Dream Homes: Most Expensive and Affordable Markets

The most expensive and most affordable housing markets in America
The most expensive and most affordable housing markets in America

What will your dream house cost? That depends entirely on where you buy it. According to a new report that looked exclusively at four-bedroom two-bath listings, the most expensive market is Newport Beach, Calif. while the most affordable is Detroit.

But does affordability alone always equate desirability?

Coldwell Banker released on Wednesday its first Home Listing Report, which surveyed 18,000 four-bedroom, two-bathroom homes from nearly 300 markets. The results show a $1.7 million divide between America's most expensive and most affordable markets for what many buyers would consider "dream homes." The average home listing price in Newport Beach was $1.8 million, while Detroit homes ran an average $68,000. The national average was approximately $353,000.