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Luxury Home Prices Soar 4.8% Amid Market Shift

11/3/2025

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Summary

Story summary

In November 2025, U.S. luxury home prices reached record highs with a median of $1.26 million, up 4.8%.
Non-luxury homes rose 1.8%, underscoring a widening market gap.
High-net-worth buyers drive the trend, often ignoring high borrowing costs.
Detroit has emerged as a top luxury market, overtaking St. Louis due to affordable prices attracting buyers.

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Story summary

In November 2025, U.S. luxury home prices reached record highs with a median of $1.26 million, up 4.8%.
Non-luxury homes rose 1.8%, underscoring a widening market gap.
High-net-worth buyers drive the trend, often ignoring high borrowing costs.
Detroit has emerged as a top luxury market, overtaking St. Louis due to affordable prices attracting buyers.