What $500,000 Buys Now: Redfin Snapshots From San Diego, Denver and Los Angeles
A decade of price gains has squeezed starter inventory, slowing the market.
Overview
- Redfin searched listings near the $500,000 mark to show real, current options, with Stacker distributing the city-by-city snapshots through local outlets.
- In San Diego, roughly $500,000 typically corresponds to small condos or modest homes, with several 1–3 bedroom units clustered around that price point.
- Across the Denver area, the same budget often buys larger suburban properties, including multiple 3–5 bedroom single-family homes with more square footage.
- In greater Los Angeles, $500,000 spans a wide range, from larger houses in outlying cities such as Lancaster to compact condos or studios in pricier central neighborhoods.
- Redfin frames the contrast against 2014, when the typical U.S. home sold for about $159,000 versus roughly $440,000 today, with starter homes nearing $300,000 and affordability deteriorating.