There are now 550 'million-dollar' cities in the U.S. compared to 491 last year. California is home to nearly half of them, according to a new Zillow analysis
The number of US cities where the typical home value was $1M or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Coastal states have been most severely impacted
The number of so-called 'million-dollar cities' surged 17% year over year, leading to the greatest net gain in such cities in at least a decade, according to a new Zillow study
Only 3 new cities were added to Zillow’s million-dollar cities list this year, signaling a market slowdown