Median Price Milestones: Markets Where Home Prices Have Surpassed $1 Million
In this analysis, we'll explore cities where median home prices have reached or surpassed $1 million, highlighting market trends and investment opportunities.
According to our data, the median sale price in Denver, CO is $504,969 with homes typically staying on the market for 32 days. In contrast, Seattle, WA has a median price of $330,672, a difference of $174,297. This highlights the varying market conditions between these two cities.
Another city that stands out is Miami, FL, with a median sale price of $692,034 and an inventory of 1606 homes. This suggests a competitive market with limited supply. Additionally, the median price in Miami is $359,953 higher than in Seattle, indicating a premium for properties in this location.
When it comes to homes sold, Denver, CO has a higher number of sales with 313 homes sold, compared to Seattle, WA with 264 homes sold. This suggests a more active market in Denver, with more buyers and sellers participating in the market.
In terms of days on market, Denver, CO has an average of 32 days, while Seattle, WA has an average of 37 days. This indicates that homes in Denver are selling faster than in Seattle, which may be due to a combination of factors including market conditions, pricing, and buyer demand.
where median analysis suggests that these cities are experiencing upward pressure on prices due to increasing demand and limited supply.
For a more in-depth analysis of market trends and investment opportunities, we recommend checking out our article on markets analysis and how it affects pricing.
Overall, our analysis highlights the varying market conditions and trends between different cities. By examining these metrics, investors and buyers can make more informed decisions when it comes to the real estate market.
markets analysis suggests that these cities are experiencing upward pressure on prices due to increasing demand and limited supply.
Median Sale Price Comparison
| City |
State |
Median Price |
| Denver |
CO |
$504,969 |
| Seattle |
WA |
$330,672 |
| Miami |
FL |
$692,034 |
Homes Sold Comparison
| City |
State |
Homes Sold |
| Denver |
CO |
313 |
| Seattle |
WA |
264 |
