How much house $1 million buys you in Chattanooga
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 Chattanooga. Listings between $500,000 and $1,000,000 were included.
504 Rosewood St, Chattanooga
- Price: $999,999
- 5 bedrooms, 4 bathrooms
- Square feet: 3,492
- Price per square foot: $286
- See 504 Rosewood St, Chattanooga on Redfin.com
5703 Laurel Ridge Rd, Chattanooga
- Price: $999,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 5,654
- Price per square foot: $176
- See 5703 Laurel Ridge Rd, Chattanooga on Redfin.com
1383 Carrington Way, Chattanooga
- Price: $999,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,193
- Price per square foot: $312
- See 1383 Carrington Way, Chattanooga on Redfin.com
843 Dry Branch Ct, Chattanooga
- Price: $995,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,454
- Price per square foot: $223
- See 843 Dry Branch Ct, Chattanooga on Redfin.com
6520 Flagstone Dr, Ooltewah
- Price: $985,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,907
- Price per square foot: $252
- See 6520 Flagstone Dr, Ooltewah on Redfin.com
517 Kestrel Ln, Chattanooga
- Price: $985,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,068
- Price per square foot: $321
- See 517 Kestrel Ln, Chattanooga on Redfin.com
5124 Highway 27, Chattanooga
- Price: $979,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,416
- Price per square foot: $405
- See 5124 Highway 27, Chattanooga on Redfin.com
3134 Camber Hl, Chattanooga
- Price: $964,700
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,535
- Price per square foot: $272
- See 3134 Camber Hl, Chattanooga on Redfin.com
295 W 19th St, Chattanooga
- Price: $950,000
- 4 bedrooms, 5 bathrooms
- Square feet: 4,944
- Price per square foot: $192
- See 295 W 19th St, Chattanooga on Redfin.com
4809 Amethyst Rd, Chattanooga
- Price: $935,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,043
- Price per square foot: $307
- See 4809 Amethyst Rd, Chattanooga on Redfin.com
2212 Peterson Dr, Chattanooga
- Price: $925,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,708
- Price per square foot: $249
- See 2212 Peterson Dr, Chattanooga on Redfin.com
2195 Ooltewah Ringgold Rd, Ooltewah
- Price: $925,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,336
- Price per square foot: $277
- See 2195 Ooltewah Ringgold Rd, Ooltewah on Redfin.com
224 Shady Ridge Ln, Chattanooga
- Price: $925,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,655
- Price per square foot: $348
- See 224 Shady Ridge Ln, Chattanooga on Redfin.com
4 Cherokee Blvd #405, Chattanooga
- Price: $925,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,533
- Price per square foot: $603
- See 4 Cherokee Blvd #405, Chattanooga on Redfin.com
4 Cherokee Blvd #409, Chattanooga
- Price: $925,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,504
- Price per square foot: $615
- See 4 Cherokee Blvd #409, Chattanooga on Redfin.com
824 Ogrady Dr, Chattanooga
- Price: $900,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,667
- Price per square foot: $245
- See 824 Ogrady Dr, Chattanooga on Redfin.com
9727 Chestnut Hill Ln, Chattanooga
- Price: $899,999
- 5 bedrooms, 4 bathrooms
- Square feet: 4,060
- Price per square foot: $221
- See 9727 Chestnut Hill Ln, Chattanooga on Redfin.com
680 Skillet Gap Rd, Chattanooga
- Price: $899,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,004
- Price per square foot: $299
- See 680 Skillet Gap Rd, Chattanooga on Redfin.com
2036 Hickory Valley Rd, Chattanooga
- Price: $899,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,139
- Price per square foot: $286
- See 2036 Hickory Valley Rd, Chattanooga on Redfin.com
1259 Duane Rd, Chattanooga
- Price: $899,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,692
- Price per square foot: $333
- See 1259 Duane Rd, Chattanooga on Redfin.com
4682 Amethyst Rd #917, Chattanooga
- Price: $880,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 3,250
- Price per square foot: $270
- See 4682 Amethyst Rd #917, Chattanooga on Redfin.com
1815 Gray Rd, Chattanooga
- Price: $875,000
- 4 bedrooms, 3 bathrooms
- Square feet: 4,705
- Price per square foot: $185
- See 1815 Gray Rd, Chattanooga on Redfin.com
9420 Mountain Shadows Dr, Chattanooga
- Price: $869,500
- 6 bedrooms, 3.5 bathrooms
- Square feet: 5,147
- Price per square foot: $168
- See 9420 Mountain Shadows Dr, Chattanooga on Redfin.com
9334 Royal Mountain Dr, Chattanooga
- Price: $850,000
- 4 bedrooms, 3 bathrooms
- Square feet: 4,595
- Price per square foot: $184
- See 9334 Royal Mountain Dr, Chattanooga on Redfin.com
524 Divyan Ct, Chattanooga
- Price: $850,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,047
- Price per square foot: $210
- See 524 Divyan Ct, Chattanooga on Redfin.com
2024 Clematis Dr, Hixson
- Price: $850,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,250
- Price per square foot: $261
- See 2024 Clematis Dr, Hixson on Redfin.com
125 Eveningside Dr, Chattanooga
- Price: $850,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,949
- Price per square foot: $288
- See 125 Eveningside Dr, Chattanooga on Redfin.com
709 S Greenwood Ave S, Chattanooga
- Price: $849,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,336
- Price per square foot: $254
- See 709 S Greenwood Ave S, Chattanooga on Redfin.com
504 Fleetwood Dr, Lookout Mountain
- Price: $835,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,934
- Price per square foot: $284
- See 504 Fleetwood Dr, Lookout Mountain on Redfin.com
803 Franklin St, Chattanooga
- Price: $835,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,870
- Price per square foot: $290
- See 803 Franklin St, Chattanooga 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
