baltimore $1 million home

Million-dollar listings have become commonplace in the US real estate market.
But when you compare the cost-per-square-foot for million-dollar listings across the country, you’ll find very different results.
In Detroit, Michigan, $1 million will fetch more than 5,000 square feet, while the same priced home in New York City buys less than 800 square feet.
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Million-dollar listings once heralded true luxury for Americans who could afford it, but now — according to a Trulia report last year — more than 4% of all homes across the 100 largest US metros are worth at least $1 million.

Still, how much space seven figures will buy in different parts of the country ranges drastically. A million dollars could fetch buyers less than 800 square feet in New York City and well over 5,000 square feet in the suburbs of cities such as Detroit and Memphis.

Read more: NYC is getting so expensive that even Wall Street bankers are bolting — and it’s not the only major city the wealthy are abandoning

According to listings on sites such as Trulia and Zillow, $1 million home sizes vary in each of the United States’ largest metros by population. Findings prove similar to how average $250,000 homes vary depending on location: homes in metros with lower costs of living offer more space for the same price tag.

Below, check out what a million-dollar listing looks like around the US, ordered from the least to most populous city.

SEE ALSO: What a $500,000 home looks like in 25 major cities across America

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Seattle, Washington

Listing price: $999,000

Square feet: 5,392

Price per square foot: $185

Boston, Massachusetts

In Massachusetts’ capital city, a six-bedroom, five-bathroom home is available for around $1.1 million. The home was built in 1900.

Listing price: $1,145,000
Square feet: 4,362
Price per square foot: $262

Baltimore, Maryland

A $1 million five-bedroom, five-bathroom home is for sale in a Baltimore neighborhood.

Listing price: $1,000,000
Square feet: 3,713
Price per square foot: $269

Nashville-Davidson, Tennessee

In a surrounding Nashville neighborhood, a five-bedroom, five-bathroom lakefront home is on the market for $1 million.

Listing price: $1,000,000
Square feet: 4,873
Price per square foot: $205

Memphis, Tennessee

In Memphis, a four-bedroom, seven bathroom suburban home is on the market for $1.1 million.

Listing price: $1,100,000
Square feet: 6,369
Price per square foot: $173

El Paso, Texas

A gated four-bedroom, …read more

Source:: Business Insider

      

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What a $1 million home looks like in 25 major American cities

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