$1 million US homes 3
What a $1 million home looks like in 25 major American cities Part 3
By Tanza Loudenback and Matthew Michaels From Business Insider
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 Tampa, Florida, $1 million will fetch more than 5,000 square feet, while the same priced home in New York City buys less than 900 square feet.
Million-dollar listings once heralded true luxury for Americans who could afford it, but now 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 as little as 846 square feet in New York City and as much as 5,392 in Tampa, Florida.
That’s according to our friends at Trulia, who rounded listings in the $1 million range for the 25 largest metros in the US by population to find out how home sizes compare.
Below, check out what a million-dollar listing looks like around the US, ordered from lowest to highest cost per square foot.
Dallas, Texas
Image from Trulia listing
Listing price: $1,000,000
Square feet: 2,190
Price per square foot: $457
Chicago, Illinois
Image from Trulia listing
Listing price: $999,900
Square feet: 2,037
Price per square foot: $491
Denver, Colorado
Image from Trulia listing
Listing price: $1,000,000
Square feet: 1,952
Price per square foot: $512
Suffolk County, New York
Image from Trulia listing
Listing price: $995,000
Square feet: 1,360
Price per square foot: $732
Miami, Florida
Image from Trulia listing
Listing price: $999,000
Square feet: 1,253
Price per square foot: $797
Oakland, California
Image from Trulia listing
Listing price: $995,000
Square feet: 1,248
Price per square foot: $797
Washington, DC
Image from Trulia listing
Listing price: $999,900
Square feet: 1,200
Price per square foot: $833
San Diego, California
Image from Trulia listing
Listing price: $999,900
Square feet: 1,194
Price per square foot: $837
New York, New York
Image from Trulia listing
Listing price: $1,000,000
Square feet: 846
Price per square foot: $1,182
For more on this story go to: http://www.businessinsider.com/million-dollar-listing-photos-los-angeles-new-york-seattle-2018-5?utm_source=feedburner&%3Butm_medium=referral&utm_medium=feed&utm_campaign=Feed%3A%20businessinsider%20(Business%20Insider)#new-york-new-york-25
See also new study by Today’s Homeowner that examined trends over the past several years, looking at the share of million-dollar homes by state and expectations for the future. This can be found at https://todayshomeowner.com/blog/guides/cities-most-million-dollar-homes/