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There Are Now Only 5 Major Metros Where A Typical Luxury Home Costs Less Than $1 Million

calendar_today July 8, 2026 person Celia Fernandez domain redfin

The number of major metros where you can buy a luxury home for less than $1 million is down to five from eight last year. Detroit is the most affordable metro for luxury homes, with a median price of $719,252—47.7% less than the typical luxury home nationwide, $1,374,470. San Francisco is the most expensive, with […] The post There Are Now Only 5 Major Metros Where A Typical Luxury Home Costs Less Than $1 Million appeared first on Redfin Real Estate News .

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