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The U.S. luxury housing market varies dramatically by region, according to a new Realtor.com Analysis. While established coastal metropolises offer smaller, older luxury homes at high prices, fast-growing Sun Belt and Midwest markets are offering newer, larger properties – often for less than $1 million.
Even with a seven-figure budget range, buyers can still find modern luxury homes in these emerging markets. Here are six metro areas where the top 10% of listings are newer than the national average, ranked by the average year the homes were built.
Also see where you can find a luxury home for under $300,000.
1. Orlando-Kissimmee-Sanford, Florida
- Starting price for the 10% most expensive listings: $893,137
- Median year built for top 10%: 2013
2. Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin
- Starting price for the 10% most expensive listings: $994,071
- Median year built for top 10%: 2012
3. San Antonio-New Braunfels, Texas
- Starting price for the 10% most expensive listings: $749,566
- Median year built for top 10%: 2012
4. Dallas-Fort Worth-Arlington, Texas
- Starting price for the 10% most expensive listings: $929,272
- Median year built for top 10%: 2010
5. Houston-Pasadena-The Woodlands, Texas
- Starting price for the 10% most expensive listings: $776,561
- Median year built for top 10%: 2010
6. Charlotte-Concord-Gastonia, North Carolina-South Carolina
- Starting price for the 10% most expensive listings: $897,204
- Median year built for top 10%: 2008