How much house $1 million buys you in Indianapolis
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 Indianapolis. Listings between $500,000 and $1,000,000 were included.
9510 Copley Dr, Indianapolis
- Price: $999,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,725
- Price per square foot: $211
- See 9510 Copley Dr, Indianapolis on Redfin.com
440 E 82nd St, Indianapolis
- Price: $999,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,657
- Price per square foot: $273
- See 440 E 82nd St, Indianapolis on Redfin.com
8423 Mud Creek Rd, Indianapolis
- Price: $998,000
- 6 bedrooms, 4.5 bathrooms
- Square feet: 6,771
- Price per square foot: $147
- See 8423 Mud Creek Rd, Indianapolis on Redfin.com
8535 Washington Blvd, Indianapolis
- Price: $995,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,244
- Price per square foot: $234
- See 8535 Washington Blvd, Indianapolis on Redfin.com
4455 Broadway St, Indianapolis
- Price: $994,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 4,702
- Price per square foot: $211
- See 4455 Broadway St, Indianapolis on Redfin.com
9602 Fall Creek Rd, Indianapolis
- Price: $991,920
- 5 bedrooms, 3.5 bathrooms
- Square feet: 5,121
- Price per square foot: $193
- See 9602 Fall Creek Rd, Indianapolis on Redfin.com
2421 W 39th St, Indianapolis
- Price: $989,900
- 6 bedrooms, 4.5 bathrooms
- Square feet: 8,044
- Price per square foot: $123
- See 2421 W 39th St, Indianapolis on Redfin.com
7635 Monte Carlo Way, Indianapolis
- Price: $980,000
- 5 bedrooms, 5.5 bathrooms
- Square feet: 7,522
- Price per square foot: $130
- See 7635 Monte Carlo Way, Indianapolis on Redfin.com
7845 Centerstone Ct, Indianapolis
- Price: $975,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,968
- Price per square foot: $196
- See 7845 Centerstone Ct, Indianapolis on Redfin.com
545 Fletcher Ave, Indianapolis
- Price: $975,000
- 5 bedrooms, 5 bathrooms
- Square feet: 3,585
- Price per square foot: $271
- See 545 Fletcher Ave, Indianapolis on Redfin.com
434 E New York St, Indianapolis
- Price: $975,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,523
- Price per square foot: $276
- See 434 E New York St, Indianapolis on Redfin.com
333 Massachusetts Ave #303, Indianapolis
- Price: $975,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,794
- Price per square foot: $348
- See 333 Massachusetts Ave #303, Indianapolis on Redfin.com
1421 E Michigan St, Indianapolis
- Price: $974,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,736
- Price per square foot: $356
- See 1421 E Michigan St, Indianapolis on Redfin.com
1818 Central Ave, Indianapolis
- Price: $960,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,814
- Price per square foot: $199
- See 1818 Central Ave, Indianapolis on Redfin.com
6470 Around The Hills Rd, Indianapolis
- Price: $959,000
- 4 bedrooms, 4 bathrooms
- Square feet: 5,104
- Price per square foot: $187
- See 6470 Around The Hills Rd, Indianapolis on Redfin.com
0 E 96th St, Fishers
- Price: $952,640
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,262
- Price per square foot: $292
- See 0 E 96th St, Fishers on Redfin.com
5681 Carrollton Ave, Indianapolis
- Price: $950,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,573
- Price per square foot: $265
- See 5681 Carrollton Ave, Indianapolis on Redfin.com
625 E 57th St, Indianapolis
- Price: $950,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,383
- Price per square foot: $280
- See 625 E 57th St, Indianapolis on Redfin.com
4339 Royal Pine Blvd, Indianapolis
- Price: $949,900
- 4 bedrooms, 5 bathrooms
- Square feet: 5,833
- Price per square foot: $162
- See 4339 Royal Pine Blvd, Indianapolis on Redfin.com
1818 N Pennsylvania St, Indianapolis
- Price: $949,000
- 3 bedrooms, 3 bathrooms
- Square feet: 4,173
- Price per square foot: $227
- See 1818 N Pennsylvania St, Indianapolis on Redfin.com
1822 Central Ave, Indianapolis
- Price: $940,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,822
- Price per square foot: $194
- See 1822 Central Ave, Indianapolis on Redfin.com
3585 Bay Rd Dr N, Indianapolis
- Price: $939,500
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,762
- Price per square foot: $249
- See 3585 Bay Rd Dr N, Indianapolis on Redfin.com
5202 Logan Ln, Indianapolis
- Price: $929,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,380
- Price per square foot: $172
- See 5202 Logan Ln, Indianapolis on Redfin.com
2828 N Illinois St, Indianapolis
- Price: $925,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,800
- Price per square foot: $192
- See 2828 N Illinois St, Indianapolis on Redfin.com
610 N Park Ave, Indianapolis
- Price: $925,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 3,428
- Price per square foot: $269
- See 610 N Park Ave, Indianapolis on Redfin.com
1616 N Delaware St, Indianapolis
- Price: $920,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 6,564
- Price per square foot: $140
- See 1616 N Delaware St, Indianapolis on Redfin.com
6519 Creekside Ln, Indianapolis
- Price: $919,000
- 8 bedrooms, 4.5 bathrooms
- Square feet: 5,282
- Price per square foot: $173
- See 6519 Creekside Ln, Indianapolis on Redfin.com
1034 N Tacoma Ave, Indianapolis
- Price: $911,102
- 6 bedrooms, 5.5 bathrooms
- Square feet: 5,663
- Price per square foot: $160
- See 1034 N Tacoma Ave, Indianapolis on Redfin.com
1817 Bellefontaine St, Indianapolis
- Price: $899,900
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,284
- Price per square foot: $210
- See 1817 Bellefontaine St, Indianapolis on Redfin.com
22 W 54th St, Indianapolis
- Price: $899,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,348
- Price per square foot: $268
- See 22 W 54th St, Indianapolis on Redfin.com
441 W 86th St, Indianapolis
- Price: $899,500
- 4 bedrooms, 4 bathrooms
- Square feet: 2,729
- Price per square foot: $329
- See 441 W 86th St, Indianapolis 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
