SEATTLE — This just in — people really want to live in a Seattle-area waterfront mansion.

Over the past decade, the metro area has had some of the fastest-rising luxury home prices in the nation, fueled by the growth of the tech industry. Now, it’s the ninth most expensive luxury home market in the nation.

The median prices of luxury homes, defined as the top 5 percent of a market, have risen 127.1 percent over the last decade in King and Snohomish counties, from $1.36 million in 2015 to $3.08 million in 2025, according to Redfin.

That’s the seventh-highest jump out of any U.S. metro area and much higher than the overall national rise of 82.5 percent. Seattle’s luxury home prices are beating out high-end metros the region typically moves with, such as New York City and San Francisco, wh

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