How much house $1 million buys you in Phoenix
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 Phoenix. Listings between $500,000 and $1,000,000 were included.
5520 E Desert Forest Trl, Cave Creek
- Price: $1,000,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,476
- Price per square foot: $403
- See 5520 E Desert Forest Trl, Cave Creek on Redfin.com
5017 W Whispering Wind Dr, Glendale
- Price: $1,000,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,392
- Price per square foot: $418
- See 5017 W Whispering Wind Dr, Glendale on Redfin.com
1930 E Missouri Ave, Phoenix
- Price: $1,000,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,924
- Price per square foot: $519
- See 1930 E Missouri Ave, Phoenix on Redfin.com
2409 W Quail Track Dr, Phoenix
- Price: $999,999
- 5 bedrooms, 3.5 bathrooms
- Square feet: 4,623
- Price per square foot: $216
- See 2409 W Quail Track Dr, Phoenix on Redfin.com
411 W Colter St Unit A, Phoenix
- Price: $999,999
- 2 bedrooms, 1 bathroom
- Square feet: 3,072
- Price per square foot: $325
- See 411 W Colter St Unit A, Phoenix on Redfin.com
1529 W State Ave, Phoenix
- Price: $999,999
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,173
- Price per square foot: $460
- See 1529 W State Ave, Phoenix on Redfin.com
4036 N 40th Pl, Phoenix
- Price: $999,999
- 4 bedrooms, 2 bathrooms
- Square feet: 2,108
- Price per square foot: $474
- See 4036 N 40th Pl, Phoenix on Redfin.com
2055 W Windsor Ave, Phoenix
- Price: $999,999
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,912
- Price per square foot: $523
- See 2055 W Windsor Ave, Phoenix on Redfin.com
42023 N Bridlewood Way, Anthem
- Price: $999,900
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,319
- Price per square foot: $231
- See 42023 N Bridlewood Way, Anthem on Redfin.com
41601 N River Bend Rd, Anthem
- Price: $999,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,443
- Price per square foot: $290
- See 41601 N River Bend Rd, Anthem on Redfin.com
5542 E Anderson Dr, Scottsdale
- Price: $999,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,302
- Price per square foot: $302
- See 5542 E Anderson Dr, Scottsdale on Redfin.com
1336 E Belmont Ave, Phoenix
- Price: $999,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,452
- Price per square foot: $407
- See 1336 E Belmont Ave, Phoenix on Redfin.com
5728 E Sharon Dr, Scottsdale
- Price: $999,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,178
- Price per square foot: $459
- See 5728 E Sharon Dr, Scottsdale on Redfin.com
1948 W Rowel Rd, Phoenix
- Price: $999,838
- 5 bedrooms, 4 bathrooms
- Square feet: 3,594
- Price per square foot: $278
- See 1948 W Rowel Rd, Phoenix on Redfin.com
5701 N 105th Ln, Glendale
- Price: $999,729
- 3 bedrooms, 2 bathrooms
- Square feet: 2,106
- Price per square foot: $474
- See 5701 N 105th Ln, Glendale on Redfin.com
16226 S 35th Dr, Phoenix
- Price: $999,500
- 5 bedrooms, 4 bathrooms
- Square feet: 2,729
- Price per square foot: $366
- See 16226 S 35th Dr, Phoenix on Redfin.com
2211 E Camelback Rd #306, Phoenix
- Price: $999,450
- 2 bedrooms, 2 bathrooms
- Square feet: 2,074
- Price per square foot: $481
- See 2211 E Camelback Rd #306, Phoenix on Redfin.com
576 W Moon Valley Dr, Phoenix
- Price: $999,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 4,043
- Price per square foot: $247
- See 576 W Moon Valley Dr, Phoenix on Redfin.com
1211 E Desert Flower Ln, Phoenix
- Price: $999,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,849
- Price per square foot: $259
- See 1211 E Desert Flower Ln, Phoenix on Redfin.com
20405 N 42 Ave, Glendale
- Price: $999,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,659
- Price per square foot: $273
- See 20405 N 42 Ave, Glendale on Redfin.com
6025 E Palomino Ln, Scottsdale
- Price: $999,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,388
- Price per square foot: $294
- See 6025 E Palomino Ln, Scottsdale on Redfin.com
7036 E Sheena Dr, Scottsdale
- Price: $999,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,179
- Price per square foot: $458
- See 7036 E Sheena Dr, Scottsdale on Redfin.com
3800 E Lincoln Dr #7, Phoenix
- Price: $999,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,152
- Price per square foot: $464
- See 3800 E Lincoln Dr #7, Phoenix on Redfin.com
5704 E Estrid Ave, Scottsdale
- Price: $999,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,030
- Price per square foot: $492
- See 5704 E Estrid Ave, Scottsdale on Redfin.com
3201 E Colter St, Phoenix
- Price: $999,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,500
- Price per square foot: $666
- See 3201 E Colter St, Phoenix on Redfin.com
3964 E Hummingbird Ln, Phoenix
- Price: $998,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,795
- Price per square foot: $262
- See 3964 E Hummingbird Ln, Phoenix on Redfin.com
8049 N 16th Ave, Phoenix
- Price: $998,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,576
- Price per square foot: $387
- See 8049 N 16th Ave, Phoenix on Redfin.com
22204 N 55th St, Phoenix
- Price: $998,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,449
- Price per square foot: $407
- See 22204 N 55th St, Phoenix on Redfin.com
3750 E Earll Dr, Phoenix
- Price: $997,999
- 4 bedrooms, 3 bathrooms
- Square feet: 2,589
- Price per square foot: $385
- See 3750 E Earll Dr, Phoenix on Redfin.com
16423 N 41st Pl, Phoenix
- Price: $995,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,735
- Price per square foot: $574
- See 16423 N 41st Pl, Phoenix 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
