{"id":86350,"date":"2026-07-08T05:00:53","date_gmt":"2026-07-08T12:00:53","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=86350"},"modified":"2026-07-08T05:01:10","modified_gmt":"2026-07-08T12:01:10","slug":"major-metros-luxury-homes-still-under-million-dollars","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/major-metros-luxury-homes-still-under-million-dollars\/","title":{"rendered":"There Are Now Only 5 Major Metros Where A Typical Luxury Home Costs Less Than $1 Million"},"content":{"rendered":"<ul>\n<li><i><span style=\"font-weight: 400;\">The number of major metros where you can buy a luxury home for less than $1 million is down five from eight last year.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Detroit is the most affordable metro for luxury homes, with a median price of $719,252<\/span><\/i><span style=\"font-weight: 400;\">\u2014<\/span><i><span style=\"font-weight: 400;\">47.7% less than the typical luxury home nationwide, $1,374,470.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">San Francisco is the most expensive, with a median sale price of over $6.6 million.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Luxury homes in Indianapolis, St. Louis and Columbus crossed the $1 million threshold.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The typical luxury home costs less than $1 million in five of the top 49 most populous metros, down from eight in 2025.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most affordable metro for buying a high-end home is Detroit, MI where the median sale price for a luxury home was $719,252 in May\u201447.7% less than the typical luxury home nationwide.\u00a0<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-hH7pR\" style=\"border: none;\" title=\"Major U.S. Metros Where You Can Buy a Luxury Home for Less Than $1M\" src=\"https:\/\/datawrapper.dwcdn.net\/hH7pR\/3\/\" width=\"866\" height=\"438\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Column Chart\" data-external=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s according to a Redfin analysis of home-sale price-tier data for the three months ending May 31, 2026. Luxury homes are defined as those estimated to be in the top 5% of their respective metro area based on prices of homes sold over a rolling 12-month period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe Detroit area has a lot of beautiful, high-end homes that are affordable here, but would cost millions of dollars if they were in a major coastal metro area,\u201d <\/span><a href=\"https:\/\/www.anneloehrhomes.com\/\"><span style=\"font-weight: 400;\">Anne Loehr<\/span><\/a><span style=\"font-weight: 400;\">, Redfin Principal Agent, said. \u201cI don\u2019t know how long it will last, especially as we see more people moving here from the coasts.\u201d<\/span><\/p>\n<h3><b>Detroit, Cleveland, Pittsburgh, Cincinnati and San Antonio Are the Only Major Metros Where the Median Luxury Home Costs Less Than $1 Million<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\n\u201cLuxury home prices have continued to climb because wealthy buyers tend to be less constrained by mortgage rates and more focused on finding the right property. The fact that only five major metros still offer a typical luxury home for under $1 million shows just how much the high-end market has appreciated in recent years. For buyers looking to break into the luxury segment, those markets remain some of the few places where a seven-figure budget isn&#8217;t yet the price of admission,\u201d <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/yingqi-xuredfin-com\/\"><span style=\"font-weight: 400;\">Yingqi Xu<\/span><\/a><span style=\"font-weight: 400;\">, Redfin Senior Economist, said.<\/span><\/p>\n<h3><b>Luxury Prices in Indianapolis, St. Louis and Columbus Cross the $1 Million Mark<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nFast home price growth pushed Indianapolis and St. Louis across the $1 million threshold, having seen high-end home prices rise 9% and 10.9%, respectively, over the past year. The typical luxury home in Indianapolis now costs $1,009,314; in St. Louis, it costs $1,028,596.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Columbus, luxury home prices grew at a slower pace, up 2.9% year over year, reaching $1,017,342 in May.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nationwide, the median luxury home sale price is $1,374,470, up 4.7% from last year.<\/span><\/p>\n<h2><strong>The 5 Major U.S. Metros Where You Can Still Buy a Luxury Home For Less Than $1 Million, May 2026<\/strong><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Ranking\u00a0<\/b><\/td>\n<td><b>Metro area<\/b><\/td>\n<td><b>Luxury median home sale price (2026)<\/b><\/td>\n<td><b>Luxury median home sale price (YoY)<\/b><\/td>\n<\/tr>\n<tr>\n<td>1.<\/td>\n<td><span style=\"font-weight: 400;\">Detroit, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$719,252<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td>2.<\/td>\n<td><span style=\"font-weight: 400;\">Cleveland, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$833,228<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11%<\/span><\/td>\n<\/tr>\n<tr>\n<td>3.<\/td>\n<td><span style=\"font-weight: 400;\">Pittsburgh, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$904,202<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td>4.<\/td>\n<td><span style=\"font-weight: 400;\">Cincinnati, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$952,523<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td>5.<\/td>\n<td><span style=\"font-weight: 400;\">San Antonio, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$968,344<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><i><span style=\"font-weight: 400;\">This report is based on a Redfin analysis of MLS data that is subject to revision. All figures cover a three month period ending in May 2026. Redfin defines luxury homes as those estimated to be in the top 5% of their metro area\u2019s price range.<\/span><\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>California and Florida Dominate the Nation\u2019s Most Expensive Luxury Housing Markets<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.redfin.com\/news\/most-competitive-housing-markets-2026\/\"><span style=\"font-weight: 400;\">San Francisco remains the priciest major metro<\/span><\/a><span style=\"font-weight: 400;\">, with the typical luxury home selling for roughly $6.6 million during the three months ending May. Anaheim ($5.3 million), Miami ($4.9 million), Los Angeles ($4.5 million) and West Palm Beach ($4.51 million) round out the five most expensive luxury markets.<\/span><\/p>\n<h2><strong>The 5 Major U.S. Metros With the Most Expensive Luxury Homes, May 2026<\/strong><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Ranking\u00a0<\/b><\/td>\n<td><b>Metro area<\/b><\/td>\n<td><b>Luxury median home sale price (2026)<\/b><\/td>\n<td><b>Luxury median home sale price (YoY)<\/b><\/td>\n<\/tr>\n<tr>\n<td>1.<\/td>\n<td><span style=\"font-weight: 400;\">San Francisco, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$6,648,922<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6%<\/span><\/td>\n<\/tr>\n<tr>\n<td>2.<\/td>\n<td><span style=\"font-weight: 400;\">Anaheim, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$5,276,971<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td>3.<\/td>\n<td><span style=\"font-weight: 400;\">Miami, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,855,331<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td>4.<\/td>\n<td><span style=\"font-weight: 400;\">Los Angeles, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,512,482<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td>5.<\/td>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,510,196<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><i><span style=\"font-weight: 400;\">This report is based on a Redfin analysis of MLS data that is subject to revision. All figures cover a three month period ending in May 2026. Redfin defines luxury homes as those estimated to be in the top 5% of their metro area\u2019s price range.<\/span><\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/www.redfin.com\/news\/luxury-housing-market-may-2026\/\"><span style=\"font-weight: 400;\">The divide between luxury and non-luxury home prices<\/span><\/a><span style=\"font-weight: 400;\"> continues to widen in many metros.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luxury homes in West Palm Beach, FL sold for a median sale price of $4.5 million, nearly nine times more costly than the typical non-luxury home.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The South Florida metro has the biggest luxury home price premium among the 49 most populous U.S. housing markets, followed closely by neighboring Miami. In Miami, the typical luxury home sale price was $4,855,311, up 14.2% year over year, the largest increase among the five most expensive luxury markets.\u00a0<\/span><\/p>\n<h2><strong>Luxury Housing Price Growth by Metro Area<\/strong><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Metro Area<\/b><\/td>\n<td><b>Median sale price: luxury<\/b><\/td>\n<td><b>Luxury median home sale price (YoY)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Anaheim, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$5,276,971<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlanta, GA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,440,533<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Austin, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,811,150<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Baltimore, MD<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,276,125<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Boston, MA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,826,655<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Charlotte, NC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,660,462<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Chicago, IL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,545,360<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cincinnati, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$952,523<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cleveland, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$833,228<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Columbus, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,017,342<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Dallas, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,603,312<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Denver, CO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,971,456<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Detroit, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$719,252<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Worth, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,309,293<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Houston, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,361,843<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Indianapolis, IN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,009,314<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,589,567<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Kansas City, MO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,137,946<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Las Vegas, NV<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,694,567<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Los Angeles, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,512,482<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Miami, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,855,331<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Milwaukee, WI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,098,057<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minneapolis, MN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,284,400<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Montgomery County, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,544,219<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nashville, TN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,190,591<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nassau County, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,862,605<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New Brunswick, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,947,027<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-4.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New York, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,380,249<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Newark, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,126,234<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Oakland, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,999,012<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,437,130<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Philadelphia, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,342,284<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Phoenix, AZ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,225,630<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pittsburgh, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$904,202<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Portland, OR<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,459,821<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Providence, RI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,714,243<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Riverside, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,723,962<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,721,234<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Antonio, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$968,344<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Diego, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$3,771,304<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Francisco, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$6,648,922<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$5,654,565<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Seattle, WA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,992,812<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">St. Louis, MO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,028,596<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,650,875<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Virginia Beach, VA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,105,952<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Warren, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,052,067<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Washington, DC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,040,078<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,510,196<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>National<\/b><\/td>\n<td><b>$1,374,470<\/b><\/td>\n<td><b>4.7%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Methodology<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">This report is based on a Redfin analysis of MLS data that is subject to revision. All figures cover a three month period ending in May 2026. Redfin defines luxury homes as those estimated to be in the top 5% of their metro area\u2019s price range, while non-luxury homes fall into the 35th-65th percentile.<\/span><\/i><span style=\"font-weight: 400;\"> This report covers 49 of the most populous areas for which Redfin has data.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of major metros where you can buy a luxury home for less than $1 million is down five from eight last year.\u00a0 Detroit is the most affordable metro for luxury homes, with a median price of $719,252\u201447.7% less than the typical luxury home nationwide, $1,374,470. San Francisco is the most expensive, with a [&hellip;]<\/p>\n","protected":false},"author":13584,"featured_media":86351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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