When buying a luxury custom home in the Atlanta market, the options are as diverse as they are exciting. From small custom builders crafting unique homes on a single lot to national builders with a portfolio of homes across multiple communities, the Atlanta luxury home market offers many choices. Whether your dream home is a contemporary masterpiece or a stately modern farmhouse, there’s something for every discerning homebuyer.
Paige model at Cresswind at Spring Haven. Photos courtesy of Kolter Homes.
Building on the popularity of our annual Atlanta Top 25 Home Builders list, which ranks Atlanta’s top builders based on the number of homes closed in 2023, we decided to rank Atlanta’s top 10 luxury home builders.
The results are compiled courtesy of MarketNsight. Here are Atlanta’s Top 10 Luxury Home Builders in the $1 million+ price point based on the number of closings.
- Toll Brothers
- Ashton Woods
- The Providence Group
- Taylor Morrison
- Pulte
- Brightwater Homes
- Bercher Homes
- Kolter Homes
- Epic Homes
- Patrick Malloy Communities
Most notably, Toll Brother’s sales of homes priced over $1 million account for 20% of the homes sold at this price point.
Sales of $1 million homes have grown over the past several years with many all-cash purchases.
“Pending sales of homes above $500,000 are up 18% year-to-date. In sharp contrast, pending sales below $500,000 are down 10% because of such limited inventory,” comments John Hunt, Principal and Chief Analyst with MarketNsight.
According to a new Redfin report, nearly one in 10 (8.5%) U.S. homes are worth $1 million or more, the highest share of all time. That’s up from 7.6% a year ago and more than double the 4% share before the pandemic. Per the findings, the spike can be attributed to limited inventory and high demand.
The share of U.S. homes worth $1 million or more is at a record high because home prices are at a record high; the median sale price nationwide was up 4% year-over-year in June. While price growth has eased slightly since the start of 2024, prices have been rising year-over-year for the last year, pushing many homes over the million-dollar mark.
We’ve created a bifurcated market with inventory in the high end and none in the low end. Unfortunately, this is not a good way to create attainable housing. This is indicative of today’s market, with plenty of inventory in the high end with none in the low end. It’s actually a sad commentary on today’s housing market.