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Here’s How Much House $1M Buys You Across the US

GREATER BOSTON, MASSACHUSETTS, JUL 18 – Median single-family home price rose 4.5% year-over-year to $1,003,250, with 1,292 homes sold in June, a 19.6% increase from May, Greater Boston Association of REALTORS reported.

  • Last Thursday, Greater Boston region median single-family home prices reached $1,003,250, surpassing the $1 million milestone, according to the Greater Boston Association of REALTORS.
  • During the pandemic period, Mark Triglione noted that rate hikes drove prices up, while supply constraints since the 2008 financial crisis persisted, with interest rates roughly doubling and construction costs soaring.
  • Greater Boston Association of REALTORS data shows 1,292 homes sold in June, rising by 19.6% from last month and 5.8% year-over-year, according to GBAR data.
  • Affordable housing advocate Jesse Kanson-Benanav warned, `the $1 million milestone is one that anyone really wants to reach`, highlighting need for affordability measures.
  • Following the new inspection law, Massachusetts’ new home inspection law takes effect on October 15, and Triglione said it could influence the market.
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Here’s how much house $1M buys you across the US

Redfin Real Estate reports a record number of million-dollar homes across the U.S., with prices varying significantly by city and market conditions.

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WBUR broke the news in Boston, United States on Thursday, July 17, 2025.
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