Across the U.S., 2024 was one of the slowest years for home sales since the 1990s. But it was a banner year for the ultrahigh end of the market, where buyers are so wealthy that interest rates or market fluctuations have little impact.
In 2024, there were at least seven single-family home sales recorded in the U.S. for $100 million or more, up from five in 2023, according to data gathered by appraiser Jonathan Miller and The Wall Street Journal.
That’s just under 2021’s record eight deals, property records show.
Across the country, the number of nine-figure home sales has been gradually climbing over the past decade, Miller said.
In 2014, there were four sales of $100 million or more, marking the first time the U.S. had seen more than one in the same year, Miller said. In the last four years, there have been a total of 27 recorded.
What at first seemed like a fluke has now become an established market for nine-figure sales, he said, adding that it is only a matter of time before $200 million becomes the new benchmark for ultraluxury deals.