Average House Prices in the United States increased to 510000 USD in January from 509700 USD in December of 2024. This dataset includes a chart with historical data for the United States New Home Average Sales Price.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

Single Family Home Prices in the United States increased to 398400 USD in February from 393400 USD in January of 2025. This dataset provides - United States Existing Single Family Home Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 427,400 U.S. dollars. That was a decline of nearly 30,000 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.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Sep 2024, with an average growth rate of 5.5%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

CEIC calculates House Prices Growth from quarterly House Price Index. Federal Housing Finance Agency provides House Price Index with base January 1991=100.

Graph and download economic data for Real Residential Property Prices for United States (QUSR628BIS) from Q1 1970 to Q3 2024 about residential, HPI, housing, real, price index, indexes, price, and USA.

House Price Index YoY in the United States remained unchanged at 4.80 percent in January. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in August 2024, prices reached a new peak, with the average home costing close to 290,000 British pounds. That figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over 50 percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the decline in house prices in 2022? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid 14 percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the 10-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q4 2024 about sales, median, housing, and USA.

Average House Prices in the United Kingdom decreased to 298602 GBP in February from 298815 GBP in January of 2025. This dataset includes a chart with historical data for the United Kingdom Average House Prices.

House prices in the second most populous state in the United States, Texas, have increased more than two-fold since 2011. In 2023, the median house price reached 335,100 U.S. dollars, a decrease of 1.4 percent from the previous year. Texas is one of the more affordable states for buying a home with house prices below the national average.

Average House Prices in Canada decreased to 712400 CAD in February from 718500 CAD in January of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

Median Home Sale Price: All Residential: Bangor, ME data was reported at 164.000 USD th in Jul 2020. This records a decrease from the previous number of 181.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Bangor, ME data is updated monthly, averaging 140.000 USD th from May 2015 (Median) to Jul 2020, with 63 observations. The data reached an all-time high of 181.000 USD th in Jun 2020 and a record low of 106.000 USD th in Feb 2017. Median Home Sale Price: All Residential: Bangor, ME data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

Graph and download economic data for All-Transactions House Price Index for California (CASTHPI) from Q1 1975 to Q4 2024 about appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Median Home Sale Price: All Residential: Bennington, VT data was reported at 255.000 USD th in Jul 2020. This records a decrease from the previous number of 260.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Bennington, VT data is updated monthly, averaging 200.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 308.000 USD th in Mar 2020 and a record low of 143.000 USD th in Sep 2012. Median Home Sale Price: All Residential: Bennington, VT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

Key information about House Prices Growth

• Hungary house prices grew 12.2% YoY in Sep 2024, following an increase of 12.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2008 to Sep 2024, with an average growth rate of 8.3%.
• House price data reached an all-time high of 24.9% in Jun 2022 and a record low of -7.8% in Dec 2009.

CEIC calculates House Prices Growth from quarterly House Price Index. Hungarian Central Statistical Office provides House Price Index with base 2015=100.

Key information about House Prices Growth

• South Korea house prices dropped 0.2% YoY in Jan 2025, following a decrease of 0.2% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1987 to Jan 2025, with an average growth rate of 2.2%.
• House price data reached an all-time high of 21.9% in Aug 1988 and a record low of -13.1% in Nov 1998.

CEIC calculates House Prices Growth from monthly House Price Index. Kookmin Bank provides House Price Index with base January 2022=100.

Key information about House Prices Growth

• Japan house prices grew 4.3% YoY in Nov 2024, following an increase of 2.0% YoY in the previous month.
• YoY growth data is updated monthly, available from Apr 2009 to Nov 2024, with an average growth rate of 1.9%.
• House price data reached an all-time high of 10.2% in Apr 2022 and a record low of -9.4% in Apr 2009.

CEIC calculates House Prices Growth from monthly Residential Property Price Index. The Ministry of Land, Infrastructure, Transport and Tourism provides Residential Property Price Index with base 2010=100.

Key information about House Prices Growth

• Switzerland house prices grew 0.9% YoY in Dec 2024, following an increase of 1.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1971 to Dec 2024, with an average growth rate of 2.4%.
• House price data reached an all-time high of 26.2% in Mar 1973 and a record low of -9.0% in Dec 1975.

CEIC calculates House Prices Growth from quarterly Real Estate Price Index. Swiss National Bank provides Real Estate Price Index with base Q1 2000=100. House Prices Growth covers single family homes only.