If you're house-hunting with a modest budget of $1 million, we regret to inform you that a luxury home may soon be out of reach in Columbus.
Stat du jour: Our metro area's luxury home price crossed over the $1 million threshold for the first time in May and now sits at $1,017,342, according to new Redfin data.
"Luxury homes" are those estimated to be in the top 5% of the local market.
Yes, but: That's still a bargain compared to most other places in the U.S., where demand and prices for luxury homes are booming.
The national median price is $1,374,470 and many California mansions are well over $5 million.
👀 The other side: You always consider relocating to Cleveland.
