A typical luxury home in Boston often runs buyers over $3 million, according to a report from GoBankingRates.

The finance company used data from Zillow to determine the cost of a typical luxury home in metros across the U.S. In Boston, typical luxury homes, defined as the top 5% most valuable homes in each region, fetched $3,033,002.

Since 2024, this value has increased by 5%. Data showed that ultra-valuable homes in Boston spend a median of 12 days on the market before pending sale.

Nationally, the typical luxury home is valued at $1.8 million.