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 Dover. Listings between $500,000 and $1,000,000 were included.
84 Spotted Acres Farm Ln, Dover
- Price: $975,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,008
- Price per square foot: $967
- See 84 Spotted Acres Farm Ln, Dover on Redfin.com
90 Resort Blvd, Dover
- Price: $785,995
- 3 bedrooms, 3 bathrooms
- Square feet: 3,395
- Price per square foot: $231
- See 90 Resort Blvd, Dover on Redfin.com
65 Skipping Stone Ln, Dover
- Price: $735,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,887
- Price per square foot: $254
- See 65 Skipping Stone Ln, Dover on Redfin.com
Brookfield Dr, Dover
- Price: $684,025
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,345
- Price per square foot: $204
- See Brookfield Dr, Dover on Redfin.com
85 Chucker Xing, Dover
- Price: $674,850
- 5 bedrooms, 3.5 bathrooms
- Square feet: 5,168
- Price per square foot: $130
- See 85 Chucker Xing, Dover on Redfin.com
1022 Fawn Haven Walk, Dover
- Price: $650,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,884
- Price per square foot: $225
- See 1022 Fawn Haven Walk, Dover on Redfin.com
104 Lake Front Dr, Dover
- Price: $650,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,850
- Price per square foot: $228
- See 104 Lake Front Dr, Dover on Redfin.com
885 Leipsic Rd, Dover
- Price: $650,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,447
- Price per square foot: $449
- See 885 Leipsic Rd, Dover on Redfin.com
234 Pine Valley Rd, Dover
- Price: $649,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,506
- Price per square foot: $185
- See 234 Pine Valley Rd, Dover on Redfin.com
Lot 26 Brookfield Dr, Dover
- Price: $643,880
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,662
- Price per square foot: $241
- See Lot 26 Brookfield Dr, Dover on Redfin.com
850 Brookfield Dr, Dover
- Price: $643,880
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,426
- Price per square foot: $265
- See 850 Brookfield Dr, Dover on Redfin.com
5634 Pearsons Corner Rd, Dover
- Price: $615,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,864
- Price per square foot: $329
- See 5634 Pearsons Corner Rd, Dover on Redfin.com
LOT RED Brookfield Dr, Dover
- Price: $610,990
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,345
- Price per square foot: $182
- See LOT RED Brookfield Dr, Dover on Redfin.com
39 Chucker Xing, Dover
- Price: $600,000
- 4 bedrooms, 3 bathrooms
- Square feet: 6,772
- Price per square foot: $88
- See 39 Chucker Xing, Dover on Redfin.com
LOT LIN Brookfield Dr, Dover
- Price: $590,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,451
- Price per square foot: $171
- See LOT LIN Brookfield Dr, Dover on Redfin.com
77 Charleston Cir Unit G31EKZ, Dover
- Price: $584,990
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,571
- Price per square foot: $163
- See 77 Charleston Cir Unit G31EKZ, Dover on Redfin.com
182 Charleston Cir, Dover
- Price: $559,990
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,583
- Price per square foot: $122
- See 182 Charleston Cir, Dover on Redfin.com
1153 Charleston Cir Unit LEGEND, Dover
- Price: $540,990
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,700
- Price per square foot: $200
- See 1153 Charleston Cir Unit LEGEND, Dover on Redfin.com
10 N State St, Dover
- Price: $530,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 4,325
- Price per square foot: $122
- See 10 N State St, Dover on Redfin.com
46 Diemidio Dr, Dover
- Price: $530,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,592
- Price per square foot: $204
- See 46 Diemidio Dr, Dover on Redfin.com
115 Carnoustie Rd, Dover
- Price: $529,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,366
- Price per square foot: $157
- See 115 Carnoustie Rd, Dover on Redfin.com
15 Baltray Rd, Dover
- Price: $524,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,843
- Price per square foot: $184
- See 15 Baltray Rd, Dover on Redfin.com
LOT AST Brookfield Dr, Dover
- Price: $523,990
- 3 bedrooms, 2 bathrooms
- Square feet: 2,426
- Price per square foot: $215
- See LOT AST Brookfield Dr, Dover on Redfin.com
LOT SYC Brookfield Dr, Dover
- Price: $513,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,368
- Price per square foot: $217
- See LOT SYC Brookfield Dr, Dover 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.
