$1 Million Gives You Housing Market from Condos To Mansions

By | October 22, 2019

Although a million-dollar home conjures several pictures, a condo but 1,200 sq. feet isn’t typically among them. Yet, that’s exactly however so much your hard-earned dollar can get in San Francisco, wherever a typical single-family home listing for $1 million can get you a three-bedroom, one-bath home covering 1,150 sq. feet, in keeping with a brand new report by Zillow. 

In close Oakland and San Jose, $1 million can acquire regarding 1,500 sq. feet, whereas a typical $1 million condominium in Irvine, California, is almost 2,100 sq. feet, larger than $1 million detached homes in neighboring la. 

The value of any home depends greatly on location and land market conditions, and that’s no totally different for million-dollar homes. A $1 million tag can purchase a palatial dream place some cities, whereas consumers in massive coastal cities can get fewer bangs for their buck.

In most massive cities, 87 of the biggest a hundred enclosed within the Zillow analysis, a detached single-family home is the quality for a $1 million home. All have a minimum of 3 bedrooms and one-and-a-half bogs, and that they vary from around 1,400 sq. feet in Fremont, California, to quite 7,000 sq. feet in El Paso, Texas.

In addition to El Paso, $1 million can obtain a mansion of a minimum of 5,000 sq. feet in 9 different massive U.S. cities. Most are in Southern states, as well as four in Texas, 2 in Tennessee and one every in North geographic region and Alabama. The smallest $1 million single-family homes are in state capital and CA.