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 Ithaca. Listings between $500,000 and $1,000,000 were included.
429 Bostwick Rd, Ithaca
- Price: $1,000,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 1,664
- Price per square foot: $600
- See 429 Bostwick Rd, Ithaca on Redfin.com
72 Tigerlily Ln, Lansing
- Price: $979,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 3,589
- Price per square foot: $272
- See 72 Tigerlily Ln, Lansing on Redfin.com
217 Buttermilk Ln, Danby
- Price: $975,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,324
- Price per square foot: $225
- See 217 Buttermilk Ln, Danby on Redfin.com
119 Oak Hill Rd, Ithaca
- Price: $975,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,235
- Price per square foot: $301
- See 119 Oak Hill Rd, Ithaca on Redfin.com
133 Larisa Ln, Ithaca
- Price: $969,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,950
- Price per square foot: $245
- See 133 Larisa Ln, Ithaca on Redfin.com
131 Larisa Ln, Ithaca
- Price: $965,000
- 4 bedrooms, 4 bathrooms
- Square feet: 5,172
- Price per square foot: $186
- See 131 Larisa Ln, Ithaca on Redfin.com
21 Waterview Heights Hts, Lansing
- Price: $965,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,886
- Price per square foot: $248
- See 21 Waterview Heights Hts, Lansing on Redfin.com
135 Larisa Ln, Ithaca
- Price: $950,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,763
- Price per square foot: $252
- See 135 Larisa Ln, Ithaca on Redfin.com
210 Forest Home Dr, Ithaca
- Price: $950,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,179
- Price per square foot: $298
- See 210 Forest Home Dr, Ithaca on Redfin.com
2 Oakwood Dr, Lansing
- Price: $899,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,885
- Price per square foot: $311
- See 2 Oakwood Dr, Lansing on Redfin.com
120 Briarwood Dr, Ithaca Town
- Price: $895,000
- 5 bedrooms, 5 bathrooms
- Square feet: 4,224
- Price per square foot: $211
- See 120 Briarwood Dr, Ithaca Town on Redfin.com
214 Stewart Ave, Ithaca City
- Price: $895,000
- 8 bedrooms, 5 bathrooms
- Square feet: 3,138
- Price per square foot: $285
- See 214 Stewart Ave, Ithaca City on Redfin.com
5 Sun Downs Rd, Ithaca Town
- Price: $799,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,808
- Price per square foot: $284
- See 5 Sun Downs Rd, Ithaca Town on Redfin.com
41 Hartwood Rd, nan
- Price: $795,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,087
- Price per square foot: $194
- See 41 Hartwood Rd, nan on Redfin.com
321 Old Gorge Rd, Ithaca Town
- Price: $794,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,223
- Price per square foot: $188
- See 321 Old Gorge Rd, Ithaca Town on Redfin.com
121 Cayuga Park Rd, Ithaca Town
- Price: $750,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,804
- Price per square foot: $267
- See 121 Cayuga Park Rd, Ithaca Town on Redfin.com
227 Highgate Rd, Ithaca
- Price: $749,900
- 5 bedrooms, 4 bathrooms
- Square feet: 3,142
- Price per square foot: $238
- See 227 Highgate Rd, Ithaca on Redfin.com
5 Arrowood Ln, Lansing
- Price: $745,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,615
- Price per square foot: $284
- See 5 Arrowood Ln, Lansing on Redfin.com
36 Forest Acres Dr, Lansing
- Price: $734,999
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,312
- Price per square foot: $317
- See 36 Forest Acres Dr, Lansing on Redfin.com
318 Blackstone Ave, Ithaca Town
- Price: $719,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,161
- Price per square foot: $227
- See 318 Blackstone Ave, Ithaca Town on Redfin.com
133 E King Rd, Ithaca Town
- Price: $714,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,504
- Price per square foot: $203
- See 133 E King Rd, Ithaca Town on Redfin.com
2 Woodland Way, Lansing
- Price: $699,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,921
- Price per square foot: $178
- See 2 Woodland Way, Lansing on Redfin.com
202 Roat St, Ithaca City
- Price: $699,000
- 8 bedrooms, 3 bathrooms
- Square feet: 3,144
- Price per square foot: $222
- See 202 Roat St, Ithaca City on Redfin.com
20 Renwick Heights Rd, Ithaca Town
- Price: $665,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,160
- Price per square foot: $307
- See 20 Renwick Heights Rd, Ithaca Town on Redfin.com
27 Forest Acres Dr, Lansing
- Price: $650,000
- 4 bedrooms, 5.5 bathrooms
- Square feet: 3,493
- Price per square foot: $186
- See 27 Forest Acres Dr, Lansing on Redfin.com
1017 Cayuga Heights Rd, Lansing
- Price: $649,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,739
- Price per square foot: $237
- See 1017 Cayuga Heights Rd, Lansing on Redfin.com
215 Dearborn Pl, Ithaca City
- Price: $649,000
- 6 bedrooms, 3.5 bathrooms
- Square feet: 2,927
- Price per square foot: $221
- See 215 Dearborn Pl, Ithaca City on Redfin.com
501 Warren Rd, Ithaca Town
- Price: $629,000
- 8 bedrooms, 5 bathrooms
- Square feet: 4,184
- Price per square foot: $150
- See 501 Warren Rd, Ithaca Town on Redfin.com
1035 Cayuga Heights Rd, Lansing
- Price: $625,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,008
- Price per square foot: $207
- See 1035 Cayuga Heights Rd, Lansing on Redfin.com
44 Aspen Way, Lansing
- Price: $615,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,570
- Price per square foot: $239
- See 44 Aspen Way, Lansing 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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