The number of homes worth at least $1 million are at record highs, with nearly one in ten US homes at the million dollar mark, according to Redfin data compiled from public records and MLS data as of June 2024. 

The median sale price rose for all homes at all prices, across the board. The median for US homes nationwide was up four percent year over year in June, and up nine percent for luxury homes, according to the data.  

The share of homes worth at least $1 million rose year over year in all but three US states. The outliers were Austin, where it fell by ten percent, and Indianapolis and Houston, where it remained the same. 

California is leading the pack, gaining more million-dollar homes faster than any other state. Anaheim, San Diego and Los Angeles are winning the race with million-dollar-homes up anywhere from 40 percent to 60 percent. A whopping 80 percent of homes in San Francisco and San Jose are worth more than seven figures. 

Updated: Boston Real Estate Blog 2024

Ford Realty Beacon Hill – Condo for Sale Office