How much house $1 million buys you in Jackson, Michigan
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 Jackson, Michigan. Listings between $500,000 and $1,000,000 were included.
816 Browns Lake Rd, Jackson
- Price: $835,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,000
- Price per square foot: $278
- See 816 Browns Lake Rd, Jackson on Redfin.com
5215 Grande View Ln, Jackson
- Price: $699,900
- 4 bedrooms, 2 bathrooms
- Square feet: 3,484
- Price per square foot: $200
- See 5215 Grande View Ln, Jackson on Redfin.com
5427 Vrooman Rd, Jackson
- Price: $650,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,342
- Price per square foot: $194
- See 5427 Vrooman Rd, Jackson on Redfin.com
4864 Indian Creek Dr, Jackson
- Price: $649,900
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,415
- Price per square foot: $147
- See 4864 Indian Creek Dr, Jackson on Redfin.com
5182 Grande View Ln, Jackson
- Price: $649,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,064
- Price per square foot: $314
- See 5182 Grande View Ln, Jackson on Redfin.com
4700 Nantucket Dr Unit 15, Jackson
- Price: $640,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,530
- Price per square foot: $181
- See 4700 Nantucket Dr Unit 15, Jackson on Redfin.com
7870 N Meridian Rd, Jackson
- Price: $630,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 2,084
- Price per square foot: $302
- See 7870 N Meridian Rd, Jackson on Redfin.com
108 Densel Ct, Jackson
- Price: $625,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,028
- Price per square foot: $155
- See 108 Densel Ct, Jackson on Redfin.com
4380 Donnely Rd, Jackson
- Price: $614,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,158
- Price per square foot: $284
- See 4380 Donnely Rd, Jackson on Redfin.com
17 Coronado Dr, Jackson
- Price: $599,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,093
- Price per square foot: $193
- See 17 Coronado Dr, Jackson on Redfin.com
5210 Grande View Ln, Jackson
- Price: $589,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,032
- Price per square foot: $194
- See 5210 Grande View Ln, Jackson on Redfin.com
1750 Fox Rd, Jackson
- Price: $549,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,998
- Price per square foot: $137
- See 1750 Fox Rd, Jackson on Redfin.com
8185 S Jackson Rd, Jackson
- Price: $525,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,856
- Price per square foot: $282
- See 8185 S Jackson Rd, Jackson 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
