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.

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.

In October 2024, the median sales price of an existing single-family home in Del Norte, California saw an increase of nearly 30 percent, compared to the 5.8 percent increase in the state. 20 counties saw prices fall during this period. In Trinity, the median sales price of single-family homes decreased by approximately 36 percent.

The US residential real estate market, a cornerstone of the American economy, is projected to experience steady growth over the next decade. While the provided CAGR of 2.04% is a modest figure, it reflects a market maturing after a period of significant expansion. This sustained growth is driven by several key factors. Firstly, population growth and urbanization continue to fuel demand for housing, particularly in densely populated areas and emerging suburban markets. Secondly, low interest rates (historically, though this can fluctuate) have made mortgages more accessible, stimulating buyer activity. Thirdly, a robust construction sector, though facing challenges in material costs and labor shortages, is gradually increasing the housing supply, mitigating some of the upward pressure on prices. However, challenges remain. Rising inflation and potential interest rate hikes pose a risk to affordability, potentially dampening demand. Furthermore, the ongoing evolution of remote work is reshaping residential preferences, with a shift toward larger homes in suburban or exurban locations. This trend impacts the relative demand for various property types, potentially increasing the appeal of landed houses and villas compared to apartments and condominiums in certain regions. The segmentation of the market into apartments/condominiums and landed houses/villas provides crucial insights into consumer preferences and investment strategies. High-density urban areas will continue to see strong demand for apartments and condos, while suburban and rural areas are likely to experience a greater increase in landed property sales. Major players like Simon Property Group, Mill Creek Residential, and others are strategically adapting to these trends, focusing on both development and management across various property types and geographic locations. Analyzing regional data within the US (e.g., comparing growth in the Northeast versus the Southwest) will highlight market nuances and potential investment opportunities. While the global data provided is valuable for understanding broader market forces, focusing the analysis on the US market allows for a more granular understanding of the specific drivers, trends, and challenges within this significant segment of the real estate sector. The forecast period (2025-2033) suggests continued, albeit measured, expansion. Recent developments include: May 2022: Resource REIT Inc. completed the sale of all of its outstanding shares of common stock to Blackstone Real Estate Income Trust Inc. for USD 14.75 per share in an all-cash deal valued at USD 3.7 billion, including the assumption of the REIT's debt., February 2022: The largest owner of commercial real estate in the world and private equity company Blackstone is growing its portfolio of residential rentals and commercial properties in the United States. The company revealed that it would shell out about USD 6 billion to buy Preferred Apartment Communities, an Atlanta-based real estate investment trust that owns 44 multifamily communities and roughly 12,000 homes in the Southeast, mostly in Atlanta, Nashville, Charlotte, North Carolina, and the Florida cities of Jacksonville, Orlando, and Tampa.. Key drivers for this market are: Investment Plan Towards Urban Rail Development. Potential restraints include: Italy’s Fragmented Approach to Tenders. Notable trends are: Existing Home Sales Witnessing Strong Growth.

The U.S. housing market has seen significant price growth since 2011, with the median sales price of existing single-family homes reaching a record high of ******* U.S. dollars in 2024. This represents a substantial increase of ******* over the past five years, highlighting the rapid appreciation of home values across the country. The trend of rising prices can also be observed in the new homes sold. Regional variations and housing shortage While the national median price provides a broad overview, regional differences in home prices are notable. The West remains the most expensive region, with prices twice higher than in the more affordable Midwest. This disparity persists despite efforts to increase housing supply. In 2024, approximately ******* building permits for single-family housing units were granted, showing a slight increase from previous years but still well below the 2005 peak of **** million permits. The ongoing housing shortage continues to drive prices upward across all regions. Market dynamics and future outlook The number of existing home sales has plummeted since 2020, reflecting the growing cost of homeownership. Factors such as high home prices, unfavorable economic conditions, and aggressive increases in mortgage rates have contributed to affordability challenges for many potential homebuyers. Despite these challenges, forecasts suggest a potential recovery in the housing market by 2025, though transaction volumes are expected to remain below long-term averages.

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.

Graph and download economic data for Existing Home Sales (EXHOSLUSM495S) from Jun 2024 to Jun 2025 about headline figure, sales, housing, and USA.

Graph and download economic data for Housing Inventory: Median Days on Market in the United States (MEDDAYONMARUS) from Jul 2016 to Jun 2025 about median and USA.

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.

Average House Prices in the United States decreased to 401800 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.

Home Sales in Canada increased to 38684 units in June from 37646 units in May of 2025. This dataset includes a chart with historical data for Canada Home Sales.

New Home Sales in Ireland increased to 911 Units in May from 840 Units in April of 2025. This dataset provides - Ireland New Home Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The online residential home sale listings industry is experiencing significant changes in its dynamics because of the increased number of homes for sale. The growth in listings is because of various factors, including a climb in the number of homeowners choosing to sell, the easing of the mortgage rate lock-in effect, and economic concerns driving the sale of investment properties. These conditions and the shift from a seller's market towards a more balanced, or even a buyer's market, translate into increased traffic and engagement on home sale platforms. This presents an opportunity for these online platforms to enhance their user experience, refine search tools and offer data analytics to help buyers navigate the increased options. By the end of 2025, industry revenue has climbed at a CAGR of 3.0% and is expected to total $2.2 billion in 2025. In 2025, revenue is expected to strengthen by an estimated 4.2%. Despite enjoying growth, the industry faces challenges with the elevated mortgage rates reducing demand for home purchases, leading to a market freeze. Despite the gain in home listings, actual transaction volumes have remained subdued, creating a challenging environment for the online residential home sale listing platforms. To stay competitive, these platforms are pivoting to offer enhanced tools for price comparisons, real-time mortgage calculators and in-depth educational content to help buyers understand the increased cost of borrowing and also navigate the high inventory but low turnover market. Industry profit has climbed as revenue has outpaced wage growth through the end of 2025. Through the end of 2030, online platforms must position themselves for demographic shifts and changing consumer preferences. Gen Z and younger millennials, who are entering homebuying age, are demanding a more tech-driven, seamless and mobile-first experience. The industry will also continue to see online platforms transform into comprehensive, one-stop digital destinations offering integrated services for every stage of the housing journey. Embracing changes such as artificial intelligence and data analytics to enhance user experience, streamlining listings uploads and offering real-time communication between buyers, sellers, and agents will be crucial for future success. Platforms that offer user-friendly, one-stop experiences and are equipped to provide advanced, feature-rich mobile experiences are set to capture greater market share. Overall, industry revenue will gain at a CAGR of 3.3% through 2030 to total $2.6 billion.

Graph and download economic data for Median Sales Price of Existing Homes (HOSMEDUSM052N) from May 2024 to May 2025 about sales, median, housing, and USA.

The number of new homes sold increased in 2024, but remained below the levels observed during the 2020-2021 housing boom. Conventional loans are the most popular financing option, accounting for 513,000 of the 686,000 home purchases in 2024. Despite comprising a small share of sales, cash purchases have risen notably over the past five years. This can be explained by the dramatic increase in mortgage interest rates, which makes cash purchases more attractive for those who can afford them. Development of house prices The U.S. housing market is suffering a supply shortage, which has contributed to a substantial increase in house prices. Over the past five years, construction costs risen notably, pushing the price of newly built homes up. Meanwhile, income growth has failed to keep up, resulting in a worsening housing affordability. According to the house price to income index, home prices outgrew income by nearly 32 percent between 2015 and 2024. Is the U.S. housing stock growing? There were approximately 187 million housing units in the U.S. in 2024, indicating an increase of one percent over the previous year. Apart from new-single family housing, the number of newly built multifamily units has also risen notably. Multifamily allows construction in denser urban areas with overheated housing markets, earning it increasing popularity among investors.

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Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

What will be the Size of the Real Estate Market During the Forecast Period?

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The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region holds the largest share of The market, dr

Manufactured Homes and Mobile Homes Sales Market Outlook

The global manufactured homes and mobile homes sales market size was valued at approximately $27.5 billion in 2023 and is projected to reach around $42.8 billion by 2032, registering a CAGR of 5.1% during the forecast period. The growth in this market is primarily driven by increasing demand for affordable housing solutions, advancements in manufacturing technologies, and the rising trend of downsizing and minimalistic living among the population.

One significant growth factor for the manufactured homes and mobile homes sales market is the affordability compared to traditional housing. With real estate prices soaring in urban areas, many individuals and families are turning to manufactured and mobile homes as a cost-effective housing option. These homes provide the necessary amenities at a fraction of the cost of conventional homes, thereby attracting a large segment of budget-conscious buyers. Additionally, the financial benefits extend beyond the initial purchase, with lower maintenance costs and property taxes, which further appeal to cost-savvy consumers.

Another growth driver is the advancement in construction and manufacturing technologies. Modern manufactured and mobile homes are designed using state-of-the-art building methods and materials that enhance durability, energy efficiency, and overall living comfort. These technological innovations have significantly improved the quality perception of manufactured homes, making them a viable alternative to traditional housing. The incorporation of smart home technologies and sustainable building practices also aligns with the growing consumer preference for eco-friendly and connected living environments.

Moreover, the changing demographics and lifestyle preferences are contributing to the market growth. The increasing trend of minimalistic and mobile living among millennials and retirees is fostering the demand for manufactured and mobile homes. This segment of the population values flexibility, mobility, and low-maintenance living, all of which are offered by manufactured homes. The adaptability of these homes to various locations and the ease of relocation also cater to the needs of a more transient and adventurous lifestyle.

The market for Prefabricated Home Sales is witnessing a notable surge as consumers increasingly seek out efficient and sustainable housing solutions. Prefabricated homes, often synonymous with manufactured and mobile homes, offer a streamlined construction process that reduces waste and minimizes environmental impact. This method of construction not only supports eco-friendly initiatives but also significantly cuts down on building time, allowing homeowners to move into their new residences more quickly. As the demand for sustainable living grows, prefabricated homes are becoming a popular choice among environmentally conscious buyers who value both efficiency and quality in their housing options.

From a regional perspective, North America holds a significant share of the market due to the high acceptance and established infrastructure for manufactured and mobile homes. The United States, in particular, has a long history and a substantial market for these types of dwellings, supported by favorable regulations and financing options. The Asia Pacific region is also expected to witness substantial growth, driven by rapid urbanization, population growth, and increasing disposable incomes in countries like China and India. These regions are recognizing the potential of manufactured homes as a solution to their housing shortages and urban sprawl issues.

Product Type Analysis

The product type segment of the manufactured homes and mobile homes sales market is categorized into Single-Wide Homes, Double-Wide Homes, and Triple-Wide Homes. Single-Wide Homes are the most economical and compact option, typically featuring a narrow floor plan that can be easily transported. This segment is particularly popular among first-time buyers and individuals looking for a minimalistic lifestyle. Single-Wide Homes often appeal to young professionals and small families due to their affordability and efficient use of space.

Double-Wide Homes offer more living space and are designed to be assembled on-site from two sections. This type o

Key information about House Prices Growth

• China house prices dropped 4.1% YoY in Dec 2024, following a decrease of 4.8% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 1999 to Dec 2024, with an average growth rate of 7.4%.
• House price data reached an all-time high of 25.0% in Feb 2010 and a record low of -12.6% in Apr 1999.

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

The United States Residential Real Estate Market is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), and by Region (Northeast, Midwest, Southeast, West and Southwest). The Market Forecasts are Provided in Terms of Value (USD)