How much house $1 million buys you in Madison
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 Madison. Listings between $500,000 and $1,000,000 were included.
1922 Adams St, Madison
- Price: $995,000
- 5 bedrooms, 2 bathrooms
- Square feet: 2,438
- Price per square foot: $408
- See 1922 Adams St, Madison on Redfin.com
806 Stagecoach Trl, Madison
- Price: $975,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,676
- Price per square foot: $208
- See 806 Stagecoach Trl, Madison on Redfin.com
2894 Waubesa Ave, Madison
- Price: $975,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,120
- Price per square foot: $459
- See 2894 Waubesa Ave, Madison on Redfin.com
5525 Portage Rd, Madison
- Price: $965,000
- 5 bedrooms, 5 bathrooms
- Square feet: 4,317
- Price per square foot: $223
- See 5525 Portage Rd, Madison on Redfin.com
631 Rustic Rise Way, Verona
- Price: $950,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,212
- Price per square foot: $295
- See 631 Rustic Rise Way, Verona on Redfin.com
4215 Wanetah Trl, Madison
- Price: $950,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,026
- Price per square foot: $313
- See 4215 Wanetah Trl, Madison on Redfin.com
2707 Mason St, Madison
- Price: $950,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,711
- Price per square foot: $350
- See 2707 Mason St, Madison on Redfin.com
9202 Settlers Rd, Madison
- Price: $949,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,352
- Price per square foot: $283
- See 9202 Settlers Rd, Madison on Redfin.com
2830 Tomahawk Ct, Middleton
- Price: $949,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,350
- Price per square foot: $703
- See 2830 Tomahawk Ct, Middleton on Redfin.com
414 Virginia Ter, Madison
- Price: $899,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,364
- Price per square foot: $380
- See 414 Virginia Ter, Madison on Redfin.com
1515 Spaight St, Madison
- Price: $895,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,262
- Price per square foot: $395
- See 1515 Spaight St, Madison on Redfin.com
1733 Camelot Dr, Madison
- Price: $890,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,608
- Price per square foot: $246
- See 1733 Camelot Dr, Madison on Redfin.com
6501 Bridge Rd Unit A101, Madison
- Price: $885,500
- 2 bedrooms, 2 bathrooms
- Square feet: 2,530
- Price per square foot: $350
- See 6501 Bridge Rd Unit A101, Madison on Redfin.com
402 Burnt Sienna Dr, Middleton
- Price: $879,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,138
- Price per square foot: $280
- See 402 Burnt Sienna Dr, Middleton on Redfin.com
6501 Bridge Rd Unit D103, Madison
- Price: $877,100
- 3 bedrooms, 2 bathrooms
- Square feet: 2,506
- Price per square foot: $350
- See 6501 Bridge Rd Unit D103, Madison on Redfin.com
10 Vienna Cir, Madison
- Price: $869,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,593
- Price per square foot: $335
- See 10 Vienna Cir, Madison on Redfin.com
23 Foxglove Cir, Madison
- Price: $850,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,456
- Price per square foot: $245
- See 23 Foxglove Cir, Madison on Redfin.com
5401 Westport Rd, Madison
- Price: $850,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,098
- Price per square foot: $405
- See 5401 Westport Rd, Madison on Redfin.com
14 Wood Cir, Madison
- Price: $849,250
- 3 bedrooms, 1.5 bathrooms
- Square feet: 2,082
- Price per square foot: $407
- See 14 Wood Cir, Madison on Redfin.com
2813 Regent St, Madison
- Price: $834,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,322
- Price per square foot: $359
- See 2813 Regent St, Madison on Redfin.com
6210 Winnequah Rd, Monona
- Price: $830,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,768
- Price per square foot: $299
- See 6210 Winnequah Rd, Monona on Redfin.com
101 Everglade Dr, Madison
- Price: $829,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,848
- Price per square foot: $215
- See 101 Everglade Dr, Madison on Redfin.com
3837 Monona Dr #2, Monona
- Price: $825,000
- 2 bedrooms, 3.5 bathrooms
- Square feet: 1,818
- Price per square foot: $453
- See 3837 Monona Dr #2, Monona on Redfin.com
4307 Bellgrove Ln, Madison
- Price: $820,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 4,304
- Price per square foot: $190
- See 4307 Bellgrove Ln, Madison on Redfin.com
5310 Dorsett Dr, Madison
- Price: $800,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,834
- Price per square foot: $208
- See 5310 Dorsett Dr, Madison on Redfin.com
7100 Applewood Dr, Madison
- Price: $800,000
- 4 bedrooms, 2 bathrooms
- Square feet: 3,427
- Price per square foot: $233
- See 7100 Applewood Dr, Madison on Redfin.com
211 S Henry St #401, Madison
- Price: $799,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,451
- Price per square foot: $551
- See 211 S Henry St #401, Madison 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
