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 New York City. Listings between $500,000 and $1,000,000 were included.
309 E 108th St Unit 2-E, New York City
- Price: $1,000,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,700
- Price per square foot: $588
- See 309 E 108th St Unit 2-E, New York City on Redfin.com
140 Jefferson Ave #4, Brooklyn
- Price: $1,000,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,030
- Price per square foot: $970
- See 140 Jefferson Ave #4, Brooklyn on Redfin.com
20 Pine St #516, New York (manhattan)
- Price: $1,000,000
- 0 bedrooms, 1 bathroom
- Square feet: 1,006
- Price per square foot: $994
- See 20 Pine St #516, New York (manhattan) 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
1760 2nd Ave Unit 2B, New York City
- Price: $1,000,000
- 1 bedroom, 1.5 bathrooms
- Square feet: 843
- Price per square foot: $1,186
- See 1760 2nd Ave Unit 2B, New York City on Redfin.com
184 Kent Ave Unit D101, Brooklyn
- Price: $1,000,000
- 1 bedroom, 1 bathroom
- Square feet: 656
- Price per square foot: $1,524
- See 184 Kent Ave Unit D101, Brooklyn on Redfin.com
148-16 Rockaway Beach Blvd, Neponsit
- Price: $999,999
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,468
- Price per square foot: $223
- See 148-16 Rockaway Beach Blvd, Neponsit on Redfin.com
11538 238th St, Elmont
- Price: $999,999
- 5 bedrooms, 3.5 bathrooms
- Square feet: 1,882
- Price per square foot: $531
- See 11538 238th St, Elmont on Redfin.com
32-23 76th St, East Elmhurst
- Price: $999,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,728
- Price per square foot: $578
- See 32-23 76th St, East Elmhurst on Redfin.com
97 Battery Ave Unit 3B, Brooklyn
- Price: $999,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,538
- Price per square foot: $650
- See 97 Battery Ave Unit 3B, Brooklyn on Redfin.com
13-12 146th St, Whitestone
- Price: $999,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,437
- Price per square foot: $695
- See 13-12 146th St, Whitestone on Redfin.com
846 Stanley Ave, Brooklyn
- Price: $999,999
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,400
- Price per square foot: $714
- See 846 Stanley Ave, Brooklyn on Redfin.com
2622 Fillmore Ave, Brooklyn
- Price: $999,999
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,280
- Price per square foot: $781
- See 2622 Fillmore Ave, Brooklyn on Redfin.com
71 Eltinge St, Staten Island
- Price: $999,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,272
- Price per square foot: $786
- See 71 Eltinge St, Staten Island on Redfin.com
144-11 Newport Ave, Belle Harbor
- Price: $999,999
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,200
- Price per square foot: $833
- See 144-11 Newport Ave, Belle Harbor on Redfin.com
15 Broad St #904, New York City
- Price: $999,999
- 1 bedroom, 1 bathroom
- Square feet: 1,200
- Price per square foot: $833
- See 15 Broad St #904, New York City on Redfin.com
300 W 145th St Unit 1-N, New York City
- Price: $999,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,100
- Price per square foot: $909
- See 300 W 145th St Unit 1-N, New York City on Redfin.com
238 Kosciuscko St, Brooklyn
- Price: $999,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,000
- Price per square foot: $999
- See 238 Kosciuscko St, Brooklyn on Redfin.com
237 Devoe St Unit 1-R, Brooklyn
- Price: $999,999
- 1 bedroom, 1.5 bathrooms
- Square feet: 987
- Price per square foot: $1,013
- See 237 Devoe St Unit 1-R, Brooklyn on Redfin.com
300 W 145th St Unit 7C, New York City
- Price: $999,999
- 2 bedrooms, 2 bathrooms
- Square feet: 980
- Price per square foot: $1,020
- See 300 W 145th St Unit 7C, New York City on Redfin.com
301 W 118th St Unit 7-H, New York City
- Price: $999,999
- 2 bedrooms, 2 bathrooms
- Square feet: 933
- Price per square foot: $1,071
- See 301 W 118th St Unit 7-H, New York City on Redfin.com
753 E 5th St Unit 1A, New York City
- Price: $999,999
- 2 bedrooms, 2 bathrooms
- Square feet: 900
- Price per square foot: $1,111
- See 753 E 5th St Unit 1A, New York City on Redfin.com
250 E 40th St Unit 17F, New York City
- Price: $999,999
- 1 bedroom, 1.5 bathrooms
- Square feet: 883
- Price per square foot: $1,132
- See 250 E 40th St Unit 17F, New York City on Redfin.com
17446 Gladwin Ave, Fresh Meadows
- Price: $999,999
- 2 bedrooms, 1.5 bathrooms
- Square feet: 836
- Price per square foot: $1,196
- See 17446 Gladwin Ave, Fresh Meadows on Redfin.com
420 W 25th St Unit 2K, New York City
- Price: $999,999
- 1 bedroom, 1 bathroom
- Square feet: 830
- Price per square foot: $1,204
- See 420 W 25th St Unit 2K, New York City on Redfin.com
100 United Nations Plz Unit 17C, New York (manhattan)
- Price: $999,999
- 1 bedroom, 1 bathroom
- Square feet: 791
- Price per square foot: $1,264
- See 100 United Nations Plz Unit 17C, New York (manhattan) 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
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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