Demand for high-end homes is finally waning after six years on the boil. The signs of a slowdown are clearest in Silicon Valley, where just a year ago eight-figure list prices, bidding wars and one-week sales were commonplace. Surpassing the Valley this year are ZIPs in New York and California, but sellers in these high-priced havens would be wise to stay humble: Their hometowns could be next.
For our annual list of America’s Most Expensive ZIP Codes, Forbes worked with Altos Research, a Mountain View, Calif.-based real estate research firm. Altos calculated the median home prices for more than 28,500 U.S. ZIP codes (covering 95% of the U.S. population) using asking prices for single-family homes and condominiums listed for sale. To account for any blips that might occur when an unusually high-priced property comes on the market, Altos used a rolling average for the 90-day period ending November 18. The goal is to provide a snapshot of current activity.
Check out the top 25 most expensive zip codes.
93108 – Santa Barbara, CA
The median price for this area is $4,597,545. For $4,699,000, score this 1,540-square-foot Santa Barbara home right by Montecito Beach. In addition to the killer views, the place features a remodeled kitchen and cathedral ceilings.
10011 – New York, NY (tie)
The median price for this area is $4,676,989. Located in NYC’s TriBeCa neighborhood, this 1,439-square-foot home features 40 feet of windows, an open kitchen, and stunning views of the Hudson River. Building amenities also include a saltwater pool and landscaped courtyard. Make it yours for $4,650,000.
33109 – Fisher Island, FL (tie)
The median price for this area is $5,857,731. Cool white walls and streams of natural light give this apartment a cozy vibe. The spacious home is on the market for $5,600,000 million.
81656 – Woody Creek, CO
The median price for this area is $4,722,692. Available for $4,450,000, this home features white marble countertops, four spacious bedrooms, and an outdoor kitchen.
10023 – New York, NY
The median price for this area is $4,777,228. This two-bedroom, three-bathroom residence offers 10-foot ceilings, gold marble countertops, and a full-size in-unit washer and dryer. It’s on the market for around $4,495,000.
94062 – Woodside, CA
The median price for this area is $4,857,429. Snag this five-bedroom home for around $4,895,000. The freshly painted interior is airy and bright, while the newly landscaped backyard provides a quiet, private place to relax.
07620 – Alpine, NJ
The median price for this area is $4,860,299. Full of natural light, this airy and secluded home in Alpine is on the market for $4,888,000 million. Located on two acres of private land, it comes complete with multiple outdoor decks, a pool, and a wood burning fireplace.
81611 – Aspen, CO
The median price for this area is $4,999,111. This five-bedroom Wainscott home is going for around $4,995,000. It features covered outdoor dining, a heated backyard pool, and an expansive wraparound porch.
94010 – Hillsborough, CA
The median price for this area is $5,087,596. Call this four-bedroom, two-bathroom abode home for a little over $4,850,000. In addition to a private pool, it’s also decked out with vaulted ceilings and a spacious kitchen and dining area.
90210 – Beverly Hills, CA
The median price for this area is $5,562,399. For around $5 million, you can snag a home like this one in Burlingame, which sits close to local schools and parks, and is only a hop, skip, and jump away from Silicon Valley. The 2,180-square-foot house features three bedrooms and two and a half baths.
10021 – New York, NY
The median price for this area is $5,645,386. $5,500,000 will get you a home like this one, which packs three bedrooms, two and a half bathrooms, a wood burning fireplace, stainless steel appliances, and a formal dining room into 1,900 square feet.
10024 – New York, NY
The median price for this area is $5,650,990. Minutes away from East Hampton and Sag Harbor, this five-bedroom Wainscott home is going for around $5,700,000. It features covered outdoor dining, a heated backyard pool, and an expansive wraparound porch.
10013 – New York, NY
The median price for this area is $5,653,239. This $5,350,000 million home in New York sits at the end of a quiet cul-de-sac and offers hardwod floors, a wraparound deck, and a spacious kitchen.
33139 – Miami Beach, FL
The median price for this area is $5,699,038. Just a short walk from the water, this beach style home in Newport Beach is breezy and welcoming, with clean white walls, dark wood floors, and abundant natural light. Make it yours for $5,490,000.
91302 – Hidden Valley, CA
The median price for this area is $5,701,150. On the market for around $6,495,000, this 3,020-square-foot home boasts breaktaking views of Ross Valley and an outdoor sun deck that will let you enjoy California’s fantastic weather all year round.
10014 – New York, NY
Home is on the market for around $5,750,000. It comes complete with three bedrooms, a spacious kitchen, and high, wood-beamed ceilings. The surrounding forest views add a cozy touch.
94022 – Los Altos Hills, CA
Home is on the market for around $6,081,192. Snag this five-bedroom Los Altos home for around $5,975,000. The freshly painted interior is airy and bright, while the newly landscaped backyard provides a quiet, private place to relax.
10012 – New York, NY
Home is on the market for around $6,278,398. This two-bedroom, three-bathroom residence offers 10-foot ceilings, gold marble countertops, and a full-size in-unit washer and dryer. It’s on the market for around $6,200,000.
10065 – New York, NY
Home is on the market for around $6,995,000. Boasting both pool and beach views, this 2,744-square-foot home is available for around $6,995,000. It also has also high-end appliances and a glass walk-in closet to swoon over.
11962 – Sagaponack, NY
Home is on the market for around $7,008,269. This classic Hamptons beach house comes complete with a heated pool, outdoor gardens, and a spacious deck, perfect for entertaining all summer. The home is on the market for $6,995,000.
94027 – Atherton, CA
Home is on the market for around $7,161,385. Available for $7,100,000, this Atherton home features white marble countertops, four spacious bedrooms, and an outdoor kitchen.
10075 – New York, NY
Boasting both pool and beach views, this 2,744-square-foot home is available for around $7,995,000. It also has also high-end appliances and a glass walk-in closet to swoon over.
33462 – Manalapan, FL
