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 Poughkeepsie. Listings between $500,000 and $1,000,000 were included.
109 Sleight Plass Rd, Poughkeepsie
- Price: $949,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,172
- Price per square foot: $227
- See 109 Sleight Plass Rd, Poughkeepsie on Redfin.com
136 Hudson Pointe Dr, Poughkeepsie
- Price: $949,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 3,450
- Price per square foot: $275
- See 136 Hudson Pointe Dr, Poughkeepsie on Redfin.com
79 Victor Dr, Poughkeepsie
- Price: $945,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,200
- Price per square foot: $225
- See 79 Victor Dr, Poughkeepsie on Redfin.com
47 Dartmouth Dr, Poughkeepsie
- Price: $935,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,423
- Price per square foot: $273
- See 47 Dartmouth Dr, Poughkeepsie on Redfin.com
51 Dartmouth Dr, Poughkeepsie
- Price: $935,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,233
- Price per square foot: $289
- See 51 Dartmouth Dr, Poughkeepsie on Redfin.com
150 Kingwood Park, Poughkeepsie
- Price: $915,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,976
- Price per square foot: $230
- See 150 Kingwood Park, Poughkeepsie on Redfin.com
15 Dartmouth Dr, Poughkeepsie
- Price: $890,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,233
- Price per square foot: $275
- See 15 Dartmouth Dr, Poughkeepsie on Redfin.com
45 Manor Dr W, Poughkeepsie
- Price: $849,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,456
- Price per square foot: $245
- See 45 Manor Dr W, Poughkeepsie on Redfin.com
21 Dartmouth Dr, Poughkeepsie
- Price: $825,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,149
- Price per square foot: $261
- See 21 Dartmouth Dr, Poughkeepsie on Redfin.com
9 Ridgeline Dr, Poughkeepsie
- Price: $789,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,500
- Price per square foot: $225
- See 9 Ridgeline Dr, Poughkeepsie on Redfin.com
402 Waterview Dr, Poughkeepsie
- Price: $751,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,588
- Price per square foot: $290
- See 402 Waterview Dr, Poughkeepsie on Redfin.com
Lot 19B Old Field Rd, Poughkeepsie
- Price: $749,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,794
- Price per square foot: $268
- See Lot 19B Old Field Rd, Poughkeepsie on Redfin.com
150 Cedar Ave, Poughkeepsie
- Price: $725,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 4,100
- Price per square foot: $176
- See 150 Cedar Ave, Poughkeepsie on Redfin.com
10 Memory Ln, Poughkeepsie
- Price: $700,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,534
- Price per square foot: $456
- See 10 Memory Ln, Poughkeepsie on Redfin.com
18 Millbank Rd, Poughkeepsie
- Price: $699,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,800
- Price per square foot: $249
- See 18 Millbank Rd, Poughkeepsie on Redfin.com
10 Page Ct, Poughkeepsie
- Price: $679,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,394
- Price per square foot: $284
- See 10 Page Ct, Poughkeepsie on Redfin.com
651 Vassar Rd, Poughkeepsie
- Price: $675,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,112
- Price per square foot: $319
- See 651 Vassar Rd, Poughkeepsie on Redfin.com
25 Garfield Pl, Poughkeepsie
- Price: $649,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,042
- Price per square foot: $213
- See 25 Garfield Pl, Poughkeepsie on Redfin.com
17 Thornwood Dr, Poughkeepsie
- Price: $649,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,706
- Price per square foot: $239
- See 17 Thornwood Dr, Poughkeepsie on Redfin.com
29 Hillview Dr, Poughkeepsie
- Price: $649,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,266
- Price per square foot: $286
- See 29 Hillview Dr, Poughkeepsie on Redfin.com
114 Bushwick Rd, Poughkeepsie
- Price: $634,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,040
- Price per square foot: $208
- See 114 Bushwick Rd, Poughkeepsie on Redfin.com
134 S Hamilton St, Poughkeepsie
- Price: $619,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,400
- Price per square foot: $182
- See 134 S Hamilton St, Poughkeepsie on Redfin.com
13 Nichols Ct, Poughkeepsie
- Price: $610,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,970
- Price per square foot: $309
- See 13 Nichols Ct, Poughkeepsie on Redfin.com
35 Wildwood Dr, Poughkeepsie
- Price: $600,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,700
- Price per square foot: $352
- See 35 Wildwood Dr, Poughkeepsie on Redfin.com
655 Vassar Rd, Poughkeepsie
- Price: $599,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,242
- Price per square foot: $184
- See 655 Vassar Rd, Poughkeepsie on Redfin.com
17 Seaman Rd, Poughkeepsie
- Price: $589,000
- 4 bedrooms, 2 bathrooms
- Square feet: 3,198
- Price per square foot: $184
- See 17 Seaman Rd, Poughkeepsie on Redfin.com
4 High Point Dr, Poughkeepsie
- Price: $575,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,016
- Price per square foot: $190
- See 4 High Point Dr, Poughkeepsie on Redfin.com
1 Rabbit Trail Rd, Poughkeepsie
- Price: $575,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,554
- Price per square foot: $225
- See 1 Rabbit Trail Rd, Poughkeepsie on Redfin.com
62 Cramer Rd, Poughkeepsie
- Price: $565,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,984
- Price per square foot: $189
- See 62 Cramer Rd, Poughkeepsie on Redfin.com
36 Valkill Dr, Poughkeepsie
- Price: $560,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,592
- Price per square foot: $216
- See 36 Valkill Dr, Poughkeepsie on Redfin.com
27 Bower Rd, Poughkeepsie
- Price: $560,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,154
- Price per square foot: $259
- See 27 Bower Rd, Poughkeepsie 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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