The true property market is overflowing with listings, with stock leaping for the twenty fifth straight month. There are actually greater than 1 million properties on the market — and a minimum of 10% of these properties are promoting for $1 million or extra.
However a $1 million price ticket isn’t at all times thought-about luxurious. In cities equivalent to Los Angeles, Miami and New York, $1 million can nonetheless imply a smaller dwelling, a fixer-upper, or one thing “dated.”
“Consumers in these markets are competing at worth factors that might be thought-about top-tier nearly anyplace else,” says Anthony Smith, senior economist at Realtor.com®.
The New York Metropolis metro tops the listing with essentially the most properties listed at $1 million and above. A part of that metro sits proper throughout the Hudson River. It’s Bergen County, NJ, which is densely populated with properties of all sizes and communities providing an array of conveniences from buying to recreation.
“Million-dollar properties in Bergen County are actually the brand new norm,” Taylor Lucyk, actual property dealer with the Taylor Lucyk Group, tells Realtor.com.
“Bergen County is among the most fascinating locations to stay in New Jersey, largely due to its unbeatable proximity to New York Metropolis. It’s a dream for commuters, with the vast majority of cities providing easy accessibility to trains, buses, main highways, and walkable downtowns full of eating and buying.”
Lucyk says the top-rated college techniques and secure communities draw sturdy demand year-round.
“All of this drives dwelling values up, which is why $1 million has turn out to be the brand new $500,000 in lots of neighborhoods,” Lucyk says.
“In lots of the metros with the very best variety of million-dollar listings, a $1 million price ticket merely doesn’t purchase what it used to,” Smith explains.
“These are a number of the priciest housing markets within the nation, the place sturdy demand, restricted land, and long-standing excessive value buildings have pushed typical dwelling costs far above the nationwide norm.”
Lucyk says a $1 million price ticket in Bergen County just isn’t frequent, however quite it’s anticipated in lots of the most sought-after cities, particularly because the market continues to fluctuate.
Regardless of the excessive price ticket, luxurious properties bought quicker than final yr throughout most tiers, with the ninetieth percentile shifting three days quicker yr over yr, in line with the Realtor.com October 2025 Luxurious Housing Report. This narrows the historic hole between luxurious and typical listings.
“The abundance of million-dollar and multimillion-dollar listings indicators that these metros are usually not simply costly, they’re established luxurious markets with sturdy attraction to prosperous consumers,” Smith says. “Luxurious demand is powerful sufficient to help worth tiers that go nicely past the nationwide definition of luxurious.”
Realtor.com economists recognized the metros with essentially the most million-dollar properties on the market, and it comes as no shock that metros alongside each coasts prime the listing.
1. New York-Newark-Jersey Metropolis, NY-NJ
- Variety of million-dollar listings: 11,873
- In comparison with median listing worth: $750,000
- Median earnings: $94,960
2. Miami-Fort Lauderdale-West Palm Seashore, FL
- Variety of million-dollar listings: 10,641
- In comparison with median listing worth: $500,000
- Median earnings: $74,274
3. Los Angeles-Lengthy Seashore-Anaheim, CA
- Variety of million-dollar listings: 9,042
- In comparison with median listing worth: $1,085,000
- Median earnings: $91,380
4. Phoenix-Mesa-Chandler, AZ
- Variety of million-dollar listings: 2,921
- In comparison with median listing worth: $489,000
- Median earnings: $87,718
5. Dallas-Fort Value-Arlington, TX
- Variety of million-dollar listings: 2,710
- In comparison with median listing worth: $420,000
- Median earnings: $88,783
6. Boston-Cambridge-Newton, MA-NH
- Variety of million-dollar listings: 2,466
- In comparison with median listing worth: $785,000
- Median earnings: $109,295
7. Seattle-Tacoma-Bellevue, WA
- Variety of million-dollar listings: 2,418
- In comparison with median listing worth: $749,950
- Median earnings: $113,456
8. Atlanta-Sandy Springs-Roswell, GA
- Variety of million-dollar listings: 2,334
- In comparison with median listing worth: $410,000
- Median earnings: $87,947
9. Washington-Arlington-Alexandria, DC-VA-MD-WV
- Variety of million greenback listings: 2,311
- In comparison with median listing worth: $575,000
- Median earnings: $123,200
10. San Francisco-Oakland-Fremont, CA
- Variety of million-dollar listings: 2,254
- In comparison with median listing worth: $915,000
- Median earnings: $133,542
