How much house $1 million buys you in Chicago
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 Chicago. Listings between $500,000 and $1,000,000 were included.
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
3150 N Lake Shore Dr Unit 27F, Chicago
- Price: $1,000,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,200
- Price per square foot: $454
- See 3150 N Lake Shore Dr Unit 27F, Chicago on Redfin.com
130 N Garland Ct #3401, Chicago
- Price: $1,000,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,157
- Price per square foot: $463
- See 130 N Garland Ct #3401, Chicago on Redfin.com
5114 S Kenwood Ave Unit PHB, Chicago
- Price: $1,000,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,881
- Price per square foot: $531
- See 5114 S Kenwood Ave Unit PHB, Chicago on Redfin.com
3621 N Richmond St, Chicago
- Price: $999,999
- 4 bedrooms, 4 bathrooms
- Square feet: 2,618
- Price per square foot: $381
- See 3621 N Richmond St, Chicago on Redfin.com
1100 N Lake Shore Dr Unit 24B, Chicago
- Price: $999,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 4,110
- Price per square foot: $243
- See 1100 N Lake Shore Dr Unit 24B, Chicago on Redfin.com
1300 N Lake Shore Dr Unit 8BC, Chicago
- Price: $999,900
- 4 bedrooms, 4 bathrooms
- Square feet: 3,000
- Price per square foot: $333
- See 1300 N Lake Shore Dr Unit 8BC, Chicago on Redfin.com
415 E North Water St #803, Chicago
- Price: $999,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,033
- Price per square foot: $491
- See 415 E North Water St #803, Chicago on Redfin.com
1920 S Shelby Ct, Chicago
- Price: $999,500
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,000
- Price per square foot: $333
- See 1920 S Shelby Ct, Chicago on Redfin.com
1201 S Prairie Ave #3602, Chicago
- Price: $999,500
- 2 bedrooms, 2 bathrooms
- Square feet: 1,722
- Price per square foot: $580
- See 1201 S Prairie Ave #3602, Chicago on Redfin.com
421 W Melrose St Unit 21AD, Chicago
- Price: $999,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,400
- Price per square foot: $293
- See 421 W Melrose St Unit 21AD, Chicago on Redfin.com
1636 N Leavitt St, Chicago
- Price: $999,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,189
- Price per square foot: $313
- See 1636 N Leavitt St, Chicago on Redfin.com
613 N Ogden Ave Unit 4W, Chicago
- Price: $999,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,150
- Price per square foot: $464
- See 613 N Ogden Ave Unit 4W, Chicago on Redfin.com
77 E Walton Pl Unit 24E, Chicago
- Price: $999,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,916
- Price per square foot: $521
- See 77 E Walton Pl Unit 24E, Chicago on Redfin.com
2923 N Southport Ave #3, Chicago
- Price: $999,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,914
- Price per square foot: $521
- See 2923 N Southport Ave #3, Chicago on Redfin.com
130 N Garland Ct #3803, Chicago
- Price: $999,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,758
- Price per square foot: $568
- See 130 N Garland Ct #3803, Chicago on Redfin.com
1040 N Lake Shore Dr Unit 26B, Chicago
- Price: $998,000
- 1 bedroom, 2.5 bathrooms
- Square feet: 2,230
- Price per square foot: $447
- See 1040 N Lake Shore Dr Unit 26B, Chicago on Redfin.com
2307 W Foster Ave #1, Chicago
- Price: $997,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,000
- Price per square foot: $332
- See 2307 W Foster Ave #1, Chicago on Redfin.com
1440 N Lake Shore Dr Unit 34AC, Chicago
- Price: $995,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,500
- Price per square foot: $398
- See 1440 N Lake Shore Dr Unit 34AC, Chicago on Redfin.com
195 N Harbor Dr Unit 801-809, Chicago
- Price: $995,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,360
- Price per square foot: $421
- See 195 N Harbor Dr Unit 801-809, Chicago on Redfin.com
55 W Delaware Pl #221, Chicago
- Price: $995,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,707
- Price per square foot: $582
- See 55 W Delaware Pl #221, Chicago on Redfin.com
401 N Wabash Ave Unit 54G, Chicago
- Price: $995,000
- 1 bedroom, 1.5 bathrooms
- Square feet: 1,419
- Price per square foot: $701
- See 401 N Wabash Ave Unit 54G, Chicago on Redfin.com
211 N Harbor Dr #906, Chicago
- Price: $995,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,384
- Price per square foot: $718
- See 211 N Harbor Dr #906, Chicago on Redfin.com
211 N Harbor Dr #1404, Chicago
- Price: $995,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,251
- Price per square foot: $795
- See 211 N Harbor Dr #1404, Chicago on Redfin.com
2446 N Janssen Ave, Chicago
- Price: $990,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 4,000
- Price per square foot: $247
- See 2446 N Janssen Ave, Chicago on Redfin.com
118 E Erie St Unit 19C, Chicago
- Price: $990,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,912
- Price per square foot: $517
- See 118 E Erie St Unit 19C, Chicago on Redfin.com
10555 S Campbell Ave, Chicago
- Price: $989,900
- 6 bedrooms, 3.5 bathrooms
- Square feet: 4,150
- Price per square foot: $238
- See 10555 S Campbell Ave, Chicago on Redfin.com
$1 million dollar homes in major cities around the country
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
