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.