The U.S. housing market continues to expand its inventory, marking more than two years of steady growth and pushing total listings beyond one million homes. Notably, at least ten percent of these properties now carry price tags of one million dollars or more. In cities like New York, Miami, and Los Angeles, buyers are finding that seven figure homes often represent standard offerings rather than elite luxury.
• Over one million homes are currently for sale, with a significant share priced at one million dollars or higher
• Coastal metros including New York, Miami, and Los Angeles lead the country in million dollar listings
• In high demand areas, seven figure homes may still be modest or require updates
• Luxury homes are selling faster year over year, signaling sustained demand among affluent buyers
Closing Wrap-Up
As demand remains strong and land stays limited, million dollar homes are increasingly viewed as entry level in established luxury markets. The trend suggests a lasting shift in how buyers define value and luxury across major U.S. cities.
Attribution By: Joy Dumandan | Realtor.com | December 12, 2025
Photo Credit
Photo: Courtesy of Realtor.com
