How much house $1 million buys you in Farmington
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 Farmington. Listings between $500,000 and $1,000,000 were included.
976 NM 170, Farmington
- Price: $990,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,796
- Price per square foot: $354
- See 976 NM 170, Farmington on Redfin.com
5708 Country Club Dr, Farmington
- Price: $959,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 6,372
- Price per square foot: $150
- See 5708 Country Club Dr, Farmington on Redfin.com
7007 Drinen Ln, Farmington
- Price: $849,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,720
- Price per square foot: $312
- See 7007 Drinen Ln, Farmington on Redfin.com
636 Ridge Lea Ct, Farmington
- Price: $805,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,553
- Price per square foot: $176
- See 636 Ridge Lea Ct, Farmington on Redfin.com
5301 Tampico Way, Farmington
- Price: $797,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,782
- Price per square foot: $286
- See 5301 Tampico Way, Farmington on Redfin.com
6310 Spring Ave, Farmington
- Price: $765,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,735
- Price per square foot: $279
- See 6310 Spring Ave, Farmington on Redfin.com
6040 Club House Dr, Farmington
- Price: $749,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,850
- Price per square foot: $194
- See 6040 Club House Dr, Farmington on Redfin.com
5351 Antelope Junction Jct, Farmington
- Price: $715,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,236
- Price per square foot: $220
- See 5351 Antelope Junction Jct, Farmington on Redfin.com
6727 Sandrock Ct, Farmington
- Price: $710,025
- 3 bedrooms, 2 bathrooms
- Square feet: 2,027
- Price per square foot: $350
- See 6727 Sandrock Ct, Farmington on Redfin.com
6731 Sandrock Ct, Farmington
- Price: $708,800
- 3 bedrooms, 2 bathrooms
- Square feet: 1,938
- Price per square foot: $365
- See 6731 Sandrock Ct, Farmington on Redfin.com
6735 Sandrock Ct, Farmington
- Price: $693,095
- 3 bedrooms, 2 bathrooms
- Square feet: 2,019
- Price per square foot: $343
- See 6735 Sandrock Ct, Farmington on Redfin.com
2412 Pheasant Pl, Farmington
- Price: $675,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,459
- Price per square foot: $151
- See 2412 Pheasant Pl, Farmington on Redfin.com
4300 Cardon Dr, Farmington
- Price: $649,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,480
- Price per square foot: $186
- See 4300 Cardon Dr, Farmington on Redfin.com
5203 Thomas Dr, Farmington
- Price: $599,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,478
- Price per square foot: $172
- See 5203 Thomas Dr, Farmington on Redfin.com
4904 Rio St, Farmington
- Price: $565,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,952
- Price per square foot: $142
- See 4904 Rio St, Farmington 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
