How much house $1 million buys you in Minneapolis
The number of American houses worth $1 million is at an all-time high, as home prices continue to hit new records.
While million-dollar homes are out of reach for the vast majority of Americans, they are no longer just being bought and sold by the ultra-wealthy. In San Francisco, the median-priced home sells for more than $1.6 million – far above the national median of $441,000. Meanwhile, in Detroit, $1 million listings are rare.
Today, there are only seven major metros where a luxury home — valued in the top 5% of homes — costs less than $1 million, compared to 30 just five years ago.
“The $1 million mark used to signal true luxury; now, in many parts of the country, it simply means the price of a typical home,” said Jonathan Huffer, a Redfin Premier agent specializing in luxury properties in Palm Beach, Florida. “It’s a reflection of how dramatically home prices have risen, especially in coastal markets where million-dollar listings have become the norm rather than the exception.”
So, are you wondering what $1 million buys in today’s market? Redfin Real Estate pulled from its listings to see how far it goes in Minneapolis. Listings between $500,000 and $1,000,000 were included.
424 5th St SE, Minneapolis
– Price: $1,000,000
– 7 bedrooms, 5 bathrooms
– Square feet: 5,618
– Price per square foot: $177
– See 424 5th St SE, Minneapolis on Redfin.com
4501 Overlook Dr, Bloomington
– Price: $999,999
– 4 bedrooms, 3 bathrooms
– Square feet: 3,063
– Price per square foot: $326
– See 4501 Overlook Dr, Bloomington on Redfin.com
2501 W 112th St, Bloomington
– Price: $999,900
– 7 bedrooms, 4 bathrooms
– Square feet: 5,015
– Price per square foot: $199
– See 2501 W 112th St, Bloomington on Redfin.com
4804 12th Ave S, Minneapolis
– Price: $997,850
– 4 bedrooms, 4 bathrooms
– Square feet: 3,295
– Price per square foot: $302
– See 4804 12th Ave S, Minneapolis on Redfin.com
2000 Irving Ave S, Minneapolis
– Price: $995,000
– 4 bedrooms, 4 bathrooms
– Square feet: 4,708
– Price per square foot: $211
– See 2000 Irving Ave S, Minneapolis on Redfin.com
6700 W River Rd, Brooklyn Center
– Price: $995,000
– 5 bedrooms, 4 bathrooms
– Square feet: 3,454
– Price per square foot: $288
– See 6700 W River Rd, Brooklyn Center on Redfin.com
5704 Washburn Ave S, Minneapolis
– Price: $975,900
– 4 bedrooms, 4 bathrooms
– Square feet: 3,148
– Price per square foot: $310
– See 5704 Washburn Ave S, Minneapolis on Redfin.com
110 Bank St SE #504, Minneapolis
– Price: $975,000
– 2 bedrooms, 2 bathrooms
– Square feet: 1,766
– Price per square foot: $552
– See 110 Bank St SE #504, Minneapolis on Redfin.com
1404 W Franklin Ave, Minneapolis
– Price: $960,000
– 5 bedrooms, 4 bathrooms
– Square feet: 3,928
– Price per square foot: $244
– See 1404 W Franklin Ave, Minneapolis on Redfin.com
525 N 3rd St #502, Minneapolis
– Price: $950,000
– 2 bedrooms, 2 bathrooms
– Square feet: 1,686
– Price per square foot: $563
– See 525 N 3rd St #502, Minneapolis on Redfin.com
525 N 3rd St #306, Minneapolis
– Price: $949,500
– 2 bedrooms, 2 bathrooms
– Square feet: 1,820
– Price per square foot: $521
– See 525 N 3rd St #306, Minneapolis on Redfin.com
1920 Pillsbury Ave S, Minneapolis
– Price: $945,000
– 5 bedrooms, 5 bathrooms
– Square feet: 7,648
– Price per square foot: $123
– See 1920 Pillsbury Ave S, Minneapolis on Redfin.com
1760 Waterford Ct, Golden Valley
– Price: $935,000
– 3 bedrooms, 4 bathrooms
– Square feet: 3,894
– Price per square foot: $240
– See 1760 Waterford Ct, Golden Valley on Redfin.com
5128 Irving Ave S, Minneapolis
– Price: $899,900
– 4 bedrooms, 3 bathrooms
– Square feet: 2,415
– Price per square foot: $372
– See 5128 Irving Ave S, Minneapolis on Redfin.com
1944 Cedar Lake Pkwy, Minneapolis
– Price: $875,000
– 3 bedrooms, 2 bathrooms
– Square feet: 2,289
– Price per square foot: $382
– See 1944 Cedar Lake Pkwy, Minneapolis on Redfin.com
5043 42nd Ave S, Minneapolis
– Price: $874,955
– 4 bedrooms, 4 bathrooms
– Square feet: 3,127
– Price per square foot: $279
– See 5043 42nd Ave S, Minneapolis on Redfin.com
1240 S 2nd St #906, Minneapolis
– Price: $859,900
– 2 bedrooms, 2 bathrooms
– Square feet: 1,790
– Price per square foot: $480
– See 1240 S 2nd St #906, Minneapolis on Redfin.com
5224 17th Ave S, Minneapolis
– Price: $850,000
– 4 bedrooms, 3 bathrooms
– Square feet: 3,412
– Price per square foot: $249
– See 5224 17th Ave S, Minneapolis on Redfin.com
3712 Edmund Blvd, Minneapolis
– Price: $850,000
– 3 bedrooms, 4 bathrooms
– Square feet: 2,587
– Price per square foot: $328
– See 3712 Edmund Blvd, Minneapolis on Redfin.com
531 S 10th St, Minneapolis
– Price: $849,900
– 4 bedrooms, 3 bathrooms
– Square feet: 2,686
– Price per square foot: $316
– See 531 S 10th St, Minneapolis on Redfin.com
4129 Utica Ave S, Saint Louis Park
– Price: $849,500
– 5 bedrooms, 4 bathrooms
– Square feet: 3,259
– Price per square foot: $260
– See 4129 Utica Ave S, Saint Louis Park on Redfin.com
8621 W 29th St, Saint Louis Park
– Price: $849,000
– 4 bedrooms, 3 bathrooms
– Square feet: 3,994
– Price per square foot: $212
– See 8621 W 29th St, Saint Louis Park on Redfin.com
4820 W 95 1/2 St, Bloomington
– Price: $845,000
– 5 bedrooms, 5 bathrooms
– Square feet: 5,257
– Price per square foot: $160
– See 4820 W 95 1/2 St, Bloomington on Redfin.com
1201 Yale Pl #2102, Minneapolis
– Price: $825,000
– 2 bedrooms, 3 bathrooms
– Square feet: 2,500
– Price per square foot: $330
– See 1201 Yale Pl #2102, Minneapolis on Redfin.com
3916 Thomas Ave S, Minneapolis
– Price: $824,900
– 4 bedrooms, 2 bathrooms
– Square feet: 2,352
– Price per square foot: $350
– See 3916 Thomas Ave S, Minneapolis on Redfin.com
100 3rd Ave S #1107, Minneapolis
– Price: $820,000
– 2 bedrooms, 2 bathrooms
– Square feet: 1,472
– Price per square foot: $557
– See 100 3rd Ave S #1107, Minneapolis on Redfin.com
3200 W Bde Maka Ska Pkwy #203, Minneapolis
– Price: $810,000
– 3 bedrooms, 2 bathrooms
– Square feet: 2,100
– Price per square foot: $385
– See 3200 W Bde Maka Ska Pkwy #203, Minneapolis on Redfin.com
7810 W 95th St, Bloomington
– Price: $809,900
– 3 bedrooms, 3 bathrooms
– Square feet: 3,234
– Price per square foot: $250
– See 7810 W 95th St, Bloomington on Redfin.com
317 Groveland Ave #700, Minneapolis
– Price: $799,900
– 2 bedrooms, 3 bathrooms
– Square feet: 2,930
– Price per square foot: $273
– See 317 Groveland Ave #700, Minneapolis on Redfin.com
215 10th Ave S #606, Minneapolis
– Price: $799,900
– 2 bedrooms, 2 bathrooms
– Square feet: 1,610
– Price per square foot: $496
– See 215 10th Ave S #606, Minneapolis on Redfin.com
$1 million dollar homes in major cities around the country
215 W Illinois St Unit 2B-2C, Chicago
– Price: $1,000,000
– 3 bedrooms, 3 bathrooms
– Square feet: 4,396
– Price per square foot: $227
– See 215 W Illinois St Unit 2B-2C, Chicago on Redfin.com
5435 Preston Fairways Cir, Dallas
– Price: $1,000,000
– 3 bedrooms, 3.5 bathrooms
– Square feet: 4,392
– Price per square foot: $227
– See 5435 Preston Fairways Cir, Dallas on Redfin.com
2956 W Avenue 35, Los Angeles
– Price: $1,000,000
– 4 bedrooms, 2 bathrooms
– Square feet: 1,662
– Price per square foot: $601
– See 2956 W Avenue 35, Los Angeles on Redfin.com
6049 SW 165th Ave, Miami
– Price: $1,000,000
– 5 bedrooms, 4 bathrooms
– Square feet: 3,153
– Price per square foot: $317
– See 6049 SW 165th Ave, Miami on Redfin.com
206 E 95th St Unit 12B, New York City
– Price: $1,000,000
– 2 bedrooms, 2 bathrooms
– Square feet: 1,001
– Price per square foot: $999
– See 206 E 95th St Unit 12B, New York City on Redfin.com
3070 61st Ave SW, Seattle
– Price: $1,000,000
– 3 bedrooms, 2.5 bathrooms
– Square feet: 1,670
– Price per square foot: $598
– See 3070 61st Ave SW, Seattle on Redfin.com
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