Here is a synopsis of the current state of luxury home sales in the U.S., and also in the Greater Sacramento region.
This data is based on a survey of 22,922 luxury homes that are currently on the market in the U.S. These luxury homes are all listed for at least $500,000 in the top 10 zip codes in 31 major metropolitan housing markets around the U.S.
To put these numbers in perspective, the median list price in Sacramento is now $269,900, with an average price per square foot of $186 and
Median listing price for all luxury homes.
Current median price per square foot for all luxury homes for sale.
Average days on market for all current luxury home inventory.
Percentage of listed properties that have had at least one price reduction.
Percentage of properties that were relisted, effectively resetting their DOM (Days o Market)
Proportion of luxury homes that were flipped – or fixed up and relisted.
Average number of luxury homes that sell each week
Average new listings per week hitting the luxury market.
Median square footage of all luxury homes for sale
0.50 – 1.0
Property size in acres of median luxury home for sale
Age of average luxury home for sale
Percent of luxury homebuyers with household incomes of $200,000 or more
Percent of all buyers who purchased luxury homes worth $500,000 or more
Percent of buyers who purchased home with 3,501 or more square feet
Market Action Index rating for the luxury housing market. Any rating below 30 means it is a buyer’s market, but at 28, it is still relatively balanced
Median price for all luxury homes in Sacramento, El Dorado, Placer counties and Lake Tahoe. (The Greater Sacramento region.)
Median square footage for all luxury homes in the Greater Sacramento region.
Number of luxury homes for sale in the Greater Sacramento region.
New luxury listings per week in the Greater Sacramento region.
Luxury homes sold weekly in the Greater Sacramento region.
Average days on market for all luxury listings in the Greater Sacramento region.