A million bucks — yes, $1 million — used to be the golden ticket to luxury real estate. Now it’s hardly enough for general admission.

According to a new analysis from Realtor.com , the threshold for entering the top 10% of US home listings has crept up to nearly $1.3 million, leaving $1 million properties stuck in the middle of the pack.

In 2016, it took less than $800,000 to qualify for the same tier, and $1 million would have landed a buyer in the top 5%. Today, it would take closer to $2 million to achieve that distinction. 6

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The report notes that inflation in luxury pricing has been dramatic. A home that carried “luxury” cachet at $1 million nine years ago would now command about $1.6 million. At the extreme end, the top 1% of listings nationwide start around $5.4 million.

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