The Top 10 Most Expensive US Home Sales in 2022

“The footprint of these transactions appears to be firmly established,” says Miller, who notes that his list is provisional, given that late-breaking sales and updates are the norm. “It’s all the big three locations.” The only change, he says, is that top sales have begun to seep across South Florida, when in previous years they were in Palm Beach and Miami. “We have top sales in Manalapan, we have Coconut Grove and we have Coral Gables,” he says.

The top 10 list contains four houses in the Los Angeles area; three in the New York metropolitan area; and three in South Florida.

SECOND-BEST YEAR ON RECORD

Overall, 2022 was the second-highest year for sales of properties priced at $50 million and higher in history, according to Miller. (The best year ever was 2021.) This year, six properties sold for $100 million or more, whereas last year 10 did, according to Miller’s data. And 33 properties—at least as of Dec. 15, when he compiled the data—sold for $50 million or more, compared to 2021’s 49. Last year’s top 10 totaled $1.4 billion. This year’s total is a respectable $1.1 billion, about on par with 2019.

Miller chose not to include ranches in the list, which bumped out a few results, including the $170 million sale of the late T. Boone Pickens’s ranch. That decision was made, Miller explains, because many ranches are partly commercial operations, often with dozens of separate houses and outbuildings. “It strikes me as a different product,” he says. “The land is so much more of the property’s value than a single-unit residence.”

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There was one change from last year: Houses at the very peak of the market seem to be getting smaller. “The median square footage this year is 15,819 square feet; last year it was 24,015 square feet,” Miller says, a 34% drop. “They’re getting cramped. Times are tough.”

Here are the top 10 US home sales of 2022: