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 7 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, FL. “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? We pulled current listings from Redfin.com to see how far it goes in 25 different cities. From wooded mansions to urban condos, here’s a look at what’s out there.
1. Alexandria, VA
3210 Old Dominion Blvd, Alexandria, VA 22305
Arlington houses come at a premium. This Colonial offers 3 beds, 2 baths, and 1,906 sq ft on a wooded quarter-acre lot. Compared to somewhere like New Haven, you get half the square footage for the same price.
2. Atlanta, GA
475 Rose Garden Ln, Alpharetta, GA 30009
A market tipped in homebuyers’ favor, Atlanta offers a lot for those with the budget. This end-unit townhome in nearby Alpharetta offers 4 beds and 3.5 baths over 2,640 sq ft.
3. Aurora, IL
9439 Corneils Rd, Bristol, IL 60512
Located on the outskirts of Aurora, a Chicago suburb, this historic 19th-century dairy barn has been transformed into a 9,150 square-foot home that overlooks gorgeous farmland. $1 million can buy you quite the house in exurban Illinois.
4. Austin, TX
182 Emma Loop, Austin, TX 78737
In Austin, $1 million can buy a 3,700 sq ft, 4-bed, 3.5-bath home like this one – backing onto a greenbelt with a spa-like primary suite, office, media room, and 3-car garage. Prices have dropped substantially in the past few years, helping seven-digit budgets go further than they used to.
5. Baltimore, MD
1104 High Country Rd, Baltimore, MD 21286
Set on a wooded acre in the outskirts of Baltimore, this 3,262 sq ft “Acorn Deck House” features post-and-beam design, floor-to-ceiling glass, and plenty of decks. $1 million can buy more than three median-priced homes in Baltimore.
6. Cambridge, MA
305 Webster Ave #109, Cambridge, MA 02141
$1 million doesn’t go as far in Cambridge, where the median sale price is $1.2 million. This 1,252 sq ft live-work condo features elevator access and polished concrete floors with a quartz kitchen.
7. Charleston, SC
3525 E Higgins Dr, Mount Pleasant, SC 29466
More than twice the local median sale price, this 2,400 sq-ft home features 3 bedrooms, 2.5 bathrooms, and easy access to amenities like Isle of Palms and downtown Charleston.
8. Denver, CO
256 Bannock St, Denver, CO 80223
This preserved 1901 brick bungalow in Denver spans 1,822 sq ft with 3 beds, 2 baths, and a large front yard.
9. Fort Lauderdale, FL
2430 Cat Cay Ln, Fort Lauderdale, FL 33312
This $1 million home is just 1,400 square feet, but it comes with a pool, 3 bedrooms, 2 bathrooms, and a large outdoor entertainment area.
10. Grand Rapids, MI
9547 Downes St NE, Lowell, MI 49331
In eastern Grand Rapids, this Michigan home spans 4,300+ square feet with 5 bedrooms and 3.5 bathrooms. Nearby Detroit is the cheapest city to live in the nation, so it’s no surprise you can buy something large in Grand Rapids for $1 million.
11. Houston, TX
2706 Westgate St, Houston, TX 77098
Houston has some of the lowest house prices in the country, so $1 million goes pretty far. This home is just minutes from downtown and spans 3,650 sq ft, with 4 beds, 3 baths, and luxury amenities on every floor.
12. Jersey City, NJ
800 Avenue at Port Imperial #508, Weehawken, NJ 07086
Jersey City’s high rises command a steep price. This condo along the Hudson River is just 973 sq ft with 2 beds and 2 baths. There are luxury features, though, like quartz countertops and a resident-only pool and gym. Views of the Manhattan skyline don’t hurt, either.
13. Kansas City, MO
4731 Fairmount Ave, Kansas City, MO 64112
This 3,000 sq ft West Plaza home features 4 beds, 3.5 baths, a marble fireplace, a 2-car garage, and covered deck. This $1 million house is over three times more expensive than the typical Kansas City home.
14. Las Vegas, NV
7255 Bold Rock Ave, Las Vegas, NV 89113
Even after its pandemic-era boom, $1 million can still buy you a lot of house in Las Vegas – like this 5-bedroom, 4-bathroom, 4,300-sq-ft home at the edge of town.
15. Los Angeles, CA
321 N Oakhurst Dr #404, Beverly Hills, CA 90210
Los Angeles is incredibly expensive, especially among locals. $1 million doesn’t even clear the median sale price. This listing is a Beverly Hills condo with 1,820 square feet, 2 beds, and 2 baths.
16. Minneapolis, MN
15 Summit Pl, Minneapolis, MN 55403
Minneapolis is among the most expensive Midwestern cities, but $1 million still goes a long way. Take this twin home: 3,200 sq ft with 4 beds, 3 baths, vaulted ceilings, and a wooded multi-level patio.
17. New Haven, CT
11 Aldo Dr, Woodbridge, CT 06525
In New Haven, $1 million can buy you a 4,300 sq ft colonial house with 4 beds, 2.5 baths, a vaulted family room, and a 3-car garage.
18. Phoenix, AZ
1330 E Monte Way, Phoenix, AZ 85042
House prices vary widely in the Phoenix area – and are the highest in Scottsdale, where the typical house goes for over $900k. This 3,500 square-foot home is located in more affordable South Phoenix and has 4 bedrooms, 3.5 bathrooms, and solar panels.
19. Portland, OR
2327 NW Northrup St #7, Portland, OR 97210
This 4-bed, 3.5-bath Portland townhouse offers nearly 3,000 sq ft, multiple decks, and 2-car parking in the heart of downtown. Portland’s suburbs are cheaper than its downtown core, so you can get more space for the same price in places like Beaverton.
20. Salt Lake City, UT
6923 W Long Ridge Dr S, Herriman, UT 84096
Salt Lake City continues to grow alongside its house prices, but this $1 million house still feels like a steal. With 4,600 square feet of living space, this home includes 6 bedrooms, 3.5 bathrooms, a finished basement, and community amenities.
21. San Diego, CA
3055 Suncrest Dr, San Diego, CA 92116
For just under $1 million in San Diego, you can own this 906 sq-ft Spanish-Revival house. It has 2 bedrooms, 1 bathroom, a brick-laden back patio and room for a garden. San Diego was the most expensive city to live in the country in 2023, and costs haven’t dropped since.
22. San Jose, CA
1310 Thistle Pl, Milpitas, CA 95035
San Jose has the highest house prices among major U.S. metros, so it’s not surprising that $1 million buys a fairly small home. This updated 2-bed, 2-bath house in Milpitas is 1,200 square feet.
23. Seattle, WA
410 A 10th Ave E, Seattle, WA 98102
This 3-story, 1,490-square-foot townhome is a quintessential example of what $1 million buys in Seattle. Modern finishes, two decks, and a great location are major benefits.
24. Spokane, WA
24106 E Broadway Ct, Liberty Lake, WA 99019
Spokane is far cheaper than Seattle, so a $1 million house looks a lot different. This listing features 4 bedrooms and 3 bathrooms across 5,205 square feet, along with resort-style amenities and a huge property.
25. Wilmington, NC
9406 Voyagers Way, Wilmington, NC 28412
In Wilmington, $1 million can buy you a 3,484 square-foot coastal house with waterfront views – like this 4-bed, 3.5-bath home on a peaceful cul-de-sac.
Methodology
All listings are listed by a Redfin real estate agent and were active as of July 9, 2025. Housing market data is sourced from Redfin and covers through May 2025.
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