U.S. Luxury Home Prices Reach Record Highs in September
The U.S. luxury housing market showed strong price growth in September, with the median sale price reaching $1.26 million—an increase of 4.8% from the previous year and a record high for the month. While luxury sales remained mostly flat, the top end of the market continues to show resilience as wealthy buyers move decisively, often paying cash or leveraging stock market gains. In contrast, non-luxury home prices rose only 1.8%, highlighting the widening gap between high-end and mid-tier housing.
Key Points:
• The typical U.S. luxury home sold for $1.26 million in September, up 4.8% year over year.
• Luxury home sales held steady at +0.3%, while non-luxury sales slipped 0.3%.
• Inventory of luxury homes rose 7.7% from last year, reaching its highest September level since 2020.
• West Palm Beach led luxury price gains (+14.8%), while Tampa saw the largest decline (-3.3%).
As affluent buyers remain active and supply inches upward, the luxury housing market is proving more insulated from broader affordability pressures. Continued buyer confidence and limited inventory suggest that high-end home prices may remain elevated through the end of the year.
By: Mark Worley | Redfin News | October 30, 2025
Photo: Courtesy of Unsplash / Luxury Presence