In today’s real estate market, luxury doesn’t always mean million-dollar price tags, at least not everywhere. According to a recent Redfin report, the number of major metros where you can buy a luxury home for under $1 million has shrunk dramatically, falling from 30 in 2020 to just seven in 2025. But here’s the good news for discerning buyers: Howard Hanna Real Estate Services has a strong presence in five of those seven markets.
From Detroit to Cincinnati, Pittsburgh, Cleveland and Indianapolis, Howard Hanna is strategically positioned to serve buyers who want upscale finishes, historic charm and vibrant neighborhoods. But without the sky-high prices you’d find in San Francisco or New York. Through Hanna Luxury, Howard Hanna offers elevated services for high-end listings to help buyers get the home of their dreams.
Hanna Luxury is Howard Hanna’s exclusive program designed to market and sell listings priced at $750,000 and above, offering elevated branding, premium marketing tools, and global exposure. Through affiliations with Luxury Portfolio International® and Leading Real Estate Companies of the World®, Howard Hanna elevates its service.
It’s no coincidence that five of the seven most affordable luxury markets are cities where Howard Hanna operates. Detroit leads the list with a median luxury price of $753,851 and is followed closely by Cleveland at $757,046. In Pittsburgh, buyers can find upscale homes for a median of $846,715, while Indianapolis places fourth at at $914,276. Cincinnati places sixth on the list with luxury homes at around $931,145.
These metros have seen significant growth over the past decade but remain a fraction of the cost compared to the national luxury median of over $1.3 million. With Howard Hanna’s local expertise and luxury infrastructure in place, buyers in these markets can access top-tier properties without crossing the million-dollar threshold. This creates a rare opportunity in today’s housing landscape.
Whether it’s a historic brick estate in Pittsburgh or a modern showpiece in Indianapolis, Hanna Luxury ensures each listing receives white-glove treatment and is positioned to attract discerning buyers both locally and internationally. If you’re ready to find the luxury home of your dreams, reach out to your local Howard Hanna agent to make them a reality today.
About Howard Hanna: The Hanna Family of Companies proudly provide real estate, title, insurance and mortgage services to clients across 13 states. As the largest family-owned and -operated real estate brokerage in the United States, this full-service real estate company has more than 500 offices and 15,000 sales associates and staff, including many of the industry’s top-producing real estate, title, mortgage and insurance agents. The Hanna Success System provides Howard Hanna agents with 53% more business than agents at the top 1000 brokerages nationally. For more information, visit www.HowardHanna.com.
For more information CLICK here to read the Redfin New article.
