10 US Cities Where Luxury Real Estate Prices Are Skyrocketing

VistaBee / Compass

Across the U.S., the cost to buy a luxury home has dipped. A recent Realtor.com report found that the national benchmark for luxury homes dropped by 1.6% to $1.22 million in October, down 2.2% from a year ago. However, several luxury markets are bucking the trend — and prices there are soaring.

Here’s a look at the 10 cities where luxury real estate prices are rising.

Sean Pavone / Getty Images/iStockphoto

1. North Port-Bradenton-Sarasota, Florida

• Starting price for a luxury home: $1,667,143
• Year-over-year price change for the top 10% of listings: 19.3%

Check Out: I’m a Luxury Travel Agent: These Are the Destinations My Wealthy Clients Are Booking for 2026

Read Next: 6 Subtly Genius Moves All Wealthy People Make With Their Money

Shutterstock.com

2. Heber, Utah

• Starting price for a luxury home: $6,500,000
• Year-over-year price change for the top 10% of listings: 8.4%

Susanne Pommer / Shutterstock.com

3. Tampa-St. Petersburg-Clearwater, Florida

• Starting price for a luxury home: $1,054,960
• Year-over-year price change for the top 10% of listings: 8%

Shutterstock.com

4. Bend, Oregon

• Starting price for a luxury home: $1,896,863
• Year-over-year price change for the top 10% of listings: 7.1%

Zillow

5. Boise City, Idaho

• Starting price for a luxury home: $1,339,526
• Year-over-year price change for the top 10% of listings: 3.1%

Gian Lorenzo Ferretti Photograph / Getty Images

6. Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin

• Starting price for a luxury home: $995,404
• Year-over-year price change for the top 10% of listings: 2.7%

Zillow

7. Dallas-Fort Worth-Arlington, Texas

• Starting price for a luxury home: $990,350
• Year-over-year price change for the top 10% of listings: 1.9%

Zillow

8. Atlanta-Sandy Springs-Roswell, Georgia

• Starting price for a luxury home: $933,364
• Year-over-year price change for the top 10% of listings: 1.8%

Shutterstock.com

9. Key West-Key Largo, Florida

• Starting price for a luxury home: $4,824,500
• Year-over-year price change for the top 10% of listings: 1.7%

Redfin

10. Nashville-Davidson-Murfreesboro-Franklin, Tennessee

• Starting price for a luxury home: $1,592,687
• Year-over-year price change for the top 10% of listings: 1.2%

Editor’s note: Data was sourced from Realtor.com and is accurate as of October 2025.

More From GOBankingRates

• 10 Kirkland Products Costco Quietly Raised Prices on -- and Where To Buy Instead 
• 5 Reliable Cars That Will Have Massive Price Drops in Winter 2025
• 9 Low-Effort Ways To Make Passive Income (You Can Start This Week) 
• 6 Safe Accounts Proven to Grow Your Money Up to 13x Faster 

This article originally appeared on GOBankingRates.com: 10 US Cities Where Luxury Real Estate Prices Are Skyrocketing