- Luxury home sale prices rose 5.5% year over year to a median $1,278,950, a record high for October. Non-luxury home prices grew 1.8% to a median $373,249.
- Luxury home sales increased 2.9% year over year, while non-luxury sales rose 0.7%; both remain near decade-low October levels.
- Luxury inventory climbed 6.4% year over year, compared with a 9.5% increase in non-luxury inventory, with both categories posting their highest October levels in at least five years.
- Luxury home prices rose most in Warren, MI (+14.9%), Milwaukee (+13.5%), and San Jose, CA (+11.9%). The only declines were in Tampa, FL (-2.9%) and Oakland, CA (-2.4%).
U.S. luxury home sale prices rose 5.5% year over year to a median $1.28 million, a record high for the month of October. Luxury home prices are growing roughly three times faster than non-luxury prices, which rose 1.8% to a median of $373,249.
That’s according to an analysis of home sales from August through October 2025. Redfin defines luxury homes as those estimated to be in the top 5% of their metro area’s price range, while non-luxury homes fall into the middle 35th–65th percentile. All figures are based on rolling three-month periods and are subject to revision.