How much house $1 million buys you in Ann Arbor
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 Ann Arbor. Listings between $500,000 and $1,000,000 were included.
5557 N Territorial Rd, Ann Arbor
- Price: $999,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,502
- Price per square foot: $285
- See 5557 N Territorial Rd, Ann Arbor on Redfin.com
8620 Scio Church Rd, Ann Arbor
- Price: $999,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,101
- Price per square foot: $475
- See 8620 Scio Church Rd, Ann Arbor on Redfin.com
5050 E Joy Rd, Ann Arbor
- Price: $998,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,148
- Price per square foot: $317
- See 5050 E Joy Rd, Ann Arbor on Redfin.com
3091 Warwick Rd, Ann Arbor
- Price: $995,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,400
- Price per square foot: $414
- See 3091 Warwick Rd, Ann Arbor on Redfin.com
1212 Wells St, Ann Arbor
- Price: $989,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,060
- Price per square foot: $323
- See 1212 Wells St, Ann Arbor on Redfin.com
436 Pine Brae St, Ann Arbor
- Price: $975,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 5,671
- Price per square foot: $171
- See 436 Pine Brae St, Ann Arbor on Redfin.com
1657 Glenwood Rd, Ann Arbor
- Price: $975,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,428
- Price per square foot: $284
- See 1657 Glenwood Rd, Ann Arbor on Redfin.com
300 3rd St, Ann Arbor
- Price: $975,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,178
- Price per square foot: $447
- See 300 3rd St, Ann Arbor on Redfin.com
5060 Oak Tree Ct, Ann Arbor
- Price: $970,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 3,288
- Price per square foot: $295
- See 5060 Oak Tree Ct, Ann Arbor on Redfin.com
1121 Pauline Blvd, Ann Arbor
- Price: $968,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,399
- Price per square foot: $284
- See 1121 Pauline Blvd, Ann Arbor on Redfin.com
1 Shipman Cir, Ann Arbor
- Price: $958,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,000
- Price per square foot: $319
- See 1 Shipman Cir, Ann Arbor on Redfin.com
3669 Kinsley Blvd, Ann Arbor
- Price: $953,335
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,265
- Price per square foot: $291
- See 3669 Kinsley Blvd, Ann Arbor on Redfin.com
2251 Trillium Ln, Ann Arbor
- Price: $950,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,105
- Price per square foot: $451
- See 2251 Trillium Ln, Ann Arbor on Redfin.com
5164 Plymouth Rd, Ann Arbor
- Price: $949,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,274
- Price per square foot: $745
- See 5164 Plymouth Rd, Ann Arbor on Redfin.com
2971 Daleview Dr, Ann Arbor
- Price: $949,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,784
- Price per square foot: $250
- See 2971 Daleview Dr, Ann Arbor on Redfin.com
102 Samara Ln, Ann Arbor
- Price: $909,995
- 4 bedrooms, 3 bathrooms
- Square feet: 3,256
- Price per square foot: $279
- See 102 Samara Ln, Ann Arbor on Redfin.com
3415 Maple Ridge Dr, Ann Arbor
- Price: $899,995
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,272
- Price per square foot: $275
- See 3415 Maple Ridge Dr, Ann Arbor on Redfin.com
916 Brooks St, Ann Arbor
- Price: $899,900
- 4 bedrooms, 5 bathrooms
- Square feet: 2,728
- Price per square foot: $329
- See 916 Brooks St, Ann Arbor on Redfin.com
922 Catherine St, Ann Arbor
- Price: $899,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 1,856
- Price per square foot: $484
- See 922 Catherine St, Ann Arbor on Redfin.com
1015 Lincoln Ave, Ann Arbor
- Price: $895,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,066
- Price per square foot: $433
- See 1015 Lincoln Ave, Ann Arbor on Redfin.com
223 E Ann St #1, Ann Arbor
- Price: $895,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,759
- Price per square foot: $508
- See 223 E Ann St #1, Ann Arbor on Redfin.com
1925 Norway Rd, Ann Arbor
- Price: $889,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,904
- Price per square foot: $306
- See 1925 Norway Rd, Ann Arbor on Redfin.com
721 W Washington St, Ann Arbor
- Price: $885,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,176
- Price per square foot: $406
- See 721 W Washington St, Ann Arbor on Redfin.com
2659 Bedford Rd, Ann Arbor
- Price: $869,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,362
- Price per square foot: $258
- See 2659 Bedford Rd, Ann Arbor on Redfin.com
3586 E Huron River Dr, Ann Arbor
- Price: $865,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 2,968
- Price per square foot: $291
- See 3586 E Huron River Dr, Ann Arbor on Redfin.com
1480 Regents Park Ct, Ann Arbor
- Price: $850,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,298
- Price per square foot: $257
- See 1480 Regents Park Ct, Ann Arbor on Redfin.com
2724 Aspen Ct, Ann Arbor
- Price: $850,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,647
- Price per square foot: $321
- See 2724 Aspen Ct, Ann Arbor on Redfin.com
5525 Red Fox Run, Ann Arbor
- Price: $850,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,214
- Price per square foot: $383
- See 5525 Red Fox Run, Ann Arbor on Redfin.com
820 Barton Dr, Ann Arbor
- Price: $850,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,000
- Price per square foot: $425
- See 820 Barton Dr, Ann Arbor on Redfin.com
113 S Fourth Ave #6, Ann Arbor
- Price: $850,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,198
- Price per square foot: $709
- See 113 S Fourth Ave #6, Ann Arbor 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
