A typical $1 million listing in the Midwest has four bedrooms and 3,534 square feet, offering significantly more space than the same budget in high-cost regions.
$1 million is much more of a luxury level in the Midwest than in other regions, reflecting a better affordability at lower price points overall.
New construction makes up nearly 30% of the million-dollar market in the Midwest, providing larger homes and more bedrooms for homebuyers.
The cities in the Midwest are generally more sprawling, allowing for bigger homes on larger lots at lower prices compared to the Northeast.
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