million-dollar cities

A new Zillow analysis shows the U.S., as of February 2024, has 550 “million-dollar” cities (cities where the typical home is valued at $1 million or more)—59 more than last February’s total of 491.

The number of U.S. cities where the typical home value is $1M or more was 522 in July 2022. In January 2023, six months after that peak, the number was 464. California alone has 190 million-dollar cities, down from 210 last July.