The people's voice of reason
The people's voice of reason
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 Florence. Listings between $500,000 and $1,000,000 were included.
11142 E Copper Dust Trl, Florence
- Price: $899,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,421
- Price per square foot: $371
- See 11142 E Copper Dust Trl, Florence on Redfin.com
29476 N Wolfe Trl, Florence
- Price: $850,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,586
- Price per square foot: $328
- See 29476 N Wolfe Trl, Florence on Redfin.com
28151 N Faded Creek Dr, Florence
- Price: $699,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,438
- Price per square foot: $286
- See 28151 N Faded Creek Dr, Florence on Redfin.com
6378 W Pinehurst Ct, Florence
- Price: $683,265
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,509
- Price per square foot: $272
- See 6378 W Pinehurst Ct, Florence on Redfin.com
9937 E Harvest Rd, Florence
- Price: $639,900
- 5 bedrooms, 4 bathrooms
- Square feet: 3,100
- Price per square foot: $206
- See 9937 E Harvest Rd, Florence on Redfin.com
23717 N Mustang Way, Florence
- Price: $605,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,336
- Price per square foot: $258
- See 23717 N Mustang Way, Florence on Redfin.com
28003 N Faded Creek Dr, Florence
- Price: $599,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,924
- Price per square foot: $311
- See 28003 N Faded Creek Dr, Florence on Redfin.com
4190 N Imperial Ct, Florence
- Price: $599,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,494
- Price per square foot: $240
- See 4190 N Imperial Ct, Florence on Redfin.com
27141 E Javelina Dr, Florence
- Price: $592,999
- 3 bedrooms, 2 bathrooms
- Square feet: 2,090
- Price per square foot: $283
- See 27141 E Javelina Dr, Florence on Redfin.com
23705 N Chaps Dr, Florence
- Price: $590,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,652
- Price per square foot: $357
- See 23705 N Chaps Dr, Florence on Redfin.com
5771 W Cinder Brook Way, Florence
- Price: $589,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,590
- Price per square foot: $227
- See 5771 W Cinder Brook Way, Florence on Redfin.com
7714 W Meadowlark Way, Florence
- Price: $574,990
- 3 bedrooms, 2 bathrooms
- Square feet: 2,354
- Price per square foot: $244
- See 7714 W Meadowlark Way, Florence on Redfin.com
4167 N Brigadier Dr, Florence
- Price: $569,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,514
- Price per square foot: $226
- See 4167 N Brigadier Dr, Florence on Redfin.com
7515 W Merriweather Way, Florence
- Price: $560,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,537
- Price per square foot: $220
- See 7515 W Merriweather Way, Florence on Redfin.com
7870 W Mockingbird Way, Florence
- Price: $559,990
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,736
- Price per square foot: $204
- See 7870 W Mockingbird Way, Florence on Redfin.com
9942 E Cotton Rd, Florence
- Price: $549,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,407
- Price per square foot: $228
- See 9942 E Cotton Rd, Florence on Redfin.com
5857 W Cactus Wren Way, Florence
- Price: $549,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,111
- Price per square foot: $260
- See 5857 W Cactus Wren Way, Florence on Redfin.com
4082 N Monticello Dr, Florence
- Price: $549,500
- 2 bedrooms, 2 bathrooms
- Square feet: 2,352
- Price per square foot: $233
- See 4082 N Monticello Dr, Florence on Redfin.com
7836 W Mockingbird Way, Florence
- Price: $546,990
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,509
- Price per square foot: $218
- See 7836 W Mockingbird Way, Florence on Redfin.com
19430 E Erik Ct, Florence
- Price: $545,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,074
- Price per square foot: $263
- See 19430 E Erik Ct, Florence on Redfin.com
23437 E Cactus Forest Rd, Florence
- Price: $545,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,027
- Price per square foot: $269
- See 23437 E Cactus Forest Rd, Florence on Redfin.com
9917 E Barley Rd, Florence
- Price: $539,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,382
- Price per square foot: $226
- See 9917 E Barley Rd, Florence on Redfin.com
6694 W Ripken Ct, Florence
- Price: $530,712
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,569
- Price per square foot: $206
- See 6694 W Ripken Ct, Florence on Redfin.com
5942 W Cactus Wren Way, Florence
- Price: $527,500
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,541
- Price per square foot: $207
- See 5942 W Cactus Wren Way, Florence on Redfin.com
7854 W Mockingbird Way, Florence
- Price: $524,990
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,474
- Price per square foot: $212
- See 7854 W Mockingbird Way, Florence on Redfin.com
10772 N Biznaga St, Florence
- Price: $524,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,424
- Price per square foot: $368
- See 10772 N Biznaga St, Florence on Redfin.com
7087 W Turnstone Dr, Florence
- Price: $520,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,995
- Price per square foot: $260
- See 7087 W Turnstone Dr, Florence on Redfin.com
4156 N Spyglass Dr, Florence
- Price: $519,700
- 2 bedrooms, 2 bathrooms
- Square feet: 1,856
- Price per square foot: $280
- See 4156 N Spyglass Dr, Florence on Redfin.com
4253 N Palo Verde Dr, Florence
- Price: $516,940
- 3 bedrooms, 2 bathrooms
- Square feet: 2,330
- Price per square foot: $221
- See 4253 N Palo Verde Dr, Florence on Redfin.com
22750 E Roper Ln, Florence
- Price: $509,777
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,000
- Price per square foot: $254
- See 22750 E Roper Ln, Florence on Redfin.com
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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