3.8%
• Share of luxury listings with a price cut: 24.2%
• Luxury homes, median days to pending: 9
• Luxury homes, inventory change (YoY): 9.8%
• Luxury homes, new listings change (YoY): 3.7%
• Luxury homes, newly pending listings change (YoY): -21.4%

• Typical luxury home value: $2,240,439
• Luxury home value change (YoY): 0.7%
• Share of luxury listings with a price cut: 25.7%
• Luxury homes, median days to pending: 14
• Luxury homes, inventory change (YoY): 12.2%
• Luxury homes, new listings change (YoY): 6.9%
• Luxury homes, newly pending listings change (YoY): -11%

• Typical luxury home value: $2,169,309
• Luxury home value change (YoY): 1.5%
• Share of luxury listings with a price cut: 20.6%
• Luxury homes, median days to pending: 10
• Luxury homes, inventory change (YoY): 3.1%
• Luxury homes, new listings change (YoY): 5.8%
• Luxury homes, newly pending listings change (YoY): -17.4%

• Typical luxury home value: $2,095,252
• Luxury home value change (YoY): 4.6%
• Share of luxury listings with a price cut: 11.7%
• Luxury homes, median days to pending: 13
• Luxury homes, inventory change (YoY): 35.1%
• Luxury homes, new listings change (YoY): 66.7%
• Luxury homes, newly pending listings change (YoY): 9.8%