10 US Cities Where Luxury Real Estate Prices Are Skyrocketing

Across the U.S., the cost to buy a luxury home has dipped. A recent Realtor.com report found that the national benchmark for luxury homes dropped by 1.6% to $1.22 million in October, down 2.2% from a year ago. However, several luxury markets are bucking the trend — and prices there are soaring.

Here’s a look at the 10 cities where luxury real estate prices are rising.

• Starting price for a luxury home: $1,667,143
• Year-over-year price change for the top 10% of listings: 19.3%

• Starting price for a luxury home: $6,500,000
• Year-over-year price change for the top 10% of listings: 8.4%

• Starting price for a luxury home: $1,054,960
• Year-over-year price change for the top 10% of listings: 8%

• Starting price for a luxury home: $1,896,863
• Year-over-year price change for the top 10% of listings: 7.1%

• Starting price for a luxury home: $1,339,526
• Year-over-year price change for the top 10% of listings: 3.1%

• Starting price for a luxury home: $995,404
• Year-over-year price change for the top 10% of listings: 2.7%

• Starting price for a luxury home: $990,350
• Year-over-year price change for the top 10% of listings: 1.9%

• Starting price for a luxury home: $933,364
• Year-over-year price change for the top 10% of listings: 1.8%

• Starting price for a luxury home: $4,824,500
• Year-over-year price change for the top 10% of listings: 1.7%

• Starting price for a luxury home: $1,592,687
• Year-over-year price change for the top 10% of listings: 1.2%

Editor’s note: Data was sourced from Realtor.com and is accurate as of October 2025.