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Apparently this means that the top house of the bottom 1/3rd is now $1m in 242 cities.

Technically, "the top house of the bottom 1/3rd is at least $1m"

The title of the article is not helpful.

Even "In 242 cities[1], 2/3 of homes are more than $1M" is better.

[1]where "city" is ambiguous