- Million-dollar listings have become commonplace in the US real estate market.
- But when you compare the cost-per-square-foot for million-dollar listings across the country, you’ll find very different results.
- In Detroit, Michigan, $1 million will fetch more than 5,000 square feet, while the same priced home in New York City buys less than 800 square feet.
- Visit Business Insider’s homepage for more stories.
Million-dollar listings once heralded true luxury for Americans who could afford it, but now – according to a Trulia report last year – more than 4%of all homes across the 100 largest US metros are worth at least $1 million.
Still, how much space seven figures will buy in different parts of the country ranges drastically. A million dollars could fetch buyers less than 800 square feet in New York City and well over 5,000 square feet in the suburbs of cities such as Detroit and Memphis.
According to listings on sites such as Trulia and Zillow, $1 million home sizes vary in each of the United States’ largest metros by population. Findings prove similar to how average $250,000 homes vary depending on location: homes in metros with lower costs of living offer more space for the same price tag.
Below, check out what a million-dollar listing looks like around the US, ordered from the least to most populous city.
Seattle, Washington
Listing price: $999,000
Square feet: 5,392
Price per square foot: $185
Boston, Massachusetts
In Massachusetts' capital city, a six-bedroom, five-bathroom home is available for around $1.1 million. The home was built in 1900.
Listing price: $1,145,000Square feet: 4,362Price per square foot: $262
Baltimore, Maryland
A $1 million five-bedroom, five-bathroom home is for sale in a Baltimore neighborhood.
Listing price: $1,000,000Square feet: 3,713Price per square foot:$269
Nashville-Davidson, Tennessee
In a surrounding Nashville neighborhood, a five-bedroom, five-bathroom lakefront home is on the market for $1 million.
Listing price: $1,000,000Square feet: 4,873Price per square foot: $205
Memphis, Tennessee
In Memphis, a four-bedroom, seven bathroom suburban home is on the market for $1.1 million.
Listing price: $1,100,000Square feet: 6,369Price per square foot: $173
El Paso, Texas
A gated four-bedroom, seven-bathroom home is currently for sale in El Paso for $1 million. The home is over $7,000 square feet in size and features an indoor swimming pool.
Listing price: $1,000,000Square feet: 7,251Price per square foot: $138
Detroit, Michigan
In a Detroit suburb, a gated four-bedroom, six-bathroom estate is on the market for just under $1 million.
Listing price: $999,900Square feet: 5,600Price per square foot: $179
Charlotte, North Carolina
A five-bedroom, six-bathroom home is currently on the market for $1 million. The home offers almost 5,000 square feet of space.
Listing price: $1,000,000Square feet: 4,900Price per square foot: $204
Louisville-Jefferson, Kentucky
In a surrounding Louisville-Jefferson area neighborhood, a four-bedroom, five-bathroom home is on the market for $1 million.
Listing price: $1,000,000Square feet: 5,321Price per square foot: $188
Fort Worth, Texas
In the Mistletoe Heights neighborhood of Fort Worth, Texas, a four-bedroom, 7-bathroom home is on the market for $1 million.
Listing price: $1,000,000Square feet: 5,270Price per square foot: $190
Columbus, Ohio
In Ohio's capital and most populous city, a suburban home in Upper Arlington is available for $1 million.
Listing price: $1,000,000Square feet: 4,900Price per square foot: $204
Austin, Texas
In Austin Texas, a three-bedroom, three-bathroom home is currently on the market.
Listing price: $1,000,000Square feet: 1,990Price per square foot: $503
San Francisco, California
In San Francisco - a city notorious for its high rent - a three-bedroom, 1-bathroom condo is available for around $1.2 million.
Listing price: $1,195,000Square feet: 1,069Price per square foot: $1,118
Jacksonville, Florida
In Jacksonville, Florida, a $1 million five-bedroom, five-bathroom home is currently on the market.
Listing price: $1,000,000Square feet: 5,482Price per square foot: $182
Indianapolis, Indiana
For $1 million, interested buyers can purchase a one-bedroom, two-bathroom residential condo in the Conrad hotel.
Listing price: $1,000,000Square feet: 1,197Price per square foot: $835
San Jose, California
A three-bedroom, two-bathroom home is available in San Jose, California for $1 million.
Listing price: $1,000,000Square feet: 1,269 Price per square foot: $788
Dallas, Texas
In Dallas, a four-bedroom, four-bathroom home is currently on the market for $1 million.
Listing price: $1,000,000Square feet: 2,758Price per square foot: $363
San Diego, California
A five-bedroom, five-bathroom home is available for $1 million in San Diego, California.
Listing price: $1,000,000Square feet: 2,701Price per square foot: $370
San Antonio, Texas
In San Antonio, Texas, a six-bedroom, six-bathroom home is currently on the market for $1.25 million. The Mediterranean-style home includes a chef's kitchen and a backyard pool.
Listing price: $1,250,000Square feet: 5,024Price per square foot: $249
Phoenix, Arizona
A four-bedroom, four-bathroom home is currently on the market near the wealthy Phoenix suburb of Paradise Valley.
Listing price: $1,000,000Square feet: 4,851Price per square foot: $206
Philadelphia, Pennsylvania
A studio apartment in Center City, Philadelphia is on the market for $1 million.
Listing price: $1,000,000 Square feet: 3,110Price per square foot: $322
Houston, Texas
In Houston, a five-bedroom, six-bathroom home is currently on the market for under $1 million. The Spanish-style villa includes a massive staircase in the foyer leading to the second floor.
Listing price: $925,000Square feet: 4,750Price per square foot: $195
Chicago, Illinois
A two-bedroom, three-bathroom high rise condominium is currently on the market in Streeterville in Chicago, Illinois.
Listing price: $1,000,000 Square feet: 1,611 Price per square foot: $621
Los Angeles, California
In Los Angeles, a $1 million five-bedroom, four-bathroom home is on the market in the surrounding Chatsworth neighborhood.
Listing price: $1,000,000Square feet: 2,733Price per square foot: $366
New York, New York
A one-bedroom, one-bathroom apartment in Hell's Kitchen is currently on the market for $1 million.
Listing price: $1,000,000Square feet: 774Price per square foot:$1,292