How much house $1 million buys you in Lansing
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 Lansing. Listings between $500,000 and $1,000,000 were included.
4125 Harbour Cv, Lansing
- Price: $865,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,372
- Price per square foot: $197
- See 4125 Harbour Cv, Lansing on Redfin.com
8505 W Willow Hwy, Grand Ledge
- Price: $699,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,850
- Price per square foot: $181
- See 8505 W Willow Hwy, Grand Ledge on Redfin.com
2964 Medinah Dr, Okemos
- Price: $659,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,623
- Price per square foot: $251
- See 2964 Medinah Dr, Okemos on Redfin.com
3522 Josette Ln, Lansing
- Price: $649,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,458
- Price per square foot: $145
- See 3522 Josette Ln, Lansing on Redfin.com
3012 Appaloosa Way, Lansing
- Price: $649,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,338
- Price per square foot: $149
- See 3012 Appaloosa Way, Lansing on Redfin.com
4700 Canyon Trl, Lansing
- Price: $599,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 5,040
- Price per square foot: $119
- See 4700 Canyon Trl, Lansing on Redfin.com
1516 Moores River Dr, Lansing
- Price: $599,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,903
- Price per square foot: $122
- See 1516 Moores River Dr, Lansing on Redfin.com
3427 W Broadmoor Dr, Lansing
- Price: $575,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,990
- Price per square foot: $288
- See 3427 W Broadmoor Dr, Lansing on Redfin.com
4 Locust Ln, Lansing
- Price: $574,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,859
- Price per square foot: $148
- See 4 Locust Ln, Lansing on Redfin.com
3893 Baulistrol Dr, Okemos
- Price: $565,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,883
- Price per square foot: $195
- See 3893 Baulistrol Dr, Okemos on Redfin.com
4909 Barnstable Ln, Lansing
- Price: $539,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,775
- Price per square foot: $143
- See 4909 Barnstable Ln, Lansing on Redfin.com
15426 S Lowell Rd, Lansing
- Price: $539,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,728
- Price per square foot: $312
- See 15426 S Lowell Rd, Lansing 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
