The U.S. housing market continues to evolve, with the median price for existing homes forecast to fall to ******* U.S. dollars by 2027. 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 a modest price increase of *** percent in 2024. 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 2025, with Rhode Island and West Virginia leading the packby home 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.

Key information about House Prices Growth

• US house prices grew 3.3% YoY in Sep 2025, following an increase of 4.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Sep 2025, with an average growth rate of -12.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

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

The U.S. housing market has slowed, after ** consecutive years of rising home prices. In 2021, house prices surged by an unprecedented ** percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by *** percent. That was lower than the long-term average of *** percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of **** percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over ******* U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

House Price Index YoY in the United States decreased to 1.70 percent in September from 2.40 percent in August 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 Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q2 2025 about sales, median, housing, and USA.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

Housing Index in the United States decreased to 435.40 points in September from 435.60 points in August of 2025. This dataset provides the latest reported value for - United States House Price Index MoM Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

View monthly updates and historical trends for US House Price Index YoY. from United States. Source: Federal Housing Finance Agency. Track economic data w…

Single Family Home Prices in the United States increased to 415200 USD in October from 412300 USD in September of 2025. This dataset provides - United States Existing Single Family Home Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q3 2025 about appraisers, HPI, housing, price index, indexes, price, and USA.

Key information about House Prices Growth

• Netherlands house prices grew 11.5% YoY in Jan 2025, following an increase of 10.9% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1996 to Jan 2025, with an average growth rate of 4.7%.
• House price data reached an all-time high of 20.9% in Jan 2022 and a record low of -9.6% in Jan 2013.

CEIC calculates House Prices Growth from monthly House Price Index. 2.Statistics Netherlands provides House Price Index with base 2020=100.

View monthly updates and historical trends for US Existing Home Median Sales Price. from United States. Source: National Association of Realtors. Track ec…

House Price Index YoY in Ireland increased to 7.60 percent in September from 7.50 percent in August of 2025. This dataset includes a chart with historical data for Ireland Residential Property Prices YoY.

Graph and download economic data for All-Transactions House Price Index for Los Angeles County, CA (ATNHPIUS06037A) from 1975 to 2024 about Los Angeles County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.

Key information about House Prices Growth

• Slovenia house prices grew 7.9% YoY in Sep 2024, following an increase of 6.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2008 to Sep 2024, with an average growth rate of 4.8%.
• House price data reached an all-time high of 17.0% in Mar 2022 and a record low of -12.6% in Sep 2009.

CEIC calculates House Prices Growth from quarterly House Price Index. The Statistical Office of the Republic of Slovenia provides House Price Index with base Same Quarter Previous Year=100. House Prices Growth covers all secondary market transactions with dwellings and family houses using the Real Estate Market Register.

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.

Key information about House Prices Growth

• Japan house prices grew 3.4% YoY in Aug 2025, following an increase of 4.7% YoY in the previous month.
• YoY growth data is updated monthly, available from Apr 2009 to Aug 2025, with an average growth rate of 1.3%.
• 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.

Housing Index in Sweden increased to 959 points in the third quarter of 2025 from 945 points in the second quarter of 2025. This dataset provides - Sweden House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.