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 Cleveland. Listings between $500,000 and $1,000,000 were included.
1423 Kenilworth Ave, Cleveland
- Price: $995,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,300
- Price per square foot: $301
- See 1423 Kenilworth Ave, Cleveland on Redfin.com
1898 E 123rd St #101, Cleveland
- Price: $879,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,249
- Price per square foot: $270
- See 1898 E 123rd St #101, Cleveland on Redfin.com
2044 Random Rd #303, Cleveland
- Price: $875,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,522
- Price per square foot: $346
- See 2044 Random Rd #303, Cleveland on Redfin.com
11233 N Park Pl #23, Cleveland
- Price: $819,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,861
- Price per square foot: $286
- See 11233 N Park Pl #23, Cleveland on Redfin.com
1911 Abbey Ave, Cleveland
- Price: $798,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,302
- Price per square foot: $346
- See 1911 Abbey Ave, Cleveland on Redfin.com
10116 Edgewater Dr, Cleveland
- Price: $777,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,871
- Price per square foot: $200
- See 10116 Edgewater Dr, Cleveland on Redfin.com
5217 Herman Ave Unit S/L 3, Cleveland
- Price: $739,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,174
- Price per square foot: $340
- See 5217 Herman Ave Unit S/L 3, Cleveland on Redfin.com
2155 Columbus Rd, Cleveland
- Price: $735,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,224
- Price per square foot: $330
- See 2155 Columbus Rd, Cleveland on Redfin.com
3897 Clinton Ave, Cleveland
- Price: $730,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 3,047
- Price per square foot: $239
- See 3897 Clinton Ave, Cleveland on Redfin.com
2149 Columbus Rd, Cleveland
- Price: $725,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,224
- Price per square foot: $325
- See 2149 Columbus Rd, Cleveland on Redfin.com
5221 Herman Ave Unit S/L 5, Cleveland
- Price: $719,800
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,173
- Price per square foot: $331
- See 5221 Herman Ave Unit S/L 5, Cleveland on Redfin.com
2147 Columbus Rd, Cleveland
- Price: $715,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,224
- Price per square foot: $321
- See 2147 Columbus Rd, Cleveland on Redfin.com
3015 Hancock Ave, Cleveland
- Price: $715,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,914
- Price per square foot: $373
- See 3015 Hancock Ave, Cleveland on Redfin.com
1893 Coltman Rd #10, Cleveland
- Price: $709,900
- 3 bedrooms, 4 bathrooms
- Square feet: 2,192
- Price per square foot: $323
- See 1893 Coltman Rd #10, Cleveland on Redfin.com
9903 Edgewater Dr. Dr, Cleveland
- Price: $699,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,251
- Price per square foot: $310
- See 9903 Edgewater Dr. Dr, Cleveland on Redfin.com
2157 Columbus Rd, Cleveland
- Price: $699,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,224
- Price per square foot: $314
- See 2157 Columbus Rd, Cleveland on Redfin.com
701 W Lakeside Ave #1001, Cleveland
- Price: $695,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,952
- Price per square foot: $356
- See 701 W Lakeside Ave #1001, Cleveland on Redfin.com
1237 Washington Ave #1202, Cleveland
- Price: $689,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,980
- Price per square foot: $347
- See 1237 Washington Ave #1202, Cleveland on Redfin.com
2043 Random Rd #303, Cleveland
- Price: $675,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,841
- Price per square foot: $237
- See 2043 Random Rd #303, Cleveland on Redfin.com
11613 Lake Ave, Cleveland
- Price: $675,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,953
- Price per square foot: $345
- See 11613 Lake Ave, Cleveland on Redfin.com
1367 W 74th St, Cleveland
- Price: $674,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,140
- Price per square foot: $315
- See 1367 W 74th St, Cleveland on Redfin.com
17728 Windward Rd, Cleveland
- Price: $674,200
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,101
- Price per square foot: $320
- See 17728 Windward Rd, Cleveland on Redfin.com
9521 Lake Ave #6, Cleveland
- Price: $665,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,116
- Price per square foot: $314
- See 9521 Lake Ave #6, Cleveland on Redfin.com
9521 Lake Ave, Cleveland
- Price: $665,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,116
- Price per square foot: $314
- See 9521 Lake Ave, Cleveland on Redfin.com
11101 Edgewater Dr, Cleveland
- Price: $650,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,548
- Price per square foot: $255
- See 11101 Edgewater Dr, Cleveland on Redfin.com
1928 W 48th St, Cleveland
- Price: $650,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,848
- Price per square foot: $351
- See 1928 W 48th St, Cleveland on Redfin.com
4211 Clinton Ave, Cleveland
- Price: $649,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,885
- Price per square foot: $344
- See 4211 Clinton Ave, Cleveland on Redfin.com
720 University Ct, Cleveland
- Price: $630,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,905
- Price per square foot: $330
- See 720 University Ct, Cleveland 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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