United States Luxury Real Estate Market Size Set to Reach USD 240 Billion by 2031

Published | 03 July 2025

United States Luxury Real Estate Market is flourishing primarily due to a surging demand from an increasing number of high-net-worth individuals (HNIs), favorable mortgage rates and tax incentives, and robust global interest and investment environment.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Luxury Real Estate Market size by value at USD 164.68 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects United States Luxury Real Estate Market size to grow at a steady CAGR of 5.50% reaching a value of USD 239.55 billion by 2031. The growth of Luxury Real Estate Market in United States is propelled by a sustained demand for premium properties that offer exceptional quality, exclusive locations, and sophisticated design, characterized by expansive layouts, top-tier construction, and state-of-the-art technologies including smart home integration, private pools, home theaters, and wine cellars. These properties are typically situated in highly sought-after areas such as prestigious urban centers, secure gated communities, serene waterfronts, and expansive countryside estates, providing privacy, security, and an elevated lifestyle, properties with unique architecture, historical value, or a strong sense of character further appeal to affluent buyers seeking exclusivity and a refined living experience.

New Construction Segment Holds Largest Market Share

New construction accounts for the largest share of United States Luxury Real Estate Market, a trend significantly influenced by the increasing selectivity of affluent homebuyers in 2024. There is strong demand for newly built luxury properties that precisely meet their exacting standards, with over 44% of luxury property specialists reporting a persistent preference for "unicorn" properties—high-end, move-in-ready homes that are impeccably presented and richly amenitized, according to the Coldwell Banker Global Luxury Mid-Year Report. These new construction homes offer buyers turnkey living with modern designs, advanced features, and tailored lifestyle experiences, making them highly sought after in a market facing limited inventory, thereby solidifying new construction's dominance in the luxury real estate landscape due to buyers' desire for convenience, quality, and exclusivity.

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Impact of Escalating Geopolitical Tensions on United States Luxury Real Estate Market

Intensifying geopolitical tensions could have a multifaceted impact on United States Luxury Real Estate Market by creating uncertainty in global financial markets and dampening investor sentiment. International buyers, a crucial segment of the United States Luxury Real Estate Market, may delay or withdraw investments due to concerns over political instability, currency fluctuations, and potential policy changes. Furthermore, trade restrictions, sanctions, or strained diplomatic relations can hinder cross-border transactions and limit the flow of foreign capital. Heightened security concerns and tightened immigration policies may also reduce demand from global elites seeking safe and stable investment destinations, thereby slowing the overall growth of the luxury real estate sector.

Competitive Landscape

United States Luxury Real Estate Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Coldwell Banker Global Luxury, Sotheby’s International Realty, Douglas Elliman Real Estate, Compass, Inc., The Agency, Keller Williams Luxury International, Berkshire Hathaway HomeServices, Christie’s International Real Estate, Corcoran Group, Redfin Corporation (Redfin Premier), Engel & Völkers, RE/MAX Collection, and Zillow Group, Inc. (Zillow Premier Agent). The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in United States Luxury Real Estate Market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Luxury Real Estate Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Luxury Real Estate Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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