California is home to one of the largest concentrations of million-dollar homes in the U.S., especially in high-demand urban and coastal areas.
Total Million-Dollar Homes in California
- Over 2.1 million homes in California are valued at $1 million or more
- This accounts for nearly 40% of all such homes nationwide
- Growth has slowed slightly due to rising interest rates, but prices remain strong in top markets
Top Counties with Million-Dollar Homes
| County | Estimated Million-Dollar Homes |
|---|---|
| Los Angeles | ~550,000 |
| San Diego | ~320,000 |
| Orange | ~300,000 |
| San Mateo | ~220,000 |
| Santa Clara | ~200,000 |
These five counties alone make up over 60% of California’s high-value housing stock.
What Drives High Home Values?
- Coastal location: Proximity to ocean and scenic views
- Tech and entertainment jobs: High incomes in key sectors
- Limited land supply: Especially in Bay Area and LA
- Luxury development: New million-dollar builds replacing older homes
Market Trends in 2025
- Fewer new listings due to low inventory
- Many owners opting to stay put rather than sell
- High-end market remains resilient despite broader affordability challenges
Conclusion
There are over 2.1 million million-dollar homes in California, making it the top state for ultra-valued real estate. While growth has cooled slightly, top-tier markets in LA, the Bay Area, and coastal regions continue to dominate.
FAQs
Q: How many million-dollar homes are in California?
A: Over 2.1 million, representing nearly 40% of all such homes in the U.S.
Q: Which county has the most?
A: Los Angeles County, with around 550,000 high-value homes.
Q: Is the number growing?
A: Yes, though at a slower pace due to high mortgage rates and limited inventory.
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