The number of American houses worth $1 million is at an all-time high, as home prices continue to hit new records.
While million-dollar homes are out of reach for the vast majority of Americans, they are no longer just being bought and sold by the ultra-wealthy. In San Francisco, the median-priced home sells for more than $1.6 million – far above the national median of $441,000. Meanwhile, in Detroit, $1 million listings are rare.
Today, there are only seven major metros where a luxury home — valued in the top 5% of homes — costs less than $1 million, compared to 30 just five years ago.
"The $1 million mark used to signal true luxury; now, in many parts of the country, it simply means the price of a typical home," said Jonathan Huffer, a Redfin Premier agent specializing in luxury properties in Palm Beach, Florida. "It's a reflection of how dramatically home prices have risen, especially in coastal markets where million-dollar listings have become the norm rather than the exception."
So, are you wondering what $1 million buys in today's market? Redfin Real Estate pulled from its listings to see how far it goes in Buffalo. Listings between $500,000 and $1,000,000 were included.
67 Nottingham Ter, Buffalo
- Price: $1,000,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 4,111
- Price per square foot: $243
- See 67 Nottingham Ter, Buffalo on Redfin.com
37 Ojibwa Cir, Buffalo
- Price: $1,000,000
- 2 bedrooms, 3 bathrooms
- Square feet: 3,224
- Price per square foot: $310
- See 37 Ojibwa Cir, Buffalo on Redfin.com
674 Main St #4, Buffalo
- Price: $1,000,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 3,200
- Price per square foot: $312
- See 674 Main St #4, Buffalo on Redfin.com
272 Lakefront Blvd, Buffalo
- Price: $1,000,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,900
- Price per square foot: $344
- See 272 Lakefront Blvd, Buffalo on Redfin.com
288 Rivermist Dr, Buffalo
- Price: $1,000,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,613
- Price per square foot: $382
- See 288 Rivermist Dr, Buffalo on Redfin.com
673 Potomac Ave, Buffalo
- Price: $1,000,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,400
- Price per square foot: $416
- See 673 Potomac Ave, Buffalo on Redfin.com
200 Delaware Ave #1503, Buffalo
- Price: $1,000,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,235
- Price per square foot: $447
- See 200 Delaware Ave #1503, Buffalo on Redfin.com
252 Rivermist Dr, Buffalo
- Price: $1,000,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,185
- Price per square foot: $457
- See 252 Rivermist Dr, Buffalo on Redfin.com
35 Ojibwa Cir, Buffalo
- Price: $900,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,224
- Price per square foot: $279
- See 35 Ojibwa Cir, Buffalo on Redfin.com
91 Nottingham, Buffalo
- Price: $900,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,057
- Price per square foot: $294
- See 91 Nottingham, Buffalo on Redfin.com
260 Lakefront Blvd, Buffalo
- Price: $900,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,698
- Price per square foot: $333
- See 260 Lakefront Blvd, Buffalo on Redfin.com
23 Birch Ln, Amherst
- Price: $900,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,450
- Price per square foot: $367
- See 23 Birch Ln, Amherst on Redfin.com
675 Potomac Ave, Buffalo
- Price: $900,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,400
- Price per square foot: $375
- See 675 Potomac Ave, Buffalo on Redfin.com
124 Harbridge, Amherst
- Price: $900,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,264
- Price per square foot: $397
- See 124 Harbridge, Amherst on Redfin.com
132 Lakefront Blvd #804, Buffalo
- Price: $900,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,185
- Price per square foot: $411
- See 132 Lakefront Blvd #804, Buffalo on Redfin.com
2901 S Park Ave, Lackawanna
- Price: $800,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 4,680
- Price per square foot: $170
- See 2901 S Park Ave, Lackawanna on Redfin.com
14 Wynngate Ln, Amherst
- Price: $800,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,171
- Price per square foot: $252
- See 14 Wynngate Ln, Amherst on Redfin.com
5252 Mallard Roost, Clarence
- Price: $800,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,052
- Price per square foot: $262
- See 5252 Mallard Roost, Clarence on Redfin.com
801 Admirals Walk Cir, Buffalo
- Price: $800,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,992
- Price per square foot: $401
- See 801 Admirals Walk Cir, Buffalo on Redfin.com
44 Deer Run, Amherst
- Price: $700,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,792
- Price per square foot: $184
- See 44 Deer Run, Amherst on Redfin.com
104 Deer Run, Amherst
- Price: $700,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,560
- Price per square foot: $196
- See 104 Deer Run, Amherst on Redfin.com
39 Wickendon Ct, Amherst
- Price: $700,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,182
- Price per square foot: $219
- See 39 Wickendon Ct, Amherst on Redfin.com
13 Ojibwa Cir, Buffalo
- Price: $700,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,013
- Price per square foot: $232
- See 13 Ojibwa Cir, Buffalo on Redfin.com
4205 Thornwood Ln, Clarence
- Price: $700,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,602
- Price per square foot: $269
- See 4205 Thornwood Ln, Clarence on Redfin.com
47 Birch Ln, Amherst
- Price: $700,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,050
- Price per square foot: $341
- See 47 Birch Ln, Amherst on Redfin.com
132 Lakefront Blvd #403, Buffalo
- Price: $700,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,939
- Price per square foot: $361
- See 132 Lakefront Blvd #403, Buffalo on Redfin.com
200 Delaware Ave #1604, Buffalo
- Price: $700,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,926
- Price per square foot: $363
- See 200 Delaware Ave #1604, Buffalo on Redfin.com
1111 Elmwood Ave #302, Buffalo
- Price: $700,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,798
- Price per square foot: $389
- See 1111 Elmwood Ave #302, Buffalo on Redfin.com
$1 million dollar homes in major cities around the country
215 W Illinois St Unit 2B-2C, Chicago
- Price: $1,000,000
- 3 bedrooms, 3 bathrooms
- Square feet: 4,396
- Price per square foot: $227
- See 215 W Illinois St Unit 2B-2C, Chicago on Redfin.com
5435 Preston Fairways Cir, Dallas
- Price: $1,000,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 4,392
- Price per square foot: $227
- See 5435 Preston Fairways Cir, Dallas on Redfin.com
2956 W Avenue 35, Los Angeles
- Price: $1,000,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,662
- Price per square foot: $601
- See 2956 W Avenue 35, Los Angeles on Redfin.com
6049 SW 165th Ave, Miami
- Price: $1,000,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,153
- Price per square foot: $317
- See 6049 SW 165th Ave, Miami on Redfin.com
206 E 95th St Unit 12B, New York City
- Price: $1,000,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,001
- Price per square foot: $999
- See 206 E 95th St Unit 12B, New York City on Redfin.com
3070 61st Ave SW, Seattle
- Price: $1,000,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,670
- Price per square foot: $598
- See 3070 61st Ave SW, Seattle on Redfin.com
This story was produced by Redfin Real Estate and reviewed and distributed by Stacker.
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