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Chicago ranks 28th priciest luxury market in the U.S.

by Timothy Inklebarger

Chicago ranks 28th priciest luxury market in the U.S.

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

But stark differences exist between luxury markets across the country, prompting MyAffordableLuxury.com to analyze the top 10% of the listings starting at $500,000 on Zillow and Redfin to determine the starting point for a luxury property.

Chicago was ranked as the 28th priciest luxury market, with high-end properties starting at $1 million. The median price for a home in Atlanta was $359,000, and the most expensive listing on the market was $45 million.

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