Press release
Realtor.com®: Where $1 Million Buys the Most Space - from 4,500 Sq. Ft. in Atlanta to only 1,700 in Honolulu
Buyers in Atlanta, Denver, and Dallas get the most space for their money as luxury home prices ease 2.4% year over year nationwide AUSTIN, Texas, Oct. 27,
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[{"type":"text","content":"\n Buyers in Atlanta, Denver, and Dallas get the most space for their money as luxury home prices ease 2.4% year over year nationwide\n \n \n AUSTIN, Texas, Oct. 27, 2025 /PRNewswire/ -- While the national entry point for luxury homes edged down slightly in September, buyers shopping with a million-dollar budget are finding that their money stretches much further in some parts of the country than others. According to the latest Realtor.com® Housing Market Luxury Report, buyers in metros such as Atlanta, Denver, and Houston can get significantly more space for the same $1–$2 million price range – often more than twice the square footage available in coastal markets like San Francisco or Honolulu.\n The report also shows the top end of the market continues to show signs of moderation. The national luxury benchmark – defined as the 90th percentile of listing prices – dipped -0.5% month over month and -2.4% year over year to $1.24 million.\n \"We're seeing a healthy rebalancing in the luxury home market after years of volatility,\" said Danielle Hale, chief economist at Realtor.com®. \"The modest softening in luxury prices points to a market where buyers and sellers are adjusting expectations in line with broader economic conditions. In many cases, demand remains strong for well-priced homes, especially those that deliver distinctive space, quality or location.\"\n \n National luxury market continues to normalize, with modest price declines and slightly longer time on marketIn September, the national luxury price threshold fell to $1.24 million (from $1.25 million in August), marking a fourth consecutive month of slight declines. The high-end luxury tier (95th percentile) dropped 1.2% to $1.95 million, while the ultra-luxury segment (99th percentile) dipped 0.2% to $5.41 million.\n Luxury homes also continue to take longer to sell compared with the overall market – roughly 20 days longer for the 90th percentile and up to 50 days longer for the top 1% of listings. In September, luxury homes spent a median of 79 days on the market, one day longer than August and five days longer than a year ago. However, these longer timelines are consistent with historic norms and reflect the more selective nature of luxury transactions.\n Santa Barbara, Calif., claims the top spot as the nation's most expensive luxury market, with the top 10% of lis...