With the average price of a home up 19.6% last year, 146 new "million-dollar cities" were added in 2021 — the most ever in one year.
Highlights
- 146 new million-dollar cities were added in 2021, bringing the total number to a new record of 481.
- California, Massachusetts and New York added the most new cities with average home values above $1 million.
- The median price of a home in the U.S.
- is now $408,100, which is $85,500 more than it was in Jan.
- 2020, according to price information from the St.
- Louis Fed.