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.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

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.

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.

The year-end value of the S&P Case Shiller National Home Price Index amounted to 321.45 in 2024. 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.

In 2024, Chile was the country with the highest increase in house prices since 2010 among the countries under observation. In the fourth quarter of the year, the nominal house price index in Chile exceeded 366 index points. That suggests an increase of 266 percent since 2010, the baseline year when the index value was set to 100. It is important to note that the nominal index does not account for the effects of inflation, meaning that adjusted for inflation, price growth in real terms was slower.

Nahb Housing Market Index in the United States increased to 37 points in October from 32 points in September of 2025. This dataset provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Housing Index in China decreased by 2.20 percent in September from -2.50 percent in August of 2025. This dataset provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, Chile was the country with the highest inflation-adjusted increase in house prices since 2010 among the countries under observation. In the fourth quarter of the year, the real house price index in Chile hit 202.57 index points. This means that, adjusted for inflation, house prices grew by 102.57 percent since 2010, the baseline year when the index value was set to 100. According to the nominal house price index, which does not adjust for the effects of inflation, the price increase was higher.

Graph and download economic data for All-Transactions House Price Index for Texas (TXSTHPI) from Q1 1975 to Q2 2025 about appraisers, TX, HPI, housing, price index, indexes, price, and USA.

Housing Index in the United States decreased to 433.40 points in July from 433.90 points in June 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 All-Transactions House Price Index for California (CASTHPI) from Q1 1975 to Q2 2025 about appraisers, CA, 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 Q2 2025 about MI, appraisers, HPI, housing, price index, indexes, price, and USA.

In 2024, Turkey was the country with the highest increase in house prices since 2010 in Europe. In the fourth quarter of the year, the nominal house price index in Turkey reached 3,300.23 index points. House prices in Turkey have soared since 2021, fueled by hyperinflation in the country. According to the index, which amounted to 100 in 2010, house prices in Turkey increased by almost 3,200 percent (32 times) since 2010, the baseline year when the index value was set to 100. Iceland had the second-highest increase, at 359.15 index points (259 percent). It is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower.

In 2024, Israel was the country with the highest increase in house prices since 2010 among the Middle Eastern and African countries under observation. In the fourth quarter of the year, the house price index in Israel exceeded 229 index points, suggesting an increase of 129 percent since 2010, the baseline year when the index value was set to 100. It is important to note that the nominal index does not account for the effects of inflation, meaning that, adjusted for inflation, price growth in real terms was slower.

Single Family Home Prices in the United States decreased to 422600 USD in August from 425700 USD in July of 2025. This dataset provides - United States Existing Single Family Home Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Israel was the country with the highest inflation-adjusted increase in house prices since 2010 among the Middle Eastern and African countries under observation. In the fourth quarter of the year, the real house price index in Israel exceeded 185 index points, suggesting that, adjusted for inflation, house prices grew 85 percent since 2010, the baseline year when the index value was set to 100. According to the nominal house price index, which does not adjust for the effects of inflation, the price increase was higher.

As of the fourth quarter of 2024, Malaysia was the country with the highest inflation-adjusted increase in house prices since 2010 among the Asia-Pacific (APAC) countries under observation. The real house price index in Malaysia reached nearly 167 index points. This means that, adjusted for inflation, house prices grew 67 percent since 2010, the baseline year when the index value was set to 100. According to the nominal house price index, which does not adjust for the effects of inflation, the price increase was higher.

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