There Are Now Only 5 Major Metros Where a Typical Luxury Home Costs Less Than $1 Million
A report from Redfin indicates that only five major U.S. metros currently offer typical luxury homes for under $1 million, a decrease from eight in 2025. Detroit remains the most affordable luxury market at a median price of $719,252, whereas the national median luxury home price reached $1,374,470 in May, up 4.7% year-over-year. Indianapolis and St.
Key figures
- National luxury price yoy
- 4.7%
- Detroit luxury median price
- 719252
- Columbus luxury median price
- 1017342
- Detroit discount vs national
- 47.7%
- National luxury median price
- 1374470
- St louis luxury median price
- 1028596
- Affordable luxury metros count
- 5
- Indianapolis luxury median price
- 1009314
- San francisco luxury median price
- 6648922
- West palm beach luxury median price
- 4510196
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.