How much house $1 million buys you in Hammond
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 Hammond. Listings between $500,000 and $1,000,000 were included.
801 W Dakota St, Hammond
- Price: $790,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,451
- Price per square foot: $228
- See 801 W Dakota St, Hammond on Redfin.com
45501 Durbin Rd, Hammond
- Price: $765,000
- 5 bedrooms, 3 bathrooms
- Square feet: 4,040
- Price per square foot: $189
- See 45501 Durbin Rd, Hammond on Redfin.com
13252 Sweet Olive Ln, Hammond
- Price: $685,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,521
- Price per square foot: $194
- See 13252 Sweet Olive Ln, Hammond on Redfin.com
42417 Jasmine Lane Ln, Hammond
- Price: $675,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,638
- Price per square foot: $145
- See 42417 Jasmine Lane Ln, Hammond on Redfin.com
17252 English Saddle Ln, Hammond
- Price: $675,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,459
- Price per square foot: $195
- See 17252 English Saddle Ln, Hammond on Redfin.com
47103 Monticello Dr, Hammond
- Price: $665,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,776
- Price per square foot: $239
- See 47103 Monticello Dr, Hammond on Redfin.com
42251 Jefferson Dr, Hammond
- Price: $600,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,945
- Price per square foot: $203
- See 42251 Jefferson Dr, Hammond on Redfin.com
1305 S Holly St, Hammond
- Price: $595,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,255
- Price per square foot: $182
- See 1305 S Holly St, Hammond on Redfin.com
609 W Dakota St, Hammond
- Price: $595,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,532
- Price per square foot: $234
- See 609 W Dakota St, Hammond on Redfin.com
20128 E Highway 190 Hwy, Hammond
- Price: $593,000
- 6 bedrooms, 4 bathrooms
- Square feet: 3,831
- Price per square foot: $154
- See 20128 E Highway 190 Hwy, Hammond on Redfin.com
19384 Country Club Lane Ln, Hammond
- Price: $588,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,711
- Price per square foot: $216
- See 19384 Country Club Lane Ln, Hammond on Redfin.com
43484 Springwood Way, Hammond
- Price: $525,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,929
- Price per square foot: $179
- See 43484 Springwood Way, Hammond on Redfin.com
44343 Forbes Farm Dr, Hammond
- Price: $520,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,445
- Price per square foot: $212
- See 44343 Forbes Farm Dr, Hammond on Redfin.com
312 N Oak St, Hammond
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,640
- Price per square foot: $304
- See 312 N Oak St, Hammond 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
