openPR Logo
Press release

Ready-to-Move-In Luxury Home Market to Hit US$ 1,173 Billion by 2034

06-14-2024 04:36 PM CET | Consumer Goods & Retail

Press release from: Fact.MR

Ready-to-Move-In Luxury Home Market to Hit US$ 1,173 Billion

The global ready-to-move-in luxury home market is estimated to reach a valuation of US$ 580 billion in 2024 and is projected to expand at a CAGR of 7.3% from 2024 to 2034. This upward trend reflects the increasing demand for ready-to-move-in luxury homes in the current real estate landscape. The rising disposable incomes of high net-worth individuals have significantly fueled this demand, enabling them to invest in upscale properties that offer both convenience and indulgence. As financial capacities grow, so does the aspiration for a higher quality of living, driving the market's expansion.

Get Free Sample Copy of This Report-

There is a prevailing inclination toward luxury amenities among homebuyers, ranging from smart home technologies to lavish recreational facilities. These amenities not only enhance the comfort and convenience of living but also reflect a status symbol in today's society. Consequently, developers are witnessing a notable uptick in the sales of ready-to-move-in luxury homes, as they cater to the evolving preferences and lifestyle choices of affluent consumers. As the pursuit of luxury living continues to intensify, the demand for such properties is expected to remain robust in the foreseeable future.

Key Takeaways from Market Study

The global ready-to-move-in luxury home market is projected to expand at a robust CAGR of 7.3% through 2034. Sales are estimated to reach US$ 580 billion in 2024, with the market expected to grow significantly, achieving a valuation of US$ 1,173 billion by the end of 2034. This impressive growth is driven by increasing demand for luxury homes, which are anticipated to hold a substantial 60.2% market share in 2024. The rising disposable incomes of high net-worth individuals and their growing desire for upscale, convenient living spaces contribute to this trend, as more people seek to invest in properties that offer both luxury and immediate occupancy.

Regionally, the North American market is forecasted to expand at a slightly higher CAGR of 7.5% through 2034, reflecting a strong appetite for ready-to-move-in luxury homes in this area. Meanwhile, East Asia is projected to account for a significant 29.1% of the global market share by 2034, highlighting the region's increasing importance in the luxury real estate sector. The overall market dynamics are influenced by various factors, including economic growth, rising urbanization, and the evolving preferences of affluent buyers who prioritize high-quality living standards and convenience.

List of Key Companies Profiled in The Report

Angie's List
Algedra Group
HomeAdvisor Inc.,
Yellow Pages
Al Zaher Interiors
Better Business Bureau

Factors Driving Growth in Luxury Home Market in the United States

According to a recent analysis by Fact.MR, a prominent market research and competitive intelligence provider, the luxury home market in the United States is experiencing significant growth, fueled by multiple factors including rising disposable incomes and a preference for upscale amenities. Dominating 82.3% of the ready-to-move-in luxury home market share in North America, the nation stands as a beacon of affluent living.

The surge in demand for luxury homes in the United States can be attributed to a confluence of factors, notably the desire for convenient access alongside privacy and security. Discerning buyers prioritize residences that offer seamless proximity to urban conveniences such as high-end shopping, fine dining, and cultural offerings, while also serving as sanctuaries from the urban hustle.

Elevated concerns regarding privacy and security are compelling buyers to seek properties equipped with advanced security systems, gated entrances, and secluded surroundings. This blend of convenience, privacy, and security is fueling the escalating demand for luxury homes throughout the United States.

Meanwhile, in China, the burgeoning interest in luxury homes among residential buyers is being propelled by the rapid pace of urbanization. As cities expand and populations swell, there's a burgeoning need for premium residences that provide a high-quality living experience. Affluent buyers in China are actively seeking properties that offer both comfort and status, thereby driving the demand for luxury properties. With urbanization showing no signs of slowing down, the appetite for high-end homes in China is poised to remain robust in the foreseeable future.

Technological Advancements

Technological advancements have significantly influenced the ready-to-move-in luxury home market. Modern luxury homes are often equipped with smart home technologies, including automated lighting, climate control, security systems, and entertainment systems. These features not only enhance the living experience but also appeal to tech-savvy buyers looking for convenience and efficiency.

In addition to technology, the amenities offered by ready-to-move-in luxury homes are a major selling point. These properties typically include high-end finishes, designer interiors, gourmet kitchens, spa-like bathrooms, and extensive recreational facilities such as swimming pools, gyms, and private theaters. The inclusion of such amenities ensures that buyers receive a complete lifestyle package, further justifying the premium price tags of these homes.

Want Full Report? Enquire Here-

Market Competition

In the market for ready-to-move-in luxury homes, competition among key players such as Houzz, HomeAdvisor, Yelp, and Angie's List is fierce as they vie for maximum profits. These platforms are employing various strategies to attract affluent homebuyers, including offering comprehensive listings of high-end properties, showcasing immersive virtual tours, and providing personalized concierge services.

Strategic partnerships with real estate agencies and exclusive access to off-market listings are common tactics employed to gain an edge in this competitive landscape. Ultimately, in the pursuit of profitability, these competitors continually innovate to deliver unparalleled luxury home-buying experiences, catering to the discerning tastes of affluent clientele.


US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232

About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ready-to-Move-In Luxury Home Market to Hit US$ 1,173 Billion by 2034 here

News-ID: 3539778 • Views:

More Releases from Fact.MR

Robot Arms Market is Anticipated to Reach US$ 77.2 Billion by 2033
Robot Arms Market is Anticipated to Reach US$ 77.2 Billion by 2033
According to Fact.MR, a market research and competitive intelligence provider, the global robot arms market is estimated to be valued at USD 26.2 billion in 2023 and is expected to expand at an impressive CAGR of 11.4% during the forecast period. The use of robot arms is increasing across diverse industries such as manufacturing, healthcare, logistics, supply chain, and retail. With the growing integration of technologies like machine learning and artificial
Mechanically Separated Poultry Market Is Projected To A Colossal $255.9 Million By 2034
07-19-2024 | Food & Beverage
Mechanically Separated Poultry Market Is Projected To A Colossal $255.9 Million …
It is anticipated that the global mechanically separated poultry market would reach US$ 160.4 million by 2024. By the end of 2034, the mechanically separated poultry market is expected to grow at a 4.8% CAGR and be worth US$ 255.9 million worldwide. The mechanically separated poultry (MSP) market has seen consistent growth over recent years, driven by increasing demand for cost-effective meat products and advancements in food processing technologies. This
Glucose Management Supplement Market Is Expected To A Colossal $17.5 Billion By 2034
07-19-2024 | Food & Beverage
Glucose Management Supplement Market Is Expected To A Colossal $17.5 Billion By …
The estimated worth of the global glucose management supplement market is expected to rise from US$ 9.7 billion in 2024 to US$ 17.5 billion by the end of 2034. It is true.Sales of glucose management supplements are expected to increase at a compound annual growth rate (CAGR) of 6.1% between 2024 and 2034, according to MR's most recent analysis. The glucose management supplement market has seen significant growth in recent years,
Rosehip Market Is Expanding Estimated To A Colossal $486.7 Million By 2034
07-19-2024 | Food & Beverage
Rosehip Market Is Expanding Estimated To A Colossal $486.7 Million By 2034
The revenue from the global rosehip market is expected to grow at a 5.6% CAGR from 2024 to 2034, from a value of US$ 282.6 million in 2024 to US$ 486.7 million by the end of that year. The Rosaceae family includes the herbal medicine made from rosehips. This wild rose variety, also called Rosa canina, grows well in many parts of Asia, Africa, and Europe. After fertilization, rosehips, the

All 5 Releases

More Releases for United

Movable Walls Market By Top Key Players- Hufcor (United States), Dormakaba (Swit …
Global Movable Walls Market Report from Advance Market Analytics (AMA) covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. The market characteristics section of the report defines and explains the market. The market size section gives the electronic equipment market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external
Military Personal Protective Equipment Market 2024 | 3M Ceradyne (United States) …
Military personal protective equipment has become a crucial and standard element of soldier equipment. One of the major factor driving the market is the increasing role of ground troops in different parts of the world such as Iraq, Afghanistan and India among others. The demand for military personal protective equipment is anticipated to be driven by modernization initiatives undertaken by several large defense spenders globally and various internal security threats,
Infrared Sensor Market 2024 | Honeywell International, Inc. (United States), Tex …
Infrared sensors are devices emitting, detecting, receiving infrared waves as heat and infrared radiation. However, there are only a few among these sensors which are capable of only receiving the waves. Most of the infrared detectors are coated with either Fresnel lenses or parabolic mirrors for receiving infrared waves from an entire area. As these waves reach the sensor, it generates a voltage in different waves that is used for
Internet of Things Market 2021 | Google Inc. (United States), Cisco Systems Inc. …
The Internet of Things refers to the network of physical objects that attribute an IP address for Internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable and
Logistics Market | Global Growing Industry Key Players - J.B. Hunt Transport Ser …
Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Logistics Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Logistics Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the
Global Logistics Market 2024 | Key Players : J.B. Hunt Transport Services (Unite …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Logistics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. Request for a sample of this research report @ Logistics is