How much house $1 million buys you in New Orleans
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 New Orleans. Listings between $500,000 and $1,000,000 were included.
106 Wren St #106, New Orleans
- Price: $999,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,365
- Price per square foot: $422
- See 106 Wren St #106, New Orleans on Redfin.com
270 Garden Rd, River Ridge
- Price: $998,500
- 5 bedrooms, 4 bathrooms
- Square feet: 3,450
- Price per square foot: $289
- See 270 Garden Rd, River Ridge on Redfin.com
5878 General Haig St, New Orleans
- Price: $998,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,464
- Price per square foot: $288
- See 5878 General Haig St, New Orleans on Redfin.com
620 Julia St, New Orleans
- Price: $998,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,800
- Price per square foot: $554
- See 620 Julia St, New Orleans on Redfin.com
618 N Rampart St #203, New Orleans
- Price: $997,500
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,904
- Price per square foot: $523
- See 618 N Rampart St #203, New Orleans on Redfin.com
3205 Octavia St, New Orleans
- Price: $995,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,695
- Price per square foot: $211
- See 3205 Octavia St, New Orleans on Redfin.com
5545 Jacquelyn Ct, New Orleans
- Price: $995,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,966
- Price per square foot: $250
- See 5545 Jacquelyn Ct, New Orleans on Redfin.com
717 Port St, New Orleans
- Price: $995,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,964
- Price per square foot: $335
- See 717 Port St, New Orleans on Redfin.com
7930 Breakwater Dr Unit 52&53, New Orleans
- Price: $995,000
- 3 bedrooms, 4.5 bathrooms
- Square feet: 2,871
- Price per square foot: $346
- See 7930 Breakwater Dr Unit 52&53, New Orleans on Redfin.com
2133 Calhoun St, New Orleans
- Price: $995,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,666
- Price per square foot: $373
- See 2133 Calhoun St, New Orleans on Redfin.com
1705 Burgundy St, New Orleans
- Price: $995,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,638
- Price per square foot: $377
- See 1705 Burgundy St, New Orleans on Redfin.com
616 Cadiz St, New Orleans
- Price: $995,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,490
- Price per square foot: $399
- See 616 Cadiz St, New Orleans on Redfin.com
1311 Bourbon St, New Orleans
- Price: $995,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,914
- Price per square foot: $519
- See 1311 Bourbon St, New Orleans on Redfin.com
7008 Chestnut St #202, New Orleans
- Price: $995,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,828
- Price per square foot: $544
- See 7008 Chestnut St #202, New Orleans on Redfin.com
625 Saint Charles Ave Unit 10C, New Orleans
- Price: $995,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,313
- Price per square foot: $757
- See 625 Saint Charles Ave Unit 10C, New Orleans on Redfin.com
1036 Nashville Ave, New Orleans
- Price: $990,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,627
- Price per square foot: $376
- See 1036 Nashville Ave, New Orleans on Redfin.com
632 Burgundy St, New Orleans
- Price: $989,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,109
- Price per square foot: $469
- See 632 Burgundy St, New Orleans on Redfin.com
6 Mary Ridge Ct, River Ridge
- Price: $980,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,729
- Price per square foot: $262
- See 6 Mary Ridge Ct, River Ridge on Redfin.com
89 English Turn Dr, New Orleans
- Price: $979,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,334
- Price per square foot: $183
- See 89 English Turn Dr, New Orleans on Redfin.com
8 Ani St, New Orleans
- Price: $979,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,457
- Price per square foot: $283
- See 8 Ani St, New Orleans on Redfin.com
714 Third St, New Orleans
- Price: $979,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,250
- Price per square foot: $435
- See 714 Third St, New Orleans on Redfin.com
1476 Marais St, New Orleans
- Price: $975,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,226
- Price per square foot: $230
- See 1476 Marais St, New Orleans on Redfin.com
1417-1419 Esplanade Ave, New Orleans
- Price: $974,900
- 7 bedrooms, 5.5 bathrooms
- Square feet: 5,130
- Price per square foot: $190
- See 1417-1419 Esplanade Ave, New Orleans on Redfin.com
6607 Canal Blvd, New Orleans
- Price: $974,500
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,758
- Price per square foot: $259
- See 6607 Canal Blvd, New Orleans on Redfin.com
400 Hay Pl, New Orleans
- Price: $969,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,752
- Price per square foot: $258
- See 400 Hay Pl, New Orleans on Redfin.com
1001 Julia St Unit 6D, New Orleans
- Price: $968,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,482
- Price per square foot: $653
- See 1001 Julia St Unit 6D, New Orleans on Redfin.com
1432 Magazine St, New Orleans
- Price: $955,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 4,820
- Price per square foot: $198
- See 1432 Magazine St, New Orleans on Redfin.com
1141 Allen Toussaint Blvd, New Orleans
- Price: $950,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,708
- Price per square foot: $256
- See 1141 Allen Toussaint Blvd, New Orleans on Redfin.com
801 St Joseph St #7, New Orleans
- Price: $950,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,855
- Price per square foot: $332
- See 801 St Joseph St #7, New Orleans on Redfin.com
3354 Esplanade Ave, New Orleans
- Price: $950,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,674
- Price per square foot: $355
- See 3354 Esplanade Ave, New Orleans 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
