Redfin Reports U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
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%). SEATTLE--(BUSINESS WIRE)--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, according to a new report from Redfin, the real estate brokerage powered by Rocket. 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
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