While the real estate market has cooled off in recent months, 2022 will still be one of the best years on record for luxury home sales. From January 1 through late October, about 4,000 homes priced at $1 million and up have sold in the Chicago metro area*. That’s down about 3 percent vs. the same period in 2021, but it’s more than 35 percent higher than the full-year total for 2020.

The entry point to that market – $1 million, give or take – is incredibly diverse in Chicagoland. For example, $1 million will buy you a renovated, historic-single-family home in Wrigleyville, a newer five-bedroom home in Arlington Heights, or a well-appointed three-bedroom condo in River North. But what does it buy around the country? Through Christie’s International Real Estate, our global luxury network with Affiliates across the United States and around the world, we took a look at what you can get for $1 million beyond the Windy City.

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In a blockbuster year for the upper-end housing market in Chicagoland, Crain’s Chicago Business reports there have been a record-setting 104 homes that have sold for $4 million or more in the first three quarters of 2022. Strong price appreciation over the past 2+ years has motivated sellers to list their homes. Meanwhile, luxury buyers have been undeterred by rising mortgage interest rates, often choosing to pay cash. Christie’s International Real Estate reported on this trend in its 2022 Luxury Trends Report, noting that high inflation and stock market volatility have also prompted affluent buyers to move money into hard assets like real estate.

While inventory remains historically low, luxury buyers from the city to the North Shore to the western suburbs still have plenty of options to take lavish living to the next level. Here is a sampling of what is currently available to upper-bracket buyers.

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