How much house $1 million buys you in Lafayette, Indiana

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 Lafayette, Indiana. Listings between $500,000 and $1,000,000 were included.

2307 Stacey Hollow Pl, Lafayette
- Price: $974,900
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,731
- Price per square foot: $170
- See 2307 Stacey Hollow Pl, Lafayette on Redfin.com

701 Kossuth St, Lafayette
- Price: $865,000
- 4 bedrooms, 3 bathrooms
- Square feet: 4,566
- Price per square foot: $189
- See 701 Kossuth St, Lafayette on Redfin.com

9600 E 450 S, Lafayette
- Price: $799,000
- 3 bedrooms, 4 bathrooms
- Square feet: 3,261
- Price per square foot: $245
- See 9600 E 450 S, Lafayette on Redfin.com

285 S 8th St, Lafayette
- Price: $780,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,748
- Price per square foot: $283
- See 285 S 8th St, Lafayette on Redfin.com

1800 E 430 S, Lafayette
- Price: $775,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,794
- Price per square foot: $204
- See 1800 E 430 S, Lafayette on Redfin.com

900 King St, Lafayette
- Price: $749,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,626
- Price per square foot: $206
- See 900 King St, Lafayette on Redfin.com

4663 Beringer Dr, Lafayette
- Price: $725,000
- 5 bedrooms, 4 bathrooms
- Square feet: 6,262
- Price per square foot: $115
- See 4663 Beringer Dr, Lafayette on Redfin.com

2703 Sleepy Hollow Dr, Lafayette
- Price: $699,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,596
- Price per square foot: $124
- See 2703 Sleepy Hollow Dr, Lafayette on Redfin.com

953 Ravenstone Dr, Lafayette
- Price: $679,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,307
- Price per square foot: $205
- See 953 Ravenstone Dr, Lafayette on Redfin.com

610 S 9th St, Lafayette
- Price: $619,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,896
- Price per square foot: $158
- See 610 S 9th St, Lafayette on Redfin.com

570 Golden Pl, Lafayette
- Price: $599,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,923
- Price per square foot: $152
- See 570 Golden Pl, Lafayette on Redfin.com

4178 Tripoli Dr, Lafayette
- Price: $579,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,100
- Price per square foot: $141
- See 4178 Tripoli Dr, Lafayette on Redfin.com

3905 Rushgrove Dr, Lafayette
- Price: $578,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 4,416
- Price per square foot: $130
- See 3905 Rushgrove Dr, Lafayette on Redfin.com

1869 Paloma Ct, Lafayette
- Price: $530,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,233
- Price per square foot: $163
- See 1869 Paloma Ct, Lafayette on Redfin.com

125 Durkees Run Dr, Lafayette
- Price: $529,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 4,134
- Price per square foot: $128
- See 125 Durkees Run Dr, Lafayette on Redfin.com

892 Ravenstone Dr, Lafayette
- Price: $525,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,760
- Price per square foot: $190
- See 892 Ravenstone Dr, Lafayette on Redfin.com

2131 E 430 Rd S, Lafayette
- Price: $514,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,310
- Price per square foot: $155
- See 2131 E 430 Rd S, Lafayette on Redfin.com

3584 Collier Dr, Lafayette
- Price: $504,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,056
- Price per square foot: $165
- See 3584 Collier Dr, Lafayette 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