Luxury Lens: Does the Era of a Residence Shape Its Price?
/SOURCE: Sotheby’s
Luxury is in the eye—and tastes—of the beholder. But when a high-end home was built can offer hints about its characteristics.
The “January 2026 Luxury Housing Report: Old Versus New,” published by Realtor.comⓇ on February 11, 2026, compares luxury U.S. homes that have a median year of construction before 2002 with those built after 2002.
The newer luxury homes are notably bigger: the properties built most recently average 3,187 square feet in the US$1-2M bracket, compared to 1,430 square feet (Urban Honolulu) and 1,929 square feet (New York Metro Area) in those older luxury markets.
However, the older luxury homes are generally more expensive. In January 2026, luxury homes in the five most expensive older markets commanded higher prices than those in newer markets, with one eye-catching exception: Heber, Utah.
Despite a median construction date of 2024, luxury properties in Heber, Utah were priced at an entry point of US$7.6M in January 2026—higher than anywhere else in the U.S.
Yet, according to the same report, when it comes to selling, the age of a high-end home does not significantly correlate with time spent on the market, making the insight of a well-informed real estate agent all the more valuable.
SOURCE: Sotheby’s
