How much house $1 million buys you in Iowa City
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 Iowa City. Listings between $500,000 and $1,000,000 were included.
3880 Owl Song Ln, Iowa City
- Price: $995,000
- 6 bedrooms, 3.5 bathrooms
- Square feet: 6,480
- Price per square foot: $153
- See 3880 Owl Song Ln, Iowa City on Redfin.com
701 Sherwood Dr, Iowa City
- Price: $950,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,437
- Price per square foot: $276
- See 701 Sherwood Dr, Iowa City on Redfin.com
1725 Windsor Ct, Iowa City
- Price: $919,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,230
- Price per square foot: $175
- See 1725 Windsor Ct, Iowa City on Redfin.com
300 S Clinton St #706, Iowa City
- Price: $899,900
- 3 bedrooms, 3 bathrooms
- Square feet: 1,972
- Price per square foot: $456
- See 300 S Clinton St #706, Iowa City on Redfin.com
453 Windmill Pl, Iowa City
- Price: $899,000
- 6 bedrooms, 3.5 bathrooms
- Square feet: 4,848
- Price per square foot: $185
- See 453 Windmill Pl, Iowa City on Redfin.com
919 Camp Cardinal Rd, Iowa City
- Price: $885,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,456
- Price per square foot: $256
- See 919 Camp Cardinal Rd, Iowa City on Redfin.com
404 E College St #1107, Iowa City
- Price: $885,000
- 1 bedroom, 1.5 bathrooms
- Square feet: 1,765
- Price per square foot: $501
- See 404 E College St #1107, Iowa City on Redfin.com
404 E College St #1007, Iowa City
- Price: $885,000
- 1 bedroom, 1.5 bathrooms
- Square feet: 1,765
- Price per square foot: $501
- See 404 E College St #1007, Iowa City on Redfin.com
3948 Stewart Road Rd NE, Iowa City
- Price: $875,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,222
- Price per square foot: $271
- See 3948 Stewart Road Rd NE, Iowa City on Redfin.com
4218 Pleasant Valley Dr SE, Iowa City
- Price: $874,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,285
- Price per square foot: $266
- See 4218 Pleasant Valley Dr SE, Iowa City on Redfin.com
620 S Summit St, Iowa City
- Price: $850,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,454
- Price per square foot: $246
- See 620 S Summit St, Iowa City on Redfin.com
3744 Lacina Drive Dr SW, Iowa City
- Price: $849,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,830
- Price per square foot: $221
- See 3744 Lacina Drive Dr SW, Iowa City on Redfin.com
653 Huntington Dr, Iowa City
- Price: $849,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,389
- Price per square foot: $250
- See 653 Huntington Dr, Iowa City on Redfin.com
300 S Clinton St #704, Iowa City
- Price: $809,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,600
- Price per square foot: $505
- See 300 S Clinton St #704, Iowa City on Redfin.com
1290 Swisher St, Iowa City
- Price: $799,000
- 5 bedrooms, 4 bathrooms
- Square feet: 4,036
- Price per square foot: $197
- See 1290 Swisher St, Iowa City on Redfin.com
814 Camp Cardinal Rd, Iowa City
- Price: $795,000
- 6 bedrooms, 4 bathrooms
- Square feet: 3,717
- Price per square foot: $213
- See 814 Camp Cardinal Rd, Iowa City on Redfin.com
3752 Lacina Dr. Dr SW, Iowa City
- Price: $750,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,307
- Price per square foot: $226
- See 3752 Lacina Dr. Dr SW, Iowa City on Redfin.com
3350 Kenruth Cir Cir NE, Iowa City
- Price: $749,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,664
- Price per square foot: $204
- See 3350 Kenruth Cir Cir NE, Iowa City on Redfin.com
753 Silver Charm Ln, Iowa City
- Price: $745,000
- 7 bedrooms, 3 bathrooms
- Square feet: 4,404
- Price per square foot: $169
- See 753 Silver Charm Ln, Iowa City on Redfin.com
53 Kennedy Pkwy, Iowa City
- Price: $739,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,050
- Price per square foot: $242
- See 53 Kennedy Pkwy, Iowa City on Redfin.com
61 Quail Valley Ct, Iowa City
- Price: $735,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,172
- Price per square foot: $231
- See 61 Quail Valley Ct, Iowa City on Redfin.com
1643 Avalon Pl, Iowa City
- Price: $725,000
- 6 bedrooms, 3.5 bathrooms
- Square feet: 3,835
- Price per square foot: $189
- See 1643 Avalon Pl, Iowa City on Redfin.com
202 N Linn St #203, Iowa City
- Price: $725,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,408
- Price per square foot: $514
- See 202 N Linn St #203, Iowa City on Redfin.com
218 Colchester Dr, Iowa City
- Price: $700,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,177
- Price per square foot: $220
- See 218 Colchester Dr, Iowa City on Redfin.com
725 S Summit St, Iowa City
- Price: $699,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,460
- Price per square foot: $284
- See 725 S Summit St, Iowa City on Redfin.com
671 Barrington Rd, Iowa City
- Price: $699,000
- 6 bedrooms, 5 bathrooms
- Square feet: 4,608
- Price per square foot: $151
- See 671 Barrington Rd, Iowa City on Redfin.com
1392 Tamarack Trl, Iowa City
- Price: $699,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,444
- Price per square foot: $286
- See 1392 Tamarack Trl, Iowa City on Redfin.com
1818 N Dubuque St, Iowa City
- Price: $690,000
- 5 bedrooms, 3 bathrooms
- Square feet: 4,303
- Price per square foot: $160
- See 1818 N Dubuque St, Iowa City on Redfin.com
3002 Dubuque St, Iowa City
- Price: $675,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,748
- Price per square foot: $180
- See 3002 Dubuque St, Iowa City on Redfin.com
830 Newton Rd #4, Iowa City
- Price: $675,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,875
- Price per square foot: $360
- See 830 Newton Rd #4, Iowa City on Redfin.com
830 Newton Rd, Iowa City
- Price: $675,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,875
- Price per square foot: $360
- See 830 Newton Rd, Iowa City 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
