Overview

• Nationwide entry-level luxury begins just under $1.3 million at the 90th percentile, with high-end starting at $2.0 million and ultra-luxury just under $5.5 million.
• A $1 million listing no longer qualifies as luxury nationally, with 145,006 seven-figure listings making up about 13.2% of active inventory in July.
• The entry-level luxury cutoff has climbed more than 60% since 2016, rising from roughly $796,922 to about $1.3 million.
• Local thresholds vary widely, led by Rifle, Colorado at $16,475,000, followed by Heber, Utah at $6,800,000 and the Los Angeles metro near $3,995,000.
• The analysis is based on Realtor.com MLS-fed active listing prices using 90th, 95th, and 99th percentiles, with most new construction excluded unless listed on participating MLSs.