Portland and Denver entry-level luxury homes priced nearly the same

Portland and Denver both attract luxury homebuyers with access to mountains, trails and skiing, and their entry-level luxury prices are nearly identical at about $1.25 million. Denver commands a higher threshold for ultraluxury homes: roughly $4.13 million, compared with $3.50 million in Portland, though both are below the national benchmark. Portland has a slightly larger share of million-dollar-plus homes, and its luxury prices have recently edged ahead of Denver’s after holding steadier while Denver’s high-end market cooled from its 2022 peak.