How much house $1 million buys you in Minneapolis
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 Minneapolis. Listings between $500,000 and $1,000,000 were included.
424 5th St SE, Minneapolis
- Price: $1,000,000
- 7 bedrooms, 5 bathrooms
- Square feet: 5,618
- Price per square foot: $177
- See 424 5th St SE, Minneapolis on Redfin.com
4501 Overlook Dr, Bloomington
- Price: $999,999
- 4 bedrooms, 3 bathrooms
- Square feet: 3,063
- Price per square foot: $326
- See 4501 Overlook Dr, Bloomington on Redfin.com
2501 W 112th St, Bloomington
- Price: $999,900
- 7 bedrooms, 4 bathrooms
- Square feet: 5,015
- Price per square foot: $199
- See 2501 W 112th St, Bloomington on Redfin.com
4804 12th Ave S, Minneapolis
- Price: $997,850
- 4 bedrooms, 4 bathrooms
- Square feet: 3,295
- Price per square foot: $302
- See 4804 12th Ave S, Minneapolis on Redfin.com
2000 Irving Ave S, Minneapolis
- Price: $995,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,708
- Price per square foot: $211
- See 2000 Irving Ave S, Minneapolis on Redfin.com
6700 W River Rd, Brooklyn Center
- Price: $995,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,454
- Price per square foot: $288
- See 6700 W River Rd, Brooklyn Center on Redfin.com
5704 Washburn Ave S, Minneapolis
- Price: $975,900
- 4 bedrooms, 4 bathrooms
- Square feet: 3,148
- Price per square foot: $310
- See 5704 Washburn Ave S, Minneapolis on Redfin.com
110 Bank St SE #504, Minneapolis
- Price: $975,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,766
- Price per square foot: $552
- See 110 Bank St SE #504, Minneapolis on Redfin.com
1404 W Franklin Ave, Minneapolis
- Price: $960,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,928
- Price per square foot: $244
- See 1404 W Franklin Ave, Minneapolis on Redfin.com
525 N 3rd St #502, Minneapolis
- Price: $950,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,686
- Price per square foot: $563
- See 525 N 3rd St #502, Minneapolis on Redfin.com
525 N 3rd St #306, Minneapolis
- Price: $949,500
- 2 bedrooms, 2 bathrooms
- Square feet: 1,820
- Price per square foot: $521
- See 525 N 3rd St #306, Minneapolis on Redfin.com
1920 Pillsbury Ave S, Minneapolis
- Price: $945,000
- 5 bedrooms, 5 bathrooms
- Square feet: 7,648
- Price per square foot: $123
- See 1920 Pillsbury Ave S, Minneapolis on Redfin.com
1760 Waterford Ct, Golden Valley
- Price: $935,000
- 3 bedrooms, 4 bathrooms
- Square feet: 3,894
- Price per square foot: $240
- See 1760 Waterford Ct, Golden Valley on Redfin.com
5128 Irving Ave S, Minneapolis
- Price: $899,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,415
- Price per square foot: $372
- See 5128 Irving Ave S, Minneapolis on Redfin.com
1944 Cedar Lake Pkwy, Minneapolis
- Price: $875,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,289
- Price per square foot: $382
- See 1944 Cedar Lake Pkwy, Minneapolis on Redfin.com
5043 42nd Ave S, Minneapolis
- Price: $874,955
- 4 bedrooms, 4 bathrooms
- Square feet: 3,127
- Price per square foot: $279
- See 5043 42nd Ave S, Minneapolis on Redfin.com
1240 S 2nd St #906, Minneapolis
- Price: $859,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,790
- Price per square foot: $480
- See 1240 S 2nd St #906, Minneapolis on Redfin.com
5224 17th Ave S, Minneapolis
- Price: $850,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,412
- Price per square foot: $249
- See 5224 17th Ave S, Minneapolis on Redfin.com
3712 Edmund Blvd, Minneapolis
- Price: $850,000
- 3 bedrooms, 4 bathrooms
- Square feet: 2,587
- Price per square foot: $328
- See 3712 Edmund Blvd, Minneapolis on Redfin.com
531 S 10th St, Minneapolis
- Price: $849,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,686
- Price per square foot: $316
- See 531 S 10th St, Minneapolis on Redfin.com
4129 Utica Ave S, Saint Louis Park
- Price: $849,500
- 5 bedrooms, 4 bathrooms
- Square feet: 3,259
- Price per square foot: $260
- See 4129 Utica Ave S, Saint Louis Park on Redfin.com
8621 W 29th St, Saint Louis Park
- Price: $849,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,994
- Price per square foot: $212
- See 8621 W 29th St, Saint Louis Park on Redfin.com
4820 W 95 1/2 St, Bloomington
- Price: $845,000
- 5 bedrooms, 5 bathrooms
- Square feet: 5,257
- Price per square foot: $160
- See 4820 W 95 1/2 St, Bloomington on Redfin.com
1201 Yale Pl #2102, Minneapolis
- Price: $825,000
- 2 bedrooms, 3 bathrooms
- Square feet: 2,500
- Price per square foot: $330
- See 1201 Yale Pl #2102, Minneapolis on Redfin.com
3916 Thomas Ave S, Minneapolis
- Price: $824,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,352
- Price per square foot: $350
- See 3916 Thomas Ave S, Minneapolis on Redfin.com
100 3rd Ave S #1107, Minneapolis
- Price: $820,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,472
- Price per square foot: $557
- See 100 3rd Ave S #1107, Minneapolis on Redfin.com
3200 W Bde Maka Ska Pkwy #203, Minneapolis
- Price: $810,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,100
- Price per square foot: $385
- See 3200 W Bde Maka Ska Pkwy #203, Minneapolis on Redfin.com
7810 W 95th St, Bloomington
- Price: $809,900
- 3 bedrooms, 3 bathrooms
- Square feet: 3,234
- Price per square foot: $250
- See 7810 W 95th St, Bloomington on Redfin.com
317 Groveland Ave #700, Minneapolis
- Price: $799,900
- 2 bedrooms, 3 bathrooms
- Square feet: 2,930
- Price per square foot: $273
- See 317 Groveland Ave #700, Minneapolis on Redfin.com
215 10th Ave S #606, Minneapolis
- Price: $799,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,610
- Price per square foot: $496
- See 215 10th Ave S #606, Minneapolis 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
