Luxury Home Prices Up 5% in September, Twice the Pace of Non-Luxury

The future belongs to those who see opportunities before they become obvious.” — John Sculley

New data from Redfin shows that the typical luxury home sold for $1.26 million in September 2025, up 4.8% from a year earlier and a record high for the month. This rate is just over twice the pace of price growth for non-luxury homes, which rose 1.8% year over year to a median price of $371,583.

Some takeaways:

• The typical U.S. luxury home sold for $1,262,000 in September, up 4.8% from a year earlier.

• Luxury home sales were essentially unchanged (+0.3%) from a year earlier.

• Non-luxury home sales fell 0.3% year over year, remaining near their lowest level since at least 2013.

• The typical luxury home took 52 days to go under contract, six days slower than last year. In comparison, non-luxury homes sold in a median of 43 days, seven days slower than a year ago.