How much house $1 million buys you in Reno
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 Reno. Listings between $500,000 and $1,000,000 were included.
1297 Deerlodge Rd, Reno
- Price: $990,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,362
- Price per square foot: $294
- See 1297 Deerlodge Rd, Reno on Redfin.com
2861 Sunline Dr, Reno
- Price: $989,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,084
- Price per square foot: $320
- See 2861 Sunline Dr, Reno on Redfin.com
2416 Kates Bridge Dr Unit Mayfield 542, Reno
- Price: $988,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,279
- Price per square foot: $433
- See 2416 Kates Bridge Dr Unit Mayfield 542, Reno on Redfin.com
1095 S University Park Loop, Reno
- Price: $985,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,160
- Price per square foot: $311
- See 1095 S University Park Loop, Reno on Redfin.com
3315 Marthiam Ave, Reno
- Price: $985,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,844
- Price per square foot: $346
- See 3315 Marthiam Ave, Reno on Redfin.com
1250 Columbia Hill Rd, Reno
- Price: $980,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,100
- Price per square foot: $466
- See 1250 Columbia Hill Rd, Reno on Redfin.com
9430 Stony Hill Rd, Reno
- Price: $979,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,098
- Price per square foot: $316
- See 9430 Stony Hill Rd, Reno on Redfin.com
10365 Gold Mine Dr, Reno
- Price: $975,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,740
- Price per square foot: $355
- See 10365 Gold Mine Dr, Reno on Redfin.com
611 Camargue Trl, Reno
- Price: $975,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,791
- Price per square foot: $544
- See 611 Camargue Trl, Reno on Redfin.com
10460 Mott Ct, Reno
- Price: $969,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,388
- Price per square foot: $286
- See 10460 Mott Ct, Reno on Redfin.com
3687 Bozeman Dr, Reno
- Price: $969,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,807
- Price per square foot: $345
- See 3687 Bozeman Dr, Reno on Redfin.com
2300 Brego Ln, Reno
- Price: $969,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,031
- Price per square foot: $477
- See 2300 Brego Ln, Reno on Redfin.com
7205 Native Dancer Dr, Reno
- Price: $950,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,918
- Price per square foot: $325
- See 7205 Native Dancer Dr, Reno on Redfin.com
4275 Juniper Creek Rd, Reno
- Price: $950,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,556
- Price per square foot: $371
- See 4275 Juniper Creek Rd, Reno on Redfin.com
15770 Rocky Vista Rd, Reno
- Price: $949,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,569
- Price per square foot: $369
- See 15770 Rocky Vista Rd, Reno on Redfin.com
2001 Neviekay Ln, Reno
- Price: $949,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,870
- Price per square foot: $330
- See 2001 Neviekay Ln, Reno on Redfin.com
1445 Ayershire Ct, Reno
- Price: $949,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,604
- Price per square foot: $364
- See 1445 Ayershire Ct, Reno on Redfin.com
10325 Rollins Dr, Reno
- Price: $945,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,058
- Price per square foot: $309
- See 10325 Rollins Dr, Reno on Redfin.com
13820 Virginia Foothills Dr, Reno
- Price: $945,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,764
- Price per square foot: $535
- See 13820 Virginia Foothills Dr, Reno 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
