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.

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.

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 981,000 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 167,000 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 nine percent in 2023.

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.

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.

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

The purchase-only house price index for the United States increased between 1991 and 2023. The index, published by the Federal Housing Finance Agency, reflects the changes in prices of houses, which were re-purchased at least twice. The index value amounted to 100 in the first quarter of 1991. In December 2023, the index value was equal to 417.8 index points.

The year-end value of the S&P Case Shiller National Home Price Index amounted to 310.76 in December 2023. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given year, for example, it means that the house prices increased by 30 percent since 2000. S&P/Case Shiller U.S. home indices – additional informationThe S&P Case Shiller National Home Price Index is calculated on a monthly basis and is based on the prices of single-family homes in nine U.S. Census divisions: New England, Middle Atlantic, East North Central, West North Central, South Atlantic, East South Central, West South Central, Mountain and Pacific. The index is the leading indicator of the American housing market and one of the indicators of the state of the broader economy. The index illustrates the trend of home prices and can be helpful during house purchase decisions. When house prices are rising, a house buyer might want to speed up the house purchase decision as the transaction costs can be much higher in the future. The S&P Case Shiller National Home Price Index has been on the rise since 2011.The S&P Case Shiller National Home Price Index is one of the indices included in the S&P/Case-Shiller Home Price Index Series. Other indices are the S&P/Case Shiller 20-City Composite Home Price Index, the S&P/Case Shiller 10-City Composite Home Price Index and twenty city composite indices.

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

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.

Graph and download economic data for All-Transactions House Price Index for Orlando-Kissimmee-Sanford, FL (MSA) (ATNHPIUS36740Q) from Q2 1978 to Q4 2024 about Orlando, appraisers, FL, 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 Q4 2024 about MI, appraisers, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Nassau County, NY (ATNHPIUS36059A) from 1975 to 2023 about Nassau County, NY; New York; NY; HPI; housing; price index; indexes; price; and USA.

United States House Price Index: FHFA: California data was reported at 655.910 Mar1980=100 in Jun 2018. This records an increase from the previous number of 639.250 Mar1980=100 for Mar 2018. United States House Price Index: FHFA: California data is updated quarterly, averaging 227.460 Mar1980=100 from Mar 1975 (Median) to Jun 2018, with 174 observations. The data reached an all-time high of 655.910 Mar1980=100 in Jun 2018 and a record low of 41.630 Mar1980=100 in Mar 1975. United States House Price Index: FHFA: California data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s United States – Table US.EB014: House Price Index.

Graph and download economic data for All-Transactions House Price Index for Dane County, WI (ATNHPIUS55025A) from 1975 to 2024 about Dane County, WI; Madison; WI; HPI; housing; price index; indexes; price; and USA.

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.

All-Transactions House Price Index for North Carolina was 683.56000 Index 1980 Q1=100 in October of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for North Carolina reached a record high of 683.56000 in October of 2024 and a record low of 66.03000 in January of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for North Carolina - last updated from the United States Federal Reserve on March of 2025.

Case Shiller Home Price Index in the United States increased to 332.56 points in January from 332.33 points in December of 2024. This dataset provides the latest reported value for - United States S&P Case-Shiller Home Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States House Price Index: FHFA: Wyoming data was reported at 316.910 Mar1980=100 in Mar 2018. This records an increase from the previous number of 310.720 Mar1980=100 for Dec 2017. United States House Price Index: FHFA: Wyoming data is updated quarterly, averaging 134.930 Mar1980=100 from Mar 1975 (Median) to Mar 2018, with 173 observations. The data reached an all-time high of 316.910 Mar1980=100 in Mar 2018 and a record low of 48.370 Mar1980=100 in Jun 1975. United States House Price Index: FHFA: Wyoming 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 Nassau County-Suffolk County, NY (MSAD) (ATNHPIUS35004Q) from Q3 1975 to Q4 2024 about Nassau, appraisers, NY, HPI, housing, price index, indexes, price, and USA.