The ten US cities the place million-dollar properties are the brand new regular

Contents

1. New York-Newark-Jersey Metropolis, NY-NJ 2. Miami-Fort Lauderdale-West Palm Seaside, FL 3. Los Angeles-Lengthy Seaside-Anaheim, CA 4. Phoenix-Mesa-Chandler, AZ 5. Dallas-Fort Value-Arlington, TX 6. Boston-Cambridge-Newton, MA-NH 7. Seattle-Tacoma-Bellevue, WA 8. Atlanta-Sandy Springs-Roswell, GA 9. Washington-Arlington-Alexandria, DC-VA-MD-WV 10. San Francisco-Oakland-Fremont, CA

The actual property market is overflowing with listings, with stock leaping for the twenty fifth straight month. There at the moment are greater than 1 million properties on the market — and a minimum of 10% of these properties are promoting for $1 million or extra.

However a $1 million price ticket isn’t all the time thought of luxurious. In cities equivalent to Los Angeles, Miami and New York, $1 million can nonetheless imply a smaller residence, a fixer-upper, or one thing “dated.”

“Patrons in these markets are competing at value factors that will be thought of top-tier nearly anyplace else,” says Anthony Smith, senior economist at Realtor.com®.

The New York Metropolis metro tops the listing with probably the most properties listed at $1 million and above. A part of that metro sits proper throughout the Hudson River. It’s Bergen County, NJ, which is densely populated with properties of all sizes and communities providing an array of conveniences from purchasing to recreation.

“Million-dollar properties in Bergen County are really the brand new norm,” Taylor Lucyk, actual property dealer with the Taylor Lucyk Group, tells Realtor.com.

“Bergen County is likely one of the most fascinating locations to dwell in New Jersey, largely due to its unbeatable proximity to New York Metropolis. It’s a dream for commuters, with the vast majority of cities providing quick access to trains, buses, main highways, and walkable downtowns stuffed with eating and purchasing.”

Lucyk says the top-rated faculty programs and protected communities draw robust demand year-round.

“All of this drives residence values up, which is why $1 million has change into the brand new $500,000 in lots of neighborhoods,” Lucyk says.

“In lots of the metros with the very best variety of million-dollar listings, a $1 million price ticket merely doesn’t purchase what it used to,” Smith explains.

“These are among the priciest housing markets within the nation, the place robust demand, restricted land, and long-standing excessive price buildings have pushed typical residence costs far above the nationwide norm.”

Lucyk says a $1 million price ticket in Bergen County isn’t widespread, however reasonably it’s anticipated in lots of the most sought-after cities, particularly because the market continues to fluctuate.

Regardless of the excessive price ticket, luxurious properties bought quicker than final yr throughout most tiers, with the ninetieth percentile transferring three days quicker yr over yr, in keeping with the Realtor.com October 2025 Luxurious Housing Report. This narrows the historic hole between luxurious and typical listings.

“The abundance of million-dollar and multimillion-dollar listings alerts that these metros aren’t simply costly, they’re established luxurious markets with robust enchantment to prosperous patrons,” Smith says. “Luxurious demand is strong sufficient to help value tiers that go properly past the nationwide definition of luxurious.”

Realtor.com economists recognized the metros with probably the most million-dollar properties on the market, and it comes as no shock that metros alongside each coasts high the listing.