Luxury Homes Average Over $1M in Most Major Metro Areas -- Market Talk

Dow Jones

06-11

1057 ET - The typical luxury home costs less than $1 million in seven of the top 50 most populous metros, down from 30 metros just five years ago, Redfin says. The most affordable metro for buying a high-end property is Detroit, where the median price for a luxury home was $753,851 in April. That's 44.1% less than the typical luxury home nationwide. From 2013 through 2017, there were 35 major metros where the median price for a luxury home was less than $1 million. By 2020, the number of metros was down to 30. Pandemic buying accelerated home price growth across all tiers--including the luxury bracket. By 2025, only seven major metros remain where you can buy a luxury home for less than $1 million: Detroit, Cleveland, Pittsburgh, Indianapolis, St. Louis, Cincinnati and San Antonio. (chris.wack@wsj.com)

(END) Dow Jones Newswires

June 11, 2025 10:57 ET (14:57 GMT)

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(chris.wack@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2025 10:57 ET (14:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6130","symbol_name":"综合零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2542533759","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542533759","pubTimestamp":1749653820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1057 ET - The typical luxury home costs less than $1 million in seven of the top 50 most populous metros, down from 30 metros just five years ago, Redfin says. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6130":"综合零售","BK6026":"百货商店","CFA.SI":"NikkoAM-STC Asia REIT","BK6514":"零售商股","M01.SI":"美罗","BK4548":"巴美列捷福持仓","BK4079":"房地产服务","RDFN":"Redfin Corp"},"translate_title":"大多数主要都会区的豪华住宅平均价格超过100万美元——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":0.9,"M01.SI":1,"RDFN":0.9},"content_text":"1057 ET - The typical luxury home costs less than $1 million in seven of the top 50 most populous metros, down from 30 metros just five years ago, Redfin says. The most affordable metro for buying a high-end property is Detroit, where the median price for a luxury home was $753,851 in April. That's 44.1% less than the typical luxury home nationwide. From 2013 through 2017, there were 35 major metros where the median price for a luxury home was less than $1 million. By 2020, the number of metros was down to 30. 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