PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779637
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779637
United States Luxury Real Estate Market, By Type; By Property Type; By Buyer Type, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
United States Luxury Real Estate Market Size Set to Reach USD 240 Billion by 2031
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.
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 & Volkers, 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.
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.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Luxury Real Estate Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Drivers
- 3.2.1.1. Rising High-Net-Worth Population
- 3.2.1.2. Favorable Mortgage Rates & Tax Incentives
- 3.2.1.3. Global Interest & Investment
- 3.2.2. Restraints
- 3.2.2.1. High Entry Costs
- 3.2.2.2. Economic Volatility
- 3.2.3. Opportunities
- 3.2.3.1. Sustainable & Smart Luxury Homes
- 3.2.3.2. Remote Work & Migration Trends
- 3.2.4. Challenges
- 3.2.4.1. Market Saturation in Key Cities
- 3.2.4.2. Shifts in Consumer Behavior
- 3.2.1. Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Luxury Real Estate Market: Marketing Strategies
5. United States Luxury Real Estate Market: Pricing Analysis
6. United States Luxury Real Estate Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. New Construction
- 6.2.1.2. Resale Homes
- 6.2.1.3. Luxury Rentals
- 6.2.1.4. Custom-Built Homes
- 6.2.1.5. Eco-Luxury Homes
- 6.2.2. By Property Type
- 6.2.2.1. Single-Family Homes
- 6.2.2.2. Condominiums
- 6.2.2.3. Penthouses
- 6.2.2.4. Townhouses
- 6.2.2.5. Villas
- 6.2.2.6. Luxury Apartments
- 6.2.3. By Buyer Type
- 6.2.3.1. Domestic Buyers
- 6.2.3.2. International Buyers
- 6.2.3.3. High-Net-Worth Individuals
- 6.2.3.4. Real Estate Investors
- 6.2.3.5. Vacation/Second-Home Buyers
- 6.2.1. By Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Luxury Real Estate Market Share Analysis, 2024
- 7.2.1. Competitive Benchmarking, By Operating Parameters
- 7.3. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Luxury Real Estate Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Coldwell Banker Global Luxury
- 9.2. Sotheby's International Realty
- 9.3. Douglas Elliman Real Estate
- 9.4. Compass, Inc.
- 9.5. The Agency
- 9.6. Keller Williams Luxury International
- 9.7. Berkshire Hathaway HomeServices
- 9.8. Christie's International Real Estate
- 9.9. Corcoran Group
- 9.10. Redfin Corporation (Redfin Premier)
- 9.11. Engel & Volkers
- 9.12. RE/MAX Collection
- 9.13. Zillow Group, Inc. (Zillow Premier Agent)
- 9.14. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 United States Retail Pharmacy Segmentation
- Figure 2 United States Luxury Real Estate Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 United States Luxury Real Estate Market Size, By Value (USD Billion), 2019-2031
- Figure 5 United States Luxury Real Estate Market Share, By Type, By Value, 2019-2031
- Figure 6 United States Luxury Real Estate Market Share, By Property Type, By Value, 2019-2031
- Figure 7 United States Luxury Real Estate Market Share, By Buyer Type, By Value, 2019-2031
- Figure 8 United States Luxury Real Estate Market Share, By Type, By Value, 2019-2031
- Figure 9 United States Luxury Real Estate Market Share, By Property Type, By Value, 2019-2031
- Figure 7 United States Luxury Real Estate Market Share, By Buyer Type, By Value, 2019-2031
List of Tables
- Table 1 United States Luxury Real Estate Market Size, By Value (USD Billion), 2019-2031
- Table 2 United States Luxury Real Estate Market Share, By Type , By Value, 2019-2031
- Table 3 United States Luxury Real Estate Market Share, By Property Type, By Value, 2019-2031
- Table 4 United States Luxury Real Estate Market Share, By Buyer Type, By Value, 2019-2031
- Table 5 United States Luxury Real Estate Market Share, By Type , By Value, 2019-2031
- Table 6 United States Luxury Real Estate Market Share, By Property Type, By Value, 2019-2031
- Table 7 United States Luxury Real Estate Market Share, By Buyer Type, By Value, 2019-2031
- Table 8 Coldwell Banker Global Luxury Company Overview
- Table 9 Coldwell Banker Global Luxury Financial Overview
- Table 10 Sotheby's International Realty Company Overview
- Table 11 Sotheby's International Realty Financial Overview
- Table 12 Douglas Elliman Real Estate Company Overview
- Table 13 Douglas Elliman Real Estate Financial Overview
- Table 14 Compass, Inc. Company Overview
- Table 15 Compass, Inc. Financial Overview
- Table 16 The Agency Company Overview
- Table 17 The Agency Financial Overview
- Table 18 Keller Williams Luxury International Company Overview
- Table 19 Keller Williams Luxury International Financial Overview
- Table 20 Berkshire Hathaway HomeServices Company Overview
- Table 21 Berkshire Hathaway HomeServices Financial Overview
- Table 22 Christie's International Real Estate Company Overview
- Table 23 Christie's International Real Estate Financial Overview
- Table 24 Corcoran Group Company Overview
- Table 25 Corcoran Group Financial Overview
- Table 26 Redfin Corporation (Redfin Premier) Company Overview
- Table 27 Redfin Corporation (Redfin Premier) Financial Overview
- Table 28 Engel & Volkers Company Overview
- Table 29 Engel & Volkers Financial Overview
- Table 30 RE/MAX Collection Company Overview
- Table 31 RE/MAX Collection Financial Overview
- Table 32 Zillow Group, Inc. (Zillow Premier Agent) Company Overview
- Table 33 Zillow Group, Inc. (Zillow Premier Agent) Financial Overview
