The 7 Major Metros Where You Can Still Buy a Luxury Home For Under $1 Million

• The number of major metros where you can buy a luxury home for less than $1 million has shrunk from 30 to seven since 2020.
• Detroit is the most affordable metro for luxury homes, with a median price of $753,851—44.1% less than the typical luxury home nationwide. San Francisco is the most expensive, with a median price above $6 million.
• West Palm Beach has recorded the biggest luxury home price growth over the past decade (+207.6%), while New York has recorded the smallest (+33.4%).

The typical luxury home costs less than $1 million in seven of the top 50 most populous metros, down from 30 metros just five years ago.

The most affordable metro for buying a high-end property is Detroit, where the median price for a luxury home was $753,851 in April—44.1% less than the typical…