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 Rochester. Listings between $500,000 and $1,000,000 were included.
12 Elmwood Hill Ln, Brighton
- Price: $999,765
- 5 bedrooms, 5.5 bathrooms
- Square feet: 5,000
- Price per square foot: $199
- See 12 Elmwood Hill Ln, Brighton on Redfin.com
58 Nellis Park, Rochester
- Price: $900,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,250
- Price per square foot: $720
- See 58 Nellis Park, Rochester on Redfin.com
123 Kilbourn Rd, Pittsford
- Price: $895,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,315
- Price per square foot: $269
- See 123 Kilbourn Rd, Pittsford on Redfin.com
5 Saint Johnsville Trl, Brighton
- Price: $879,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,063
- Price per square foot: $426
- See 5 Saint Johnsville Trl, Brighton on Redfin.com
556 Allens Creek Rd, Pittsford
- Price: $849,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,137
- Price per square foot: $270
- See 556 Allens Creek Rd, Pittsford on Redfin.com
2695 East Ave, Brighton
- Price: $799,000
- 6 bedrooms, 3.5 bathrooms
- Square feet: 4,394
- Price per square foot: $181
- See 2695 East Ave, Brighton on Redfin.com
90 Stoneleigh Ct, Pittsford
- Price: $795,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 3,000
- Price per square foot: $265
- See 90 Stoneleigh Ct, Pittsford on Redfin.com
18 Saint Johnsville Trl, Brighton
- Price: $794,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,057
- Price per square foot: $386
- See 18 Saint Johnsville Trl, Brighton on Redfin.com
Lot 10 Dirienzo Dr, Greece
- Price: $789,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,257
- Price per square foot: $349
- See Lot 10 Dirienzo Dr, Greece on Redfin.com
95 Colebare, Greece
- Price: $772,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,712
- Price per square foot: $284
- See 95 Colebare, Greece on Redfin.com
100 Eastland Ave Ave, Brighton
- Price: $749,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,272
- Price per square foot: $229
- See 100 Eastland Ave Ave, Brighton on Redfin.com
Lot 6 Dirienzo Dr, Greece
- Price: $749,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,136
- Price per square foot: $351
- See Lot 6 Dirienzo Dr, Greece on Redfin.com
80 Colebare, Greece
- Price: $749,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,335
- Price per square foot: $320
- See 80 Colebare, Greece on Redfin.com
110 Weidner Rd, Rochester
- Price: $650,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,610
- Price per square foot: $249
- See 110 Weidner Rd, Rochester on Redfin.com
960 Landing Rd N, Brighton
- Price: $649,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,376
- Price per square foot: $192
- See 960 Landing Rd N, Brighton on Redfin.com
1 Capron St Unit UN203, Rochester
- Price: $649,900
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,492
- Price per square foot: $435
- See 1 Capron St Unit UN203, Rochester on Redfin.com
250 Bronze Leaf Trl, Greece
- Price: $648,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,400
- Price per square foot: $270
- See 250 Bronze Leaf Trl, Greece on Redfin.com
112 Heather Rdg, Greece
- Price: $639,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,170
- Price per square foot: $201
- See 112 Heather Rdg, Greece on Redfin.com
39 N Country Club Dr, Pittsford
- Price: $639,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,083
- Price per square foot: $207
- See 39 N Country Club Dr, Pittsford on Redfin.com
1 Creekside Ln, Pittsford
- Price: $635,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,144
- Price per square foot: $201
- See 1 Creekside Ln, Pittsford on Redfin.com
60 Colebare Way, Greece
- Price: $630,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,609
- Price per square foot: $241
- See 60 Colebare Way, Greece on Redfin.com
2550 East Ave, Brighton
- Price: $599,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,000
- Price per square foot: $199
- See 2550 East Ave, Brighton on Redfin.com
290 Hollywood Ave, Brighton
- Price: $589,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,814
- Price per square foot: $209
- See 290 Hollywood Ave, Brighton on Redfin.com
120 Cottage St, Rochester
- Price: $550,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,232
- Price per square foot: $446
- See 120 Cottage St, Rochester on Redfin.com
106 Cottage St, Rochester
- Price: $550,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,036
- Price per square foot: $530
- See 106 Cottage St, Rochester on Redfin.com
182 Cottage St, Rochester
- Price: $550,000
- 2 bedrooms, 2 bathrooms
- Square feet: 940
- Price per square foot: $585
- See 182 Cottage St, Rochester on Redfin.com
102 Cottage St, Rochester
- Price: $550,000
- 2 bedrooms, 1 bathroom
- Square feet: 841
- Price per square foot: $653
- See 102 Cottage St, Rochester on Redfin.com
75 Sackets Lndg, Greece
- Price: $549,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,474
- Price per square foot: $222
- See 75 Sackets Lndg, Greece on Redfin.com
2956 Saint Paul Blvd, Irondequoit
- Price: $549,000
- 10 bedrooms, 6 bathrooms
- Square feet: 9,035
- Price per square foot: $60
- See 2956 Saint Paul Blvd, Irondequoit on Redfin.com
220 Bronze Leaf Trl, Greece
- Price: $527,800
- 3 bedrooms, 2 bathrooms
- Square feet: 1,624
- Price per square foot: $325
- See 220 Bronze Leaf Trl, Greece 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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