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 Longview, Texas. Listings between $500,000 and $1,000,000 were included.
102 Hunters Creek Dr, Longview
- Price: $999,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,226
- Price per square foot: $191
- See 102 Hunters Creek Dr, Longview on Redfin.com
4519 Virginia Creek Rd, Longview
- Price: $997,640
- 4 bedrooms, 3 bathrooms
- Square feet: 3,531
- Price per square foot: $282
- See 4519 Virginia Creek Rd, Longview on Redfin.com
3 Lakeside, Longview
- Price: $995,000
- 5 bedrooms, 5.5 bathrooms
- Square feet: 5,550
- Price per square foot: $179
- See 3 Lakeside, Longview on Redfin.com
4505 Virginia Creek Rd, Longview
- Price: $989,900
- 4 bedrooms, 4 bathrooms
- Square feet: 3,487
- Price per square foot: $283
- See 4505 Virginia Creek Rd, Longview on Redfin.com
205 Shortleaf, Longview
- Price: $950,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,450
- Price per square foot: $275
- See 205 Shortleaf, Longview on Redfin.com
11435 Fm 968 W, Hallsville
- Price: $899,999
- 3 bedrooms, 3 bathrooms
- Square feet: 3,380
- Price per square foot: $266
- See 11435 Fm 968 W, Hallsville on Redfin.com
225 Alexis Dr, Longview
- Price: $899,900
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,334
- Price per square foot: $207
- See 225 Alexis Dr, Longview on Redfin.com
311 Twin Oaks Dr, Longview
- Price: $895,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,413
- Price per square foot: $202
- See 311 Twin Oaks Dr, Longview on Redfin.com
3401 Oak Hill Trl, Longview
- Price: $895,000
- 5 bedrooms, 4 bathrooms
- Square feet: 4,220
- Price per square foot: $212
- See 3401 Oak Hill Trl, Longview on Redfin.com
4005 Valley Rnch, Longview
- Price: $879,888
- 4 bedrooms, 3 bathrooms
- Square feet: 3,059
- Price per square foot: $287
- See 4005 Valley Rnch, Longview on Redfin.com
5003 Lavender Leaf Ln, Longview
- Price: $875,000
- 5 bedrooms, 5.5 bathrooms
- Square feet: 4,430
- Price per square foot: $197
- See 5003 Lavender Leaf Ln, Longview on Redfin.com
3897 Lansing Switch Rd, Longview
- Price: $825,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,352
- Price per square foot: $350
- See 3897 Lansing Switch Rd, Longview on Redfin.com
322 Roy Green Rd, Longview
- Price: $815,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,446
- Price per square foot: $236
- See 322 Roy Green Rd, Longview on Redfin.com
3009 Fairway Oaks Ln, Longview
- Price: $799,900
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,198
- Price per square foot: $153
- See 3009 Fairway Oaks Ln, Longview on Redfin.com
1272 Fm 2751, Longview
- Price: $799,500
- 6 bedrooms, 5 bathrooms
- Square feet: 4,857
- Price per square foot: $164
- See 1272 Fm 2751, Longview on Redfin.com
615 Dennard St, Longview
- Price: $799,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,100
- Price per square foot: $194
- See 615 Dennard St, Longview on Redfin.com
5427 Tevey Rd, Longview
- Price: $795,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,730
- Price per square foot: $213
- See 5427 Tevey Rd, Longview on Redfin.com
175 Rockrose Dr, Longview
- Price: $789,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,461
- Price per square foot: $228
- See 175 Rockrose Dr, Longview on Redfin.com
375 Honeysuckle Ln, Longview
- Price: $785,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 6,788
- Price per square foot: $115
- See 375 Honeysuckle Ln, Longview on Redfin.com
1600 Olympic Dr, Longview
- Price: $785,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,649
- Price per square foot: $215
- See 1600 Olympic Dr, Longview on Redfin.com
2901 Fairway Oaks Ln, Longview
- Price: $785,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,591
- Price per square foot: $218
- See 2901 Fairway Oaks Ln, Longview on Redfin.com
200 Oakland Dr, Longview
- Price: $779,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,791
- Price per square foot: $205
- See 200 Oakland Dr, Longview on Redfin.com
1112 Masters Way, Longview
- Price: $775,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,272
- Price per square foot: $236
- See 1112 Masters Way, Longview on Redfin.com
130 Elk Dr, Longview
- Price: $770,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,999
- Price per square foot: $256
- See 130 Elk Dr, Longview on Redfin.com
175 Thorn Briar Trl, Longview
- Price: $759,899
- 4 bedrooms, 3 bathrooms
- Square feet: 2,719
- Price per square foot: $279
- See 175 Thorn Briar Trl, Longview on Redfin.com
572 East Mountain Rd, Longview
- Price: $750,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,052
- Price per square foot: $365
- See 572 East Mountain Rd, Longview on Redfin.com
3841 Castle Rdg, Longview
- Price: $749,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,825
- Price per square foot: $155
- See 3841 Castle Rdg, Longview on Redfin.com
3 Spring Creek Pl, Longview
- Price: $749,900
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,703
- Price per square foot: $159
- See 3 Spring Creek Pl, Longview on Redfin.com
3000 Fairway Oaks, Longview
- Price: $729,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,126
- Price per square foot: $233
- See 3000 Fairway Oaks, Longview on Redfin.com
1214 Lesley Ln, Longview
- Price: $725,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,499
- Price per square foot: $161
- See 1214 Lesley Ln, Longview 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.