Heres what $1M gets you in the Midwest, South, East and West Coastsand the differences will surprise you

House hunters with $1 million to spend can expect to afford vastly different properties depending on where they look—and the Midwest offers by far the biggest bang for their buck.Here is a look at what a low-seven-figure budget would get you in the Midwest, the Northeast, the South, and the West.The breakdown factors in both existing homes and new construction.The breakdown in determining what a bigger budget buys in these areas factors both existing homes and new construction.Unsurprisingly, the big takeaway is that markets with lower costs of living offer more space–and even some touches of luxury–than those with high costs of living for the same price.A typical $1 million listing in the Midwest—a region that encompasses 12 states in the north central part of the U.S.—has four bedrooms, is 3,534 square feet, and sits on a half-acre lot, says Realtor.com senior economist Joel Berner.The median price per square foot in the region is just under $280, which is almost 65% less than in the Northeast.

In other words, you can buy a 3,400-square-foot home in Detroit for the same price that would get you a much more modest 2,150-square-foot property in Westchester County, NY.“Affordability at lower price points is much better in the Midwest than in other regions, so $1 million is much more of a luxury level there than in the others,” Berner explains.Homebuyers looking to put their own stamp on their dream home by purchasing new construction are also better off house-shopping in the Midwest, where new builds make up nearly 30% of the million-dollar market segment, according to Berner.And those homes boast the largest square footage and the most bedrooms in the U.S.“The cities in the Midwest are generally more sprawling than in the Northeast especially, so there’s more land to build bigger homes on for lower prices,” the economist adds.List price: $999,000Square footage: 3,400Bedrooms: 4Bathrooms: 4.5Reasons to buy: This new-construction home feat...