The 25 most expensive housing markets in America

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25. Winchester, Massachusetts

25. Winchester, Massachusetts

Average listing price: $1.05 million

Winchester is an affluent suburb located just eight miles north of Boston. It's popular with professionals who make the daily commute to the city.

This four-bedroom home, typical for what you might find in Winchester, has a two-car garage, two fireplaces, and 2,254 square feet of space.

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24. Westport, Connecticut

24. Westport, Connecticut

Average listing price: $1.06 million

Westport, on the Long Island Sound, has a reputation for its excellent school system and is known for its proximity to New York City. Its average listing price has risen from $923,422 in 2014.

This historic four-bedroom home was built in 1900 and has 1,918 square feet of space.

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23. Mercer Island, Washington

23. Mercer Island, Washington

Average listing price: $1.06 million

Mercer Island is located on Lake Washington near Seattle, and is connected to the mainland via two bridges. Notable residents include Microsoft cofounder Paul Allen and former NBA great Bill Russell.

This four-bedroom home sits on a quiet cul-de-sac and has 2,570 square feet of space.

22. Medina, Minnesota

22. Medina, Minnesota

Average listing price: $1.07 million

Medina is a small town of about 5,000 people near Lake Minnetonka.

This four-bedroom home in Medina has more than 5,000 square feet of space, including a 1,000-square-foot sport court and a pool.

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21. Sherman Oaks, California

21. Sherman Oaks, California

Average listing price: $1.09 million

Sherman Oaks is an affluent city of more than 50,000 people in the San Fernando Valley outside of Los Angeles.

This typical four-bedroom home has 1,868 square feet of space laid out over one level.

20. Wellesley, Massachusetts

20. Wellesley, Massachusetts

Average listing price: $1.09 million

The historic town of Wellesley is home to both Wellesley College and Babson College. It has a highly educated population, as well as excellent schools.

This four-bedroom home in Wellesley has a three-car garage and 5,167 square feet of space.

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19. Moraga, California

19. Moraga, California

Average listing price: $1.09 million

The affluent town of Moraga is in the San Francisco Bay Area and is often considered to be one of America's most dog-friendly towns. It was the nation's 8th most expensive housing market in 2014, according to Coldwell Banker.

This recently sold four-bedroom home is typical for Moraga, with extensive gardens and 2,484 square feet of space.

18. Cambridge, Massachusetts

18. Cambridge, Massachusetts

Average listing price: $1.1 million

Located directly across the Charles River from Boston, Cambridge is home to both Harvard and MIT. The median household income is about $65,000.

This four-bedroom townhouse was built in 1873 but was extensively renovated in 2005.

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17. Honolulu, Hawaii

17. Honolulu, Hawaii

Average listing price: $1.13 million

Honolulu is the capital of Hawaii and has a population of about 400,000.

This four-bedroom home has both city and ocean views. Built in 1948, it has 1,680 square feet of space.

16. Campbell, California

16. Campbell, California

Average listing price: $1.14 million

Campbell is in the heart of Silicon Valley, not far from Apple's global headquarters. It has a population of about 41,000, and the median household income is $86,283, according to Coldwell Banker.

This four-bedroom home has three full baths and a two-car garage.

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15. Danville, California

15. Danville, California

Average listing price: $1.15 million

Danville is a town in Contra Costa County, located about 30 miles east of San Francisco.

This four-bedroom home has a two-car garage, two fireplaces, and 2,729 square feet of space.

14. Greenwich, Connecticut

14. Greenwich, Connecticut

Average listing price: $1.29 million

Affluent Greenwich, also on the Long Island Sound, is one of the wealthiest towns in America. Residents include Paul Tudor Jones, Ray Dalio, and Sandy Weill. It is the most expensive housing market in Connecticut.

This four-bedroom home was built in 1928 in the smaller Greenwich neighborhood of Cos Cob.

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13. Pasadena / South Pasadena, California

13. Pasadena / South Pasadena, California

Average listing price: $1.32 million

Pasadena is a city of 140,000 to the northeast of Los Angeles. It has a median household income of $71,306.

This four-bedroom home was built in 1931 in the English Tudor style. It has high ceilings, a two-car garage, and 1,927 square feet of space.

12. Santa Barbara, California

12. Santa Barbara, California

Average listing price: $1.33 million

Santa Barbara lies between the Santa Ynez Mountains and the Pacific Ocean, earning it the nickname of the "American Riviera." It was the 11th most expensive housing market in 2014.

This four-bedroom home is listed for $1.175 million, but it "needs updating," according to the listing. It was built in 1970 and has 1,868 square feet of space.

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11. San Francisco, California

11. San Francisco, California

Average listing price: $1.36 million

Thanks to the booming tech industry and a tight housing inventory, San Francisco has become one of America's most expensive places to live. It was the 6th most expensive housing market in 2014.

This recently sold four-bedroom home has a large living room, a backyard, and 2,916 square feet of space.

10. Redwood City, California

10. Redwood City, California

Average listing price: $1.36 million

Redwood City sits between San Francisco and San Jose. It is home to technology giants like Oracle and Electronic Arts and was the 4th most expensive housing market in 2014.

This four-bedroom home is situated over one story, but, according to the listing, its yard measures more than 8,000 square feet.

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9. Orono, Minnesota

9. Orono, Minnesota

Average listing price: $1.38 million

Orono is a rural town on the northern shores of Lake Minnetonka. It has a population of about 8,000 and a median household income of $68,423.

This four-bedroom home has a swimming pool and 90 feet of land fronting the lake.

8. Sunnyvale, California

8. Sunnyvale, California

Average listing price: $1.45 million

Sunnyvale is a major Silicon Valley hub. Several major tech companies, including Juniper Networks, Fortinet, and Yahoo, are headquartered there.

This four-bedroom home was built in 1959 by noted Bay Area architect Joseph Eichler. It has bamboo floors, high ceilings, and 1,660 square feet of space.

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7. San Mateo, California

7. San Mateo, California

Average listing price: $1.46 million

San Mateo is in the heart of Silicon Valley, and is a popular bedroom community thanks to its proximity to both San Jose and San Francisco. It was the 9th most expensive housing market in 2014.

This recently sold four-bedroom home was built in 1966, but it has a recently updated kitchen and sits on an 8,200-square-foot lot.

6. Arcadia, California

6. Arcadia, California

Average listing price: $1.54 million

Arcadia is a diverse community of about 58,000 to the northeast of Los Angeles. It has a median household income of $80,830, according to Coldwell Banker.

This four-bedroom home was built in 1953 but was recently remodeled, and it has 2,105 square feet of space.

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5. Los Gatos, California

5. Los Gatos, California

Average listing price: $1.57 million

Los Gatos, also in the San Francisco Bay Area, is home to Netflix and several other big names in tech. It has a median household income of more than $130,000.

This four-bedroom home has views of the surrounding mountains and Redwood trees, plus a hot tub and 3,000 square feet of space.

4. Cupertino, California

4. Cupertino, California

Average listing price: $1.66 million

Cupertino is in the heart of Silicon Valley and is home to Apple's global headquarters. According to Coldwell Banker, the median household income is $127,419.

This four-bedroom home was built in 1948 and is currently listed for $1.79 million. It has 2,190 square feet of space.

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3. Saratoga, California

3. Saratoga, California

Average listing price: $1.98 million

Saratoga, on the western edge of Silicon Valley, is known for its wineries and boutique shopping. It was the 3rd most expensive housing market in 2014 and 2013.

This four-bedroom home was built in 1975 and has 1,908 square feet of space.

2. Palo Alto, California

2. Palo Alto, California

Average listing price: $2.06 million

Palo Alto is home to Stanford University and many wealthy tech executives, including Mark Zuckerberg and Marissa Mayer.

This four-bedroom home was built in 1957 and is currently listed for $2.25 million. It has 1,771 square feet of space.

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1. Newport Beach, California

1. Newport Beach, California

Average listing price: $2.29 million

Newport Beach is a beachside town of 87,000 in Orange County. It consistently ranks among the wealthiest communities in America.

This four-bedroom home sits on the shores of Newport Harbor and includes a sandy beach and accommodations for two large boats.