How much house $1 million buys you in Richmond
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 Richmond. Listings between $500,000 and $1,000,000 were included.
3908 Lyons Mill Lane Gln, Glen Allen
- Price: $999,990
- 6 bedrooms, 5 bathrooms
- Square feet: 4,241
- Price per square foot: $235
- See 3908 Lyons Mill Lane Gln, Glen Allen on Redfin.com
2611 Kensington Ave, Richmond
- Price: $990,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,763
- Price per square foot: $358
- See 2611 Kensington Ave, Richmond on Redfin.com
12213 Woodson Hills Ct, Glen Allen
- Price: $985,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,500
- Price per square foot: $281
- See 12213 Woodson Hills Ct, Glen Allen on Redfin.com
425 W 7th St, Richmond
- Price: $979,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 3,604
- Price per square foot: $271
- See 425 W 7th St, Richmond on Redfin.com
11513 Emerson Mill Way, Glen Allen
- Price: $974,950
- 5 bedrooms, 4 bathrooms
- Square feet: 4,543
- Price per square foot: $214
- See 11513 Emerson Mill Way, Glen Allen on Redfin.com
4317 Allenbend Rd, Glen Allen
- Price: $974,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 5,384
- Price per square foot: $181
- See 4317 Allenbend Rd, Glen Allen on Redfin.com
215 S Stafford Ave, Richmond
- Price: $965,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,435
- Price per square foot: $396
- See 215 S Stafford Ave, Richmond on Redfin.com
401 W 7th St, Richmond
- Price: $959,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,100
- Price per square foot: $309
- See 401 W 7th St, Richmond on Redfin.com
716 N Arthur Ashe Blvd, Richmond
- Price: $959,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,074
- Price per square foot: $311
- See 716 N Arthur Ashe Blvd, Richmond on Redfin.com
3321 Haydenpark Ln, Henrico
- Price: $954,260
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,033
- Price per square foot: $314
- See 3321 Haydenpark Ln, Henrico on Redfin.com
444 W 6th St, Richmond
- Price: $950,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,732
- Price per square foot: $347
- See 444 W 6th St, Richmond on Redfin.com
4911 Maben Hill Ln, Glen Allen
- Price: $945,000
- 6 bedrooms, 5 bathrooms
- Square feet: 3,762
- Price per square foot: $251
- See 4911 Maben Hill Ln, Glen Allen on Redfin.com
1220 W Franklin St, Richmond
- Price: $925,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,326
- Price per square foot: $278
- See 1220 W Franklin St, Richmond on Redfin.com
8011 River Rd, Henrico
- Price: $919,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,261
- Price per square foot: $281
- See 8011 River Rd, Henrico on Redfin.com
8632 Cherokee Rd, Richmond
- Price: $919,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,181
- Price per square foot: $421
- See 8632 Cherokee Rd, Richmond on Redfin.com
417 W 7th St, Richmond
- Price: $914,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,100
- Price per square foot: $294
- See 417 W 7th St, Richmond on Redfin.com
3327 Haydenpark Ln, Henrico
- Price: $904,733
- 4 bedrooms, 4.5 bathrooms
- Square feet: 3,033
- Price per square foot: $298
- See 3327 Haydenpark Ln, Henrico on Redfin.com
12300 Garnet Parke Cir, Henrico
- Price: $899,104
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,677
- Price per square foot: $335
- See 12300 Garnet Parke Cir, Henrico on Redfin.com
3925 Park Ave, Richmond
- Price: $899,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 2,691
- Price per square foot: $334
- See 3925 Park Ave, Richmond on Redfin.com
3325 Haydenpark Ln, Henrico
- Price: $898,291
- 4 bedrooms, 4.5 bathrooms
- Square feet: 3,033
- Price per square foot: $296
- See 3325 Haydenpark Ln, Henrico on Redfin.com
12328 Garnet Parke Cir, Henrico
- Price: $895,583
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,716
- Price per square foot: $329
- See 12328 Garnet Parke Cir, Henrico on Redfin.com
2449 Gold Leaf Cir, Henrico
- Price: $895,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 4,613
- Price per square foot: $194
- See 2449 Gold Leaf Cir, Henrico on Redfin.com
10598 Lambeth Rd, Glen Allen
- Price: $895,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,820
- Price per square foot: $234
- See 10598 Lambeth Rd, Glen Allen on Redfin.com
3312 Grove Ave, Richmond
- Price: $895,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,920
- Price per square foot: $466
- See 3312 Grove Ave, Richmond on Redfin.com
2500 Madison Station Ct, Henrico
- Price: $890,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 3,730
- Price per square foot: $238
- See 2500 Madison Station Ct, Henrico 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
