Special Report

Cities with the Most Expensive Homes in America

MMADIA / iStock via Getty Images

Buying a home in America has never been more expensive. In May 2022, the median home listing price hit a record high of $447,000, according to Realtor.com. This is an increase of 17.6% from one year earlier. 

While buying a new house can be expensive everywhere, home values tend to be higher in major metro areas. Some of the most populous places in the country have much higher median list prices – including some in which most homes are listed for over $1,000,000.

To determine the 25 cities with the most expensive homes, 24/7 Wall St. reviewed data from Realtor.com’s Monthly Housing Trends Report. In the report, Realtor.com ranked the 50 largest metropolitan areas in the U.S. based on the median home listing price in May 2022.

Home prices have continued to increase nationwide, even as demand has cooled down slightly in the wake of higher prices and mortgage rates. Demand for homes is still high coming off the heels of the COVID-19 pandemic, but such high list prices may be dissuading some potential buyers from entering the market, while higher interest rates are pushing some buyers out of the market.

Many of the places with the most expensive homes are also among the largest metro areas in the country. These population centers offer access to high-paying jobs, good schools, and entertainment and dining options, making them attractive places to live and driving up home costs. These are America’s best cities to live.

Click here to see the cities with the most expensive homes in America

Source: Kruck20 / iStock via Getty Images

25. Atlanta-Sandy Springs-Roswell, GA
> Median list price, May 2022: $428,000
> Increase in median list price, May 2021-May 2022: +9.8% (18th lowest out of 50)
> Median days on market: 29 (20th most out of 50)
> Population: 5,947,008

[in-text-ad]

Source: Kruck20 / iStock via Getty Images

24. Charlotte-Concord-Gastonia, NC-SC
> Median list price, May 2022: $435,000
> Increase in median list price, May 2021-May 2022: +11.5% (23rd lowest out of 50)
> Median days on market: 23 (16th fewest out of 50)
> Population: 2,595,027

Source: SeanPavonePhoto / iStock via Getty Images

23. Tampa-St Petersburg-Clearwater, FL
> Median list price, May 2022: $437,000
> Increase in median list price, May 2021-May 2022: +30.6% (4th highest out of 50)
> Median days on market: 27 (24th most out of 50)
> Population: 3,152,928

Source: SeanPavonePhoto / iStock via Getty Images

22. Jacksonville, FL
> Median list price, May 2022: $439,000
> Increase in median list price, May 2021-May 2022: +26.2% (6th highest out of 50)
> Median days on market: 30 (15th most out of 50)
> Population: 1,533,796

[in-text-ad-2]

Source: SeanPavonePhoto / iStock via Getty Images

21. Orlando-Kissimmee-Sanford, FL
> Median list price, May 2022: $450,000
> Increase in median list price, May 2021-May 2022: +32.4% (3rd highest out of 50)
> Median days on market: 29 (20th most out of 50)
> Population: 2,560,260

Source: SeanPavonePhoto / iStock via Getty Images

20. Providence-Warwick, RI-MA
> Median list price, May 2022: $467,000
> Increase in median list price, May 2021-May 2022: +16.9% (16th highest out of 50)
> Median days on market: 22 (13th fewest out of 50)
> Population: 1,621,099

[in-text-ad]

Source: TrongNguyen / iStock via Getty Images

19. Dallas-Fort Worth-Arlington, TX
> Median list price, May 2022: $473,000
> Increase in median list price, May 2021-May 2022: +24.5% (10th highest out of 50)
> Median days on market: 23 (16th fewest out of 50)
> Population: 7,451,858

Source: Kruck20 / iStock via Getty Images

18. Raleigh, NC
> Median list price, May 2022: $494,000
> Increase in median list price, May 2021-May 2022: +21.2% (13th highest out of 50)
> Median days on market: 9 (the fewest out of 50)
> Population: 1,362,997

Source: f11photo / iStock via Getty Images

17. Las Vegas-Henderson-Paradise, NV
> Median list price, May 2022: $500,000
> Increase in median list price, May 2021-May 2022: +28.2% (5th highest out of 50)
> Median days on market: 22 (13th fewest out of 50)
> Population: 2,228,866

[in-text-ad-2]

Source: 4kodiak / E+ via Getty Images

16. Phoenix-Mesa-Scottsdale, AZ
> Median list price, May 2022: $550,000
> Increase in median list price, May 2021-May 2022: +22.2% (12th highest out of 50)
> Median days on market: 23 (16th fewest out of 50)
> Population: 4,860,338

Source: Kruck20 / iStock via Getty Images

15. Nashville-Davidson-Murfreesboro-Franklin, TN
> Median list price, May 2022: $550,000
> Increase in median list price, May 2021-May 2022: +32.5% (2nd highest out of 50)
> Median days on market: 14 (4th fewest out of 50)
> Population: 1,904,186

[in-text-ad]

Source: SeanPavonePhoto / iStock via Getty Images

14. Washington-Arlington-Alexandria, DC-VA-MD-WV
> Median list price, May 2022: $588,000
> Increase in median list price, May 2021-May 2022: +15.3% (21st highest out of 50)
> Median days on market: 27 (24th most out of 50)
> Population: 6,250,309

Source: Sean Pavone / iStock via Getty Images

13. Portland-Vancouver-Hillsboro, OR-WA
> Median list price, May 2022: $598,000
> Increase in median list price, May 2021-May 2022: +8.7% (17th lowest out of 50)
> Median days on market: 26 (24th fewest out of 50)
> Population: 2,472,774

Source: MattGush / iStock via Getty Images

12. Riverside-San Bernardino-Ontario, CA
> Median list price, May 2022: $599,000
> Increase in median list price, May 2021-May 2022: +14.2% (24th highest out of 50)
> Median days on market: 27 (24th most out of 50)
> Population: 4,600,396

[in-text-ad-2]

Source: Art Wager / E+ via Getty Images

11. Miami-Fort Lauderdale-West Palm Beach, FL
> Median list price, May 2022: $627,000
> Increase in median list price, May 2021-May 2022: +45.9% (the highest out of 50)
> Median days on market: 37 (5th most out of 50)
> Population: 6,129,858

Source: RoschetzkyIstockPhoto / iStock via Getty Images

10. Austin-Round Rock, TX
> Median list price, May 2022: $627,000
> Increase in median list price, May 2021-May 2022: +25.6% (8th highest out of 50)
> Median days on market: 16 (6th fewest out of 50)
> Population: 2,173,804

[in-text-ad]

Source: JasonDoiy / iStock via Getty Images

9. Sacramento-Roseville-Arden-Arcade, CA
> Median list price, May 2022: $649,000
> Increase in median list price, May 2021-May 2022: +11.0% (22nd lowest out of 50)
> Median days on market: 23 (16th fewest out of 50)
> Population: 2,338,866

Source: milehightraveler / iStock via Getty Images

8. Denver-Aurora-Lakewood, CO
> Median list price, May 2022: $695,000
> Increase in median list price, May 2021-May 2022: +16.0% (18th highest out of 50)
> Median days on market: 10 (2nd fewest out of 50)
> Population: 2,928,437

Source: TomasSereda / iStock via Getty Images

7. New York-Newark-Jersey City, NY-NJ-PA
> Median list price, May 2022: $720,000
> Increase in median list price, May 2021-May 2022: +10.9% (20th lowest out of 50)
> Median days on market: 43 (the most out of 50)
> Population: 19,261,570

[in-text-ad-2]

Source: DenisTangneyJr / iStock via Getty Images

6. Boston-Cambridge-Newton, MA-NH
> Median list price, May 2022: $772,000
> Increase in median list price, May 2021-May 2022: +10.3% (19th lowest out of 50)
> Median days on market: 16 (6th fewest out of 50)
> Population: 4,854,808

Source: aiisha5 / iStock via Getty Images

5. Seattle-Tacoma-Bellevue, WA
> Median list price, May 2022: $834,000
> Increase in median list price, May 2021-May 2022: +22.6% (11th highest out of 50)
> Median days on market: 17 (8th fewest out of 50)
> Population: 3,928,498

[in-text-ad]

Source: f11photo / iStock via Getty Images

4. San Diego-Carlsbad, CA
> Median list price, May 2022: $926,000
> Increase in median list price, May 2021-May 2022: +15.9% (19th highest out of 50)
> Median days on market: 21 (12th fewest out of 50)
> Population: 3,323,970

Source: Ron and Patty Thomas / E+ via Getty Images

3. Los Angeles-Long Beach-Anaheim, CA
> Median list price, May 2022: $972,000
> Increase in median list price, May 2021-May 2022: +1.4% (9th lowest out of 50)
> Median days on market: 25 (23rd fewest out of 50)
> Population: 13,211,027

Source: bluejayphoto / iStock via Getty Images

2. San Francisco-Oakland-Hayward, CA
> Median list price, May 2022: $1,129,000
> Increase in median list price, May 2021-May 2022: +3.8% (13th lowest out of 50)
> Median days on market: 23 (16th fewest out of 50)
> Population: 4,709,220

[in-text-ad-2]

Source: GerardoBrucker / iStock via Getty Images

1. San Jose-Sunnyvale-Santa Clara, CA
> Median list price, May 2022: $1,494,000
> Increase in median list price, May 2021-May 2022: +15.1% (22nd highest out of 50)
> Median days on market: 17 (8th fewest out of 50)
> Population: 1,985,926

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.