These Luxury Markets of North America Have the Highest Median Home Sales Prices

In 2024, luxury real estate was resilient across North American markets even while facing factors like economic uncertainty, higher interest rates and evolving homebuyer demands. In fact, the luxury market held steady with increased inventory, a greater rate of sales and relatively stable prices.

This is according to a new report from the Institute for Luxury Home Marketing, which partnered with The RE/MAX Collection – the RE/MAX brand’s exclusive luxury real estate division – to analyze market data and provide a clear view into the state of high-end housing.

A few key findings among the surveyed top residential markets in the U.S. and Canada:

• 3,222: the average size (in square feet) of luxury single-family homes in 2024.
• $1,293,551: the median sales price (in USD) for luxury single-family homes in 2024.
• 15: the percentage increase in new luxury listings from 2023 to 2024 across North America.

Check out the surveyed markets with the highest median sales prices for single-family and attached homes, based on the report’s 2024 data:

1. Telluride, Colorado
Median price: $5,390,222 USD

2. Whistler, British Columbia
Median price: $4,743,125 USD

3. Los Angeles Beach Cities, California
Median price across the area’s coastal cities: $3,960,080 USD

4. Naples, Florida
Median price: $3,889,722 USD

1. Whistler, British Columbia
Median price: $2,470,167 USD

2. San Francisco, California
Median price: $2,378,167 USD

3. Naples, Florida
Median price: $2,326,353 USD

4.  Telluride, Colorado
Median price: $2,239,091 USD

As 2025 progresses, the report cites homebuyer confidence and a continued hope for easing interest rates as factors encouraging luxury market activity this year, although cash deals remain a staple in the sector. What discerning clientele are seeking in a high-end home continues to evolve.

Lifestyle-driven properties persist in the luxury realm’s prominence. Report findings show that properties offering unique amenities and access to life-enhancing experiences are highly sought after in today’s market – along with sustainability features, which include energy-efficient designs, net-zero emission homes and green building practices to combat local environmental concerns.

Smart home technology – including features powered by AI – is expected to become even more anticipated in luxury listings, too.

When buying or selling a luxury home, it’s essential to work with a trusted professional who can guide the transaction with experience and expertise. Head over to The RE/MAX Collection and connect with a RE/MAX agent today.

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