Welcome to a world of real estate extravagance. Whether the market is up or down, elements like square footage, prime location, and a gorgeous view remain as much of a flex as ever.

How Is the National Real Estate Market Looking These Days?

Anyone who regularly "lurks" on real estate sites like Zillow and Trulia has probably noticed that things have quieted down, with new homes popping up on the sites less and less.

The Most Expensive Home for Sale in Each State
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READ MORE: What Are the 25 Least Expensive States to Live In?

Rob Riccitelli, a real estate agent with Landing Real Estate in South Portland, Maine, notes that low inventory and higher interest rates are creating a real challenge for home buyers, but there's hope: "I do think that some buyers are beginning to realize that if they're pre-approved for an amount that gets them into a home that they like and can afford, they can refinance their mortgage when the rates go down."

What About the National Luxury Real Estate Market?

Riccitelli, based in Maine, is familiar with the luxury market. Portland, Maine was noted as being the top luxury market in the United States in 2023. He called the luxury real estate market "a different game" and notes that when prices go north of the million-dollar mark, interest rates seem to be less of a factor: "Buyers purchasing at that price point are often paying cash."

READ MORE: 7 Things Every Kid Wished Their House Had When They Were Growing

The Most Expensive Home for Sale in Each State
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Most Expensive Houses: A Few Surprises and a Few Exceptions

While you might assume that a grand Gilded Age mansion on Manhattan's 5th Ave. would be the top contender, it's actually a better bet to focus on a tropical climate for that. Mountainous and secluded areas have also ranked highly on the list, offering ample privacy and expansive landscapes to explore.

READ MORE: Which of These 8 Iconic House Styles Is Your Forever Home?

A few things to keep in mind:

LOOK: The priciest home for sale in every U.S. state

From vast expanses to explore in the West to "cozy" beach retreats in the East, get ready to be dazzled by the opulence of the most luxurious real estate across all 50 states. We've ranked them from the least expensive (a bargain at $3,095,000!) to the most expensive. Simply tap or click on the photo to see more of each home, or if you're feeling extravagant, book a viewing.

Gallery Credit: Stephen Lenz

LOOK: This is where homes are selling the fastest right now

Stacker compiled a list of the metros where houses are selling the fastest, according to data from Redfin.

Gallery Credit: Stacker Staff

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