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 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.

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

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in March 2025, prices reached a new peak, with the average home costing ******* British pounds. This 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 ** 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 recent fluctuations in house prices? 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 ** 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 **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

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.

In the United States, Hawaii was the state with the most expensive housing, with the typical value of single-family homes in the 35th to 65th percentile range exceeding ******* U.S. dollars. Unsurprisingly, Hawaii also ranked top as the state with the highest cost of living. Meanwhile, a property was the least expensive in West Virginia, where it cost under ******* U.S. dollars to buy the typical single-family home. Single-family home prices increased across most states in the United States between December 2023 and December 2024, except in Louisiana, Florida, and the District of Colombia. According to the Federal Housing Association, house appreciation in 13 states exceeded **** percent in 2023.

Florianópolis, SC, and Rio de Janeiro, RJ, had the most expensive housing in Brazil in July 2024. The average house price in Florianópolis, the capital of Southern Brazil's Santa Catarina state, cost close to 1.4 million Brazilian reals, whereas in Rio de Janeiro, it was about 1.2 million Brazilian reals. From the 12 cities under observation, João Pessoa had the most affordable housing, with the average house price at 600,000 Brazilian reals. House prices in Brazil have grown year-on-year since 2018.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Dec 2024, following an increase of 5.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Dec 2024, with an average growth rate of 5.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

Single Family Home Prices in the United States increased to 435300 USD in June from 423700 USD in May of 2025. This dataset provides - United States Existing Single Family Home Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico Average House Price: Puebla data was reported at 1,155,664.000 MXN in Mar 2019. This records an increase from the previous number of 940,177.000 MXN for Dec 2018. Mexico Average House Price: Puebla data is updated quarterly, averaging 844,101.000 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 1,155,664.000 MXN in Mar 2019 and a record low of 665,014.000 MXN in Dec 2014. Mexico Average House Price: Puebla data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Licensed under: Creative Commons Attribution 4.0

Median price paid for residential property in England and Wales, by property type and administrative geographies. Annual data.

Peru Average House Price: Lima Metropolitan data was reported at 391,668.000 USD in 2023. This records an increase from the previous number of 20,810.118 USD for 2022. Peru Average House Price: Lima Metropolitan data is updated yearly, averaging 167,674.500 USD from Jun 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 857,542.857 USD in 2021 and a record low of 20,810.118 USD in 2022. Peru Average House Price: Lima Metropolitan data remains active status in CEIC and is reported by National Institute of Statistics and Informatics. The data is categorized under Global Database’s Peru – Table PE.EB001: House Price.

The U.S. housing market continues to evolve, with the median home price forecast to reach ******* U.S. dollars by the second quarter of 2026. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices, but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately ****** U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding ****** U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with more modest price increases of *** percent in 2022 and *** percent in 2023. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in the fourth quarter of 2023, with Rhode Island and Vermont leading the pack at over ** percent appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

House Price Index YoY in the United States decreased to 2.80 percent in May from 3.20 percent in April of 2025. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

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.

Average House Prices in Norway decreased to 4943130 NOK in June from 5112498 NOK in May of 2025. This dataset includes a chart with historical data for Norway Average House Prices.

House prices in the second most populous state in the United States, Texas have doubled since 2011. In 2023, the average house price reached ***** U.S. dollars per square foot, up from approximately *** U.S. dollars in 2020. Despite the increase, the median home price was still below the national average.

Graph and download economic data for Real Residential Property Prices for United States (QUSR628BIS) from Q1 1970 to Q1 2025 about residential, HPI, housing, real, price index, indexes, price, and USA.