Considering moving to Raleigh, NC? Here is what $1 Million Can Get You in Raleigh, NC vs Los Angeles, CA
If you’re considering a move to Raleigh, NC, you might be surprised to learn what your money can buy in this Southern city. While $1 million can certainly buy you a luxury home in many areas, the value you’ll get for your money can vary greatly depending on where you go. In this article, we’ll compare the real estate markets in Raleigh, NC and Los Angeles, CA, and show you what a $1 million budget can get you in each city.
Raleigh, NC: A Thriving City with a Growing Real Estate Market
Raleigh is the capital of North Carolina and the second-largest city in the state. The city has a thriving economy and a growing population, which has driven up demand for housing in recent years. While the median home price in Raleigh is still lower than in many major cities, it has been steadily increasing, and prices are expected to continue to rise in the coming years.
What Can You Get for $1 Million in Raleigh, NC?
In Raleigh, $1 million can buy you a spacious and luxurious home with plenty of amenities. For example, you could purchase a four-bedroom, three-bathroom home with over 3,000 square feet of living space and a large yard. This type of home might feature high-end finishes such as hardwood floors, granite countertops, and stainless steel appliances.
One example of a property in Raleigh that falls within this price range is 2125 Gardenbrook Dr, Raleigh NC 27606.
Located in Raleigh, North Carolina, this 4 bedroom, 3 and a half bathroom home was listed in January 2023 for $1,375,000. The home boasts a living area of 3,925 square feet and features a spacious open-concept living area with a 1ST FLOOR MASTER and GUEST SUITE, a 3 CAR GARAGE, wide plank hardwoods throughout the main living area and large backyard! The gourmet kitchen has custom white cabinets all the way to the ceiling, an oversized furniture style island with quartz, a breakfast bar and designer pendants, Stainless Steel Appliances, butlers pantry with a wine cooler, a walk in pantry with custom trimmed barn door Entry! The master suite features tray ceiling and hardwood floor! The master bathroom features designer tile flooring, separate vanities with Quartz, freestanding tub, zero entry tiled shower with bench seat and frameless glass and a huge walk in closet with stylish built-ins! The family room has a tile surround gas log fireplace with stacked sase cabinets and glass display uppers & quad slider to flagstone patio with vaulted ceiling and a painted brick Fireplace! Huge 2nd Floor Recreational Room with wet bar & exercise room! It also has an unfinished walk-in storage area! The location is great for families, as it’s close to several parks and outdoor recreation areas.
Los Angeles, CA: A High-Priced Market with a Wide Range of Options
Los Angeles is one of the most expensive real estate markets in the country, with a median home price that is well above the national average. Despite the high prices, the city remains a popular destination for those seeking a coastal lifestyle and access to the entertainment industry.
What Can You Get for $1 Million in Los Angeles, CA?
In Los Angeles, $1 million is likely to buy you a modest single-family home or a small condo in a desirable neighborhood. For example, you could purchase a two-bedroom, two-bathroom home with approximately 1,500 square feet of living space. This type of home might feature updated finishes and a small outdoor area, but it will likely be located in a densely populated neighborhood and may not have much of a yard.
One example of a property in Los Angeles that falls within this price range is 5749 Katherine Ave in Sherman Oaks, CA 91401.
This home was listed in January 2023 for $1,399,000. This 4 bedroom, 2 bathroom home built in 1945 offers about 1,816 square feet of living space and features an updated kitchen and bathrooms, a private backyard, and a two car detached garage. The home is located in a quiet residential neighborhood, but it is still within close proximity to the amenities and entertainment of Los Angeles.
The Bottom Line: What You Can Get for Your Money
In conclusion, both Raleigh, NC and Los Angeles, CA offer a range of options for those with a $1 million budget. In Raleigh, you can get a spacious and luxurious home with plenty of amenities, while in Los Angeles, your money will likely buy you a modest home or small condo in a densely populated neighborhood. Ultimately, the choice between these two cities will come down to your personal preferences and lifestyle needs.
If you’re looking for a more spacious home with a large yard and plenty of amenities, Raleigh, NC might be the better choice for you. With a growing economy and a thriving real estate market, Raleigh is an attractive option for those looking to purchase a luxury home at a more affordable price point compared to other major cities.
On the other hand, if you’re interested in living in a densely populated area with access to the entertainment and cultural attractions of a major city, Los Angeles, CA might be the right choice for you. Although the median home price in Los Angeles is much higher than in Raleigh, you’ll still have access to a wide range of properties and neighborhoods, each with its own unique charm and character.
Ultimately, both Raleigh, NC and Los Angeles, CA offer unique advantages and disadvantages, and the choice between these two cities will come down to your personal preferences and lifestyle needs. Before making a decision, it’s important to carefully consider all of your options and weigh the pros and cons of each location. Whether you’re looking for a spacious luxury home or a small condo in a bustling city, both Raleigh and Los Angeles have something to offer.
So, if you’re thinking about moving to Raleigh North Carolina or any of the surrounding suburbs, be sure to give me a call, shoot me a text, send me an email, or schedule a Zoom call. I’d love to help you make a smooth move to Raleigh North Carolina!
🤔Thinking of Moving to Raleigh NC? Let us help! 👉https://bit.ly/LivingInRaleighNCCall
📱 Call or Text: (919) 694-1901
📨 Email: The Prosperous Agency
📅 Find a time that works with your schedule and Let’s Zoom: https://bit.ly/ChatwithYoana
Check out the most up-to-date inventory from custom luxury homes for sale to downtown condos in Raleigh North Carolina here:
