15 US Cities Where Luxury Homes Are Valued at $2 Million or More

According to Zillow data, the typical luxury home is worth $1.8 million nationwide. These same homes are worth even more money in the nation’s largest metros. Luxury homes in 15 real estate markets identified by Zillow are valued at anywhere from $2 million to nearly $6 million.

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Which luxury markets are they talking about? See the 15 cities where luxury homes are valued at $2 million or more, ranked from most to least expensive homes.

NicolasMcComber / Getty Images/iStockphoto
NicolasMcComber / Getty Images/iStockphoto

  • Typical luxury home value: $5,923,483

  • Luxury home value change (YoY): 4.2%

  • Share of luxury listings with a price cut: 15.9%

  • Luxury homes, median days to pending: 10

  • Luxury homes, inventory change (YoY): 23.8%

  • Luxury homes, new listings change (YoY): 11.1%

  • Luxury homes, newly pending listings change (YoY): 35.5%

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frankpeters / Getty Images/iStockphoto
frankpeters / Getty Images/iStockphoto

  • Typical luxury home value: $5,127,335

  • Luxury home value change (YoY): 1.3%

  • Share of luxury listings with a price cut: 18.4%

  • Luxury homes, median days to pending: 29

  • Luxury homes, inventory change (YoY): 30.8%

  • Luxury homes, new listings change (YoY): 14.2%

  • Luxury homes, newly pending listings change (YoY): -13.8%

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Alex Potemkin / Getty Images
Alex Potemkin / Getty Images

  • Typical luxury home value: $4,833,421

  • Luxury home value change (YoY): 2%

  • Share of luxury listings with a price cut: 17.4%

  • Luxury homes, median days to pending: 13

  • Luxury homes, inventory change (YoY): 5%

  • Luxury homes, new listings change (YoY): 0.7%

  • Luxury homes, newly pending listings change (YoY): -4.4%

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

  • Typical luxury home value: $4,552,407

  • Luxury home value change (YoY): -0.5%

  • Share of luxury listings with a price cut: 17.5%

  • Luxury homes, median days to pending: 82

  • Luxury homes, inventory change (YoY): -0.6%

  • Luxury homes, new listings change (YoY): -11.9%

  • Luxury homes, newly pending listings change (YoY): -29%

f8grapher / Getty Images
f8grapher / Getty Images

  • Typical luxury home value: $4,160,165

  • Luxury home value change (YoY): 0.7%

  • Share of luxury listings with a price cut: 21.6%

  • Luxury homes, median days to pending: 18

  • Luxury homes, inventory change (YoY): 20%

  • Luxury homes, new listings change (YoY): 13%

  • Luxury homes, newly pending listings change (YoY): -12.1%

Be Aware: 5 Types of Homes Expected To Plummet in Value by the End of 2025

FilippoBacci / Getty Images/iStockphoto
FilippoBacci / Getty Images/iStockphoto

  • Typical luxury home value: $3,976,247

  • Luxury home value change (YoY): 4.7%

  • Share of luxury listings with a price cut: 11.7%

  • Luxury homes, median days to pending: 37

  • Luxury homes, inventory change (YoY): -14.3%

  • Luxury homes, new listings change (YoY): -15.2%

  • Luxury homes, newly pending listings change (YoY): -18.3%

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