Luxury Home Prices Fall 30 Months Straight; Schools Vary Widely
Austin, Texas – October 14, 2026 -- Buying a luxury home now costs 3.6% less than a year ago: the national entry point to luxury housing slipped to $1,199,321 in September, the 30th consecutive month of annual price declines, according to the Realtor.com® September Luxury Housing Report.
Every luxury tier is cheaper, yet homes sell faster
The threshold for the top 5% of listings fell 3.5% from a year ago, and the top 1% fell 5.3%. Even so, listings at the 90th percentile spent a median of 76 days on the market, three days fewer than last September. That is two days more than in August. The luxury entry point is the lowest since January 2023 and 14.1% below its May 2023 peak of roughly $1.4 million.
The million-dollar listing share dropped to 12.5%. Million-dollar listings rose 1.2% from last year, while total active listings rose 5.4%.