A Real Estate portal counted 242 US cities where starter homes now top $1M, compared with 226 in the yearly comparison period.
The $1M-starter-home footprint is >3x its Early-Q1 2020 level, and >half of US states now include at least one such city overall.
Pandemic-era price gains followed limited supply, strong demand beyond urban hubs, low mortgage rates, remote-work moves, and construction delays tied to labor and supply-chain issues.
Buyer conditions are gradually improving: homeowners now break even versus renting after ~6 yr, compared with 8 yr in 2023, useful planning context.
With more inventory, slower price growth, and a narrowing rent-versus-buy gap, financially prepared buyers are generally better positioned than in recent years.
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