The entry-level luxury home price has soared by more than 60%, from $796,922 in July 2016 to $1.3 million in July 2025 Once the hallmark of luxury, million-dollar homes now make up 13% of U.S.

Luxury isn't a fixed price point, that's why Realtor.com®'s report defines it by the share of the most expensive homes, both nationwide and in each market. Nationally, a $1 million listing used to sit ...