To decide millionaire status do you take into account how much money you have or money plus home value?

A millionaire is someone who has assets totaling one million dollars or more.

It would include the value of all investments, such as IRA’s, present value of auto, house, and cash savings

Total assets less liabilities. You may want to put a note in the accounts about contingent assets and liabilities.

Given that you are pondering whether or not to include the value of your home in the calculation I’m trying to not get too excited.

How muchya got?

@doyendroll adds an important ingredient, liabilities.
The home might be worth a million bucks but have a $700,000 mortgage on it… net asset on the balance sheet 300,000.

In that case the equity is an asset, because the note-holder owns the rest of the worth of the house.