The cities with the most million-dollar homes revealed - with one in ten properties in the US now worth at least $1M

The U.S. cities with the astir million-dollars homes person been revealed, and 1 authorities successful peculiar dominated the list. 

Almost 1 successful 10 American homes were worthy astatine slightest $1million successful 2023, according to a real-estate investigation by Redfin.

While the nationalist mean percent of homes being valued implicit $1million is 8.2 percent - the metropolis astatine the apical of the database has a whopping 81 percent of houses supra the million-dollar mark. 

San Francisco was the metropolis that came successful archetypal - intimately followed by its neighbour successful the Bay Area, San Jose - with 80 percent of properties costing implicit $1million.

The cities that followed saw a important alteration successful percentage, but the numbers were inactive shocking.

In 3rd spot came successful Anaheim (55 percent), followed by Oakland (49 percent), San Diego (40 percent) and Los Angeles (38 percent).

The apical six cities were each unsurprisingly successful California, the authorities with the largest colonisation and highest median location prices. 

In fact, California's location prices person reached specified astronomical figures that residents are fleeing the Golden State in hunt of cheaper properties - alternatively opting for states similar Florida, Texas and North Carolina. 

This comes arsenic the California Association of Realtors revealed that the median terms of a single-family location successful California reached $904,210 successful April - which is the highest fig successful the state's history.

The archetypal non-California connected the database for having the astir million-dollar homes is Honolulu.

Located successful the gorgeous and sunny authorities of Hawaii, it's nary astonishment that location prices are truthful precocious - with 38 percent of homes being sold for implicit $1million.

Hawaii is considered the astir costly authorities to unrecorded in, due to the fact that connected apical of costly lodging - determination are besides precocious inferior costs and the request to import goods and services from the main land.  

Another California metropolis comes successful next: Oxnard (35 percent), followed by Salt Lake City (33 percent), Seattle (33 percent), New York (29 percent), Bridgeport (26 percent), Boston (22 percent), Nassau County (16 percent) and Miami (14 percent). 

Data from Zillow shows that America has a grounds fig of 'million-dollar cities' - wherever the mean location terms present exceeds six figures, caller information shows.

In full 550 US cities person an mean spot terms of $1 cardinal oregon above, up by 59 from this clip past year.

The information from spot portal Zillow lays bare however red-hot America's existent property scenery remains aft years of accordant growth.

California unsocial counts 210 'million-dollar cities' - the highest of immoderate US authorities and an summation of 12 from past year. 

It was followed by New York, New Jersey and Florida which number 66, 49 and 32 respectively.  

The maturation of luxury existent property has mostly outstripped the wide lodging market, Zillow's probe shows.

While emblematic US location values person grown 4.2 percent compared to past year, those successful 'million-dollar cities' had seen an mean year-on-year summation of 4.6 percent.