Average House Prices in the United States decreased to 501000 USD in June from 522200 USD in May of 2025. This dataset includes a chart with historical data for the United States New Home Average Sales Price.

Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q2 2025 about sales, housing, and USA.

The median sales price of new homes sold in the United States increased steadily from 1965 to 2023. In 2023, a newly built home cost approximately ******* U.S. dollars. That was a decline of nearly ****** U.S. dollars and the first decrease since 2018. Prices varied greatly across different regions in the country, with the most expensive housing found in the Northeast region.

Graph and download economic data for All-Transactions House Price Index for California (CASTHPI) from Q1 1975 to Q1 2025 about appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q1 2025 about appraisers, HPI, housing, price index, indexes, price, and USA.

House Price Index: FHFA: Minnesota data was reported at 386.800 Mar1980=100 in Mar 2018. This records an increase from the previous number of 382.720 Mar1980=100 for Dec 2017. House Price Index: FHFA: Minnesota data is updated quarterly, averaging 177.110 Mar1980=100 from Mar 1975 (Median) to Mar 2018, with 173 observations. The data reached an all-time high of 386.800 Mar1980=100 in Mar 2018 and a record low of 54.790 Mar1980=100 in Mar 1975. House Price Index: FHFA: Minnesota data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s USA – Table US.EB014: House Price Index.

Graph and download economic data for All-Transactions House Price Index for Texas (TXSTHPI) from Q1 1975 to Q1 2025 about appraisers, HPI, TX, housing, price index, indexes, price, and USA.

Following a period of stagnation over most of the 2010s, the number of owner occupied housing units in the United States started to grow in 2017. In 2023, there were over 86 million owner-occupied homes. Owner-occupied housing is where the person who owns a property – either outright or through a mortgage – also resides in the property. Excluded are therefore rental properties, employer-provided housing and social housing. Homeownership sentiment in the U.S. Though homeownership is still a cornerstone of the American dream, an increasing share of people see themselves as lifelong renters. Millennials have been notoriously late to enter the housing market, with one in four reporting that they would probably continue to always rent in the future, a 2022 survey found. In 2017, just five years before that, this share stood at about 13 percent. How many renter households are there? Renter households are roughly half as few as owner-occupied households in the U.S. In 2023, the number of renter occupied housing units amounted to almost 45 million. Climbing on the property ladder for renters is not always easy, as it requires prospective homebuyers to save up for a down payment and qualify for a mortgage. In many metros, the median household income is insufficient to qualify for the median-priced home.

United States House Price Index: FHFA: Mississippi data was reported at 269.840 Mar1980=100 in Mar 2018. This records an increase from the previous number of 264.570 Mar1980=100 for Dec 2017. United States House Price Index: FHFA: Mississippi data is updated quarterly, averaging 158.080 Mar1980=100 from Mar 1975 (Median) to Mar 2018, with 173 observations. The data reached an all-time high of 269.840 Mar1980=100 in Mar 2018 and a record low of 71.080 Mar1980=100 in Jun 1975. United States House Price Index: FHFA: Mississippi data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s USA – Table US.EB014: House Price Index.

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

Graph and download economic data for All-Transactions House Price Index for New York (NYSTHPI) from Q1 1975 to Q1 2025 about appraisers, NY, HPI, housing, price index, indexes, price, and USA.

In 2024, there were approximately **** million housing units occupied by renters in the United States. This number has been gradually increasing since 2010 as part of a long-term upward swing since 1975. Meanwhile, the number of unoccupied rental housing units has followed a downward trend, suggesting a growing demand and supply failing to catch up. Why are rental homes in such high demand? This high demand for rental homes is related to the shortage of affordable housing. Climbing the property ladder for renters is not always easy, as it requires prospective homebuyers to save up for a down payment and qualify for a mortgage. In many metros, the median household income is insufficient to qualify for the median-priced home. How many owner occupied homes are there in the U.S.? In 2023, there were over ** million owner occupied homes. Owner occupied housing is when the person who owns a property – either outright or through a mortgage – also resides in the property. Excluded are therefore rental properties, employer-provided housing and social housing.

Graph and download economic data for All-Transactions House Price Index for Orange County, CA (ATNHPIUS06059A) from 1975 to 2024 about Orange County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.

The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January 1975.

Graph and download economic data for All-Transactions House Price Index for San Diego-Chula Vista-Carlsbad, CA (MSA) (ATNHPIUS41740Q) from Q4 1975 to Q1 2025 about San Diego, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Michigan (MISTHPI) from Q1 1975 to Q1 2025 about MI, appraisers, HPI, housing, price index, indexes, price, and USA.

United States New Houses Sold: Average Sales Price: West data was reported at 482.700 USD th in Jun 2018. This records an increase from the previous number of 456.800 USD th for Mar 2018. United States New Houses Sold: Average Sales Price: West data is updated quarterly, averaging 190.100 USD th from Mar 1975 (Median) to Jun 2018, with 174 observations. The data reached an all-time high of 486.800 USD th in Dec 2017 and a record low of 42.300 USD th in Mar 1975. United States New Houses Sold: Average Sales Price: West data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB003: New Houses Sold: By Region and Price.

Graph and download economic data for All-Transactions House Price Index for Illinois (ILSTHPI) from Q1 1975 to Q1 2025 about IL, appraisers, HPI, housing, price index, indexes, price, and USA.

United States New Houses Sold: Average Sales Price: South data was reported at 318.600 USD th in Jun 2018. This records a decrease from the previous number of 329.900 USD th for Mar 2018. United States New Houses Sold: Average Sales Price: South data is updated quarterly, averaging 145.100 USD th from Mar 1975 (Median) to Jun 2018, with 174 observations. The data reached an all-time high of 340.400 USD th in Dec 2017 and a record low of 38.000 USD th in Mar 1975. United States New Houses Sold: Average Sales Price: South data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB003: New Houses Sold: By Region and Price.

Graph and download economic data for All-Transactions House Price Index for Florida (FLSTHPI) from Q1 1975 to Q1 2025 about appraisers, FL, HPI, housing, price index, indexes, price, and USA.