How much house $1 million buys you in Memphis
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 Memphis. Listings between $500,000 and $1,000,000 were included.
3315 Clubhill Dr, Memphis
- Price: $999,900
- 4 bedrooms, 6 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 3315 Clubhill Dr, Memphis on Redfin.com
278 Windover Rd, Memphis
- Price: $999,000
- 5 bedrooms, 6 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 278 Windover Rd, Memphis on Redfin.com
3518 Classic Dr S, Memphis
- Price: $995,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 3518 Classic Dr S, Memphis on Redfin.com
4258 Old Brownsville Rd, Unincorporated
- Price: $995,000
- 4 bedrooms, 3 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 4258 Old Brownsville Rd, Unincorporated on Redfin.com
6485 River Fall Dr, Memphis
- Price: $989,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 6485 River Fall Dr, Memphis on Redfin.com
6351 Massey Green Ln, Memphis
- Price: $985,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 6351 Massey Green Ln, Memphis on Redfin.com
4024 Baronne Way #42, Memphis
- Price: $979,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 4024 Baronne Way #42, Memphis on Redfin.com
6303 Massey Oaks Cv, Memphis
- Price: $949,000
- 5 bedrooms, 4 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 6303 Massey Oaks Cv, Memphis on Redfin.com
136 Fox Glade Ln, Unincorporated
- Price: $949,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 136 Fox Glade Ln, Unincorporated on Redfin.com
1426 Le Fleur Pl, Memphis
- Price: $949,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 1426 Le Fleur Pl, Memphis on Redfin.com
361 Angelwood Cir E, Memphis
- Price: $939,900
- 5 bedrooms, 4 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 361 Angelwood Cir E, Memphis on Redfin.com
717 Riverside Dr Unit 609/610, Memphis
- Price: $925,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 717 Riverside Dr Unit 609/610, Memphis on Redfin.com
6470 Corsica Dr, Memphis
- Price: $920,000
- 5 bedrooms, 6 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 6470 Corsica Dr, Memphis on Redfin.com
8541 The Island At Southwin Dr, Memphis
- Price: $899,950
- 3 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 8541 The Island At Southwin Dr, Memphis on Redfin.com
200 Owls Roost Ln, Cordova
- Price: $899,000
- 6 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 200 Owls Roost Ln, Cordova on Redfin.com
459 Oma Cv, Memphis
- Price: $899,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 459 Oma Cv, Memphis on Redfin.com
12000 Metz Pl, Eads
- Price: $899,000
- 5 bedrooms, 5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 12000 Metz Pl, Eads on Redfin.com
78 Pidgeon Dr, Memphis
- Price: $899,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 78 Pidgeon Dr, Memphis on Redfin.com
3431 Lake Pointe Dr, Memphis
- Price: $899,000
- 4 bedrooms, 5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 3431 Lake Pointe Dr, Memphis on Redfin.com
4276 S Montrose Dr, Memphis
- Price: $898,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 4276 S Montrose Dr, Memphis on Redfin.com
9240 Riveredge Dr, Memphis
- Price: $895,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 9240 Riveredge Dr, Memphis on Redfin.com
671 Jefferson Ave, Memphis
- Price: $890,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 671 Jefferson Ave, Memphis on Redfin.com
789 Harbor Isle Cir W, Memphis
- Price: $875,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 789 Harbor Isle Cir W, Memphis on Redfin.com
4730 Sequoia Rd, Memphis
- Price: $875,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 4730 Sequoia Rd, Memphis on Redfin.com
105 Grove Park Cir, Memphis
- Price: $875,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 105 Grove Park Cir, Memphis on Redfin.com
4654 Hemlock Ln, Memphis
- Price: $875,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 4654 Hemlock Ln, Memphis on Redfin.com
434 River Oaks Pl, Memphis
- Price: $867,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 434 River Oaks Pl, Memphis on Redfin.com
4359 W Cherry Place Dr, Memphis
- Price: $865,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 4359 W Cherry Place Dr, Memphis on Redfin.com
9134 Randle Valley Dr, Cordova
- Price: $860,000
- 7 bedrooms, 7 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 9134 Randle Valley Dr, Cordova on Redfin.com
1928 Clarington Dr, Germantown
- Price: $850,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: not available
- Price per square foot: not available
- See 1928 Clarington Dr, Germantown 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
