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

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

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.

Median Home Sale Price: All Residential: Alexander City, AL data was reported at 170.000 USD th in Jul 2020. This records an increase from the previous number of 114.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Alexander City, AL data is updated monthly, averaging 117.500 USD th from Mar 2012 (Median) to Jul 2020, with 58 observations. The data reached an all-time high of 410.000 USD th in Aug 2012 and a record low of 7.000 USD th in Mar 2014. Median Home Sale Price: All Residential: Alexander City, AL data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

Residential Real Estate Market Outlook

The global residential real estate market size was valued at approximately $9.7 trillion in 2023 and is projected to reach an astounding $15.4 trillion by 2032, growing at a compound annual growth rate (CAGR) of 5.2%. This growth is driven by several factors, including increasing urbanization, rising disposable incomes, and the ongoing global shift towards homeownership as a stable investment. Demographic shifts, such as the growing number of nuclear families and millennials entering the housing market, also contribute significantly to this upward trend.

One of the primary growth factors for the residential real estate market is the increasing urbanization across the globe. As more people migrate to urban areas in search of better job opportunities and a higher standard of living, the demand for residential properties in cities continues to rise. This trend is particularly pronounced in developing countries, where rapid economic growth is accompanied by significant rural-to-urban migration. Additionally, the trend of urban redevelopment and the creation of smart cities are further fueling the demand for modern residential properties.

Another crucial growth factor is the rise in disposable incomes and improved access to financing options. With strong economic growth in many parts of the world, individual incomes have been rising, allowing more people to afford homeownership. Financial institutions are also playing a critical role by offering a variety of mortgage products with attractive interest rates and flexible repayment terms. This increased access to capital has enabled a broader section of the population to invest in residential real estate, thereby expanding the market.

Technological advancements and the digital transformation of the real estate sector are also contributing to market growth. The proliferation of online platforms and real estate technology (proptech) solutions has made the process of buying, selling, and renting properties more efficient and transparent. Virtual tours, online mortgage applications, and blockchain for property transactions are some of the innovations revolutionizing the industry. These technological advancements not only improve the customer experience but also attract tech-savvy millennials and Gen Z buyers.

Regionally, the Asia-Pacific region is experiencing significant growth in the residential real estate market. Countries like China and India, with their large populations and rapid urbanization, are at the forefront of this expansion. Government initiatives aimed at providing affordable housing and improving infrastructure are also playing a pivotal role. In contrast, mature markets like North America and Europe are witnessing steady growth driven by economic stability and continued investment in housing. Meanwhile, regions like Latin America and the Middle East & Africa are also showing promise, albeit at a slower pace, due to varying economic conditions and market maturity levels.

Property Type Analysis

The residential real estate market is segmented by property type, including single-family homes, multi-family homes, condominiums, townhouses, and others. Single-family homes are the most traditional and widespread type of residential property. They are particularly popular in suburban areas where space is more abundant. The demand for single-family homes continues to be driven by the desire for privacy, larger living spaces, and the ability to customize the property. These homes appeal especially to families with children and those looking to invest in a long-term residence.

Multi-family homes, which include duplexes, triplexes, and apartment buildings, are gaining traction, particularly in urban settings. These properties are attractive due to their potential for generating rental income and their ability to house multiple tenants. Investors find multi-family homes appealing as they offer a higher return on investment (ROI) compared to single-family homes. Additionally, the increasing trend of co-living and shared housing arrangements has bolstered the demand for multi-family properties in cities.

Condominiums, or condos, are another significant segment within the residential real estate market. Condos are particularly popular in urban areas where land is scarce and expensive. They offer a balance between affordability and amenities, making them an attractive option for young professionals and small families. Condominiums often come with added benefits such as maintenance services, security, and shared facilities like gyms and swimmin

Avg Housing Price: Free Market: Avila data was reported at 983.100 EUR/sq m in Sep 2018. This records an increase from the previous number of 940.800 EUR/sq m for Jun 2018. Avg Housing Price: Free Market: Avila data is updated quarterly, averaging 1,409.600 EUR/sq m from Mar 2005 (Median) to Sep 2018, with 55 observations. The data reached an all-time high of 1,976.000 EUR/sq m in Dec 2007 and a record low of 823.200 EUR/sq m in Jun 2016. Avg Housing Price: Free Market: Avila data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

Avg Housing Price: Free Market: Lugo data was reported at 918.100 EUR/sq m in Mar 2018. This records an increase from the previous number of 880.600 EUR/sq m for Dec 2017. Avg Housing Price: Free Market: Lugo data is updated quarterly, averaging 1,117.500 EUR/sq m from Mar 2005 (Median) to Mar 2018, with 53 observations. The data reached an all-time high of 1,511.100 EUR/sq m in Sep 2008 and a record low of 839.100 EUR/sq m in Sep 2015. Avg Housing Price: Free Market: Lugo data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

Avg Housing Price: Free Market: Caceres data was reported at 1,002.600 EUR/sq m in Mar 2018. This records a decrease from the previous number of 1,057.900 EUR/sq m for Dec 2017. Avg Housing Price: Free Market: Caceres data is updated quarterly, averaging 1,333.700 EUR/sq m from Mar 2005 (Median) to Mar 2018, with 53 observations. The data reached an all-time high of 1,637.100 EUR/sq m in Jun 2008 and a record low of 1,002.600 EUR/sq m in Mar 2018. Avg Housing Price: Free Market: Caceres data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

Avg Housing Price: Free Market: More than 5 Years Old data was reported at 1,559.400 EUR/sq m in Mar 2018. This records an increase from the previous number of 1,550.700 EUR/sq m for Dec 2017. Avg Housing Price: Free Market: More than 5 Years Old data is updated quarterly, averaging 1,517.500 EUR/sq m from Mar 2010 (Median) to Mar 2018, with 33 observations. The data reached an all-time high of 1,835.500 EUR/sq m in Mar 2010 and a record low of 1,445.100 EUR/sq m in Sep 2014. Avg Housing Price: Free Market: More than 5 Years Old data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

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.

Affordable Housing Market Outlook

According to our latest research, the affordable housing market size reached USD 69.2 billion globally in 2024, driven by rapid urbanization, supportive government policies, and rising demand for cost-effective housing solutions. The market is projected to expand at a robust CAGR of 6.1% from 2025 to 2033, reaching an estimated USD 117.4 billion by the end of the forecast period. The growth is primarily attributed to increasing urban migration, widening income disparities, and a surge in public and private investments aimed at addressing the global housing deficit. As per our latest research, the affordable housing sector is undergoing significant transformation as stakeholders focus on innovative construction methods, sustainable materials, and digital technologies to streamline project delivery and reduce costs.

One of the primary growth drivers for the affordable housing market is the escalating rate of urbanization, particularly in emerging economies. Urban populations are swelling at an unprecedented pace, with millions migrating to cities in search of better employment opportunities and improved living standards. This mass migration has led to a surge in demand for affordable, quality housing, placing immense pressure on urban infrastructure and local governments. Consequently, both public and private sector players are ramping up investments in affordable housing projects, leveraging innovative financing models and partnerships to bridge the housing gap. Furthermore, the emergence of smart city initiatives and sustainable urban planning is fostering the development of integrated, affordable housing solutions that cater to the diverse needs of low- and middle-income populations.

Another significant factor propelling the affordable housing market is the increasing involvement of governments and international organizations in addressing the global housing crisis. Numerous policy interventions, such as subsidies, tax incentives, and relaxed regulatory frameworks, are being introduced to stimulate the supply of affordable homes. Governments are also collaborating with private developers through public-private partnerships (PPPs) to expedite project execution and ensure long-term sustainability. Additionally, multilateral agencies and non-governmental organizations are providing technical and financial assistance to support large-scale affordable housing initiatives, particularly in regions with acute housing shortages. These concerted efforts are not only enhancing access to affordable housing but also fostering socio-economic development and reducing urban poverty.

Technological advancements in construction methods and materials are further accelerating the growth of the affordable housing market. The adoption of modular and prefabricated construction techniques is enabling developers to deliver high-quality housing units at lower costs and within shorter timeframes. These innovative approaches are also contributing to improved energy efficiency, reduced environmental impact, and enhanced structural durability. Moreover, the integration of digital technologies, such as Building Information Modeling (BIM) and project management software, is streamlining the design, planning, and execution of affordable housing projects. As a result, stakeholders are increasingly embracing technology-driven solutions to optimize resource utilization, minimize risks, and ensure compliance with stringent regulatory standards.

From a regional perspective, Asia Pacific continues to dominate the affordable housing market, accounting for the largest share in 2024, followed by North America and Europe. The region's rapid urbanization, burgeoning population, and proactive government policies are driving significant investments in affordable housing infrastructure. Countries such as China, India, and Indonesia are at the forefront, implementing ambitious housing schemes and leveraging innovative construction technologies to address the growing demand. Meanwhile, developed regions like North America and Europe are witnessing renewed interest in affordable housing, fueled by rising property prices, income inequality, and shifting demographic trends. Latin America and the Middle East & Africa are also emerging as promising markets, supported by favorable regulatory environments and increased foreign direct investments.

Median housing prices provided by quarter. Additional information provided if applicable.
Update Frequency: Quarterly
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In late 2016, the URA, in conjunction with Reinvestment Fund, completed the 2016 Market Value Analysis (MVA) for the City of Pittsburgh. The Market Value Analysis (MVA) offers an approach for community revitalization; it recommends applying interventions not only to where there is a need for development but also in places where public investment can stimulate private market activity and capitalize on larger public investment activities. The MVA is a unique tool for characterizing markets because it creates an internally referenced index of a municipality’s residential real estate market. It identifies areas that are the highest demand markets as well as areas of greatest distress, and the various markets types between. The MVA offers insight into the variation in market strength and weakness within and between traditional neighborhood boundaries because it uses Census block groups as the unit of analysis. Where market types abut each other on the map becomes instructive about the potential direction of market change, and ultimately, the appropriateness of types of investment or intervention strategies. Pittsburgh’s 2016 MVA utilized data that helps to define the local real estate market between July, 2013 and June, 2016: • Median Sales Price • Variance of Sales Price • Percent Households Owner Occupied • Density of Residential Housing Units • Percent Rental with Subsidy • Foreclosures as a Percent of Sales • Permits as a Percent of Housing Units • Percent of Housing Units Built Before 1940 • Percent of Properties with Assessed Condition “Poor” or worse • Vacant Housing Units as a Percentage of Habitable Units The MVA uses a statistical technique known as cluster analysis, forming groups of areas (i.e., block groups) that are similar along the MVA descriptors, noted above. The goal is to form groups within which there is a similarity of characteristics within each group, but each group itself different from the others. Using this technique, the MVA condenses vast amounts of data for the universe of all properties to a manageable, meaningful typology of market types that can inform area-appropriate programs and decisions regarding the allocation of resources. During the research process, staff from the URA and Reinvestment Fund spent an extensive amount of effort ensuring the data and analysis was accurate. In addition to testing the data, staff physically examined different areas to verify the data sets being used were appropriate indicators and the resulting MVA categories accurately reflect the market.

The Typology will assist city government, local foundations and non-profits to understand local market strengths and to appropriately match neighborhood strategies to market conditions, for the best use of public and private resources. In addition, the typology will inform neighborhood level planning efforts and provide residents with an understanding of the local housing market conditions in their communities.

VITAL SIGNS INDICATOR Home Prices (EC7)

FULL MEASURE NAME Home Prices

LAST UPDATED August 2019

DESCRIPTION Home prices refer to the cost of purchasing one’s own house or condominium. While a significant share of residents may choose to rent, home prices represent a primary driver of housing affordability in a given region, county or city.

DATA SOURCE Zillow Median Sale Price (1997-2018) http://www.zillow.com/research/data/

Bureau of Labor Statistics: Consumer Price Index All Urban Consumers Data Table (1997-2018; specific to each metro area) http://data.bls.gov

CONTACT INFORMATION vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator) Median housing price estimates for the region, counties, cities, and zip code come from analysis of individual home sales by Zillow. The median sale price is the price separating the higher half of the sales from the lower half. In other words, 50 percent of home sales are below or above the median value. Zillow defines all homes as single-family residential, condominium, and co-operative homes with a county record. Single-family residences are detached, which means the home is an individual structure with its own lot. Condominiums are units that you own in a multi-unit complex, such as an apartment building. Co-operative homes are slightly different from condominiums where the homeowners own shares in the corporation that owns the building, not the actual units themselves.

For metropolitan area comparison values, the Bay Area metro area’s median home sale price is the population-weighted average of the nine counties’ median home prices. Home sales prices are not reliably available for Houston, because Texas is a non-disclosure state. For more information on non-disclosure states, see: http://www.zillow.com/blog/chronicles-of-data-collection-ii-non-disclosure-states-3783/

Inflation-adjusted data are presented to illustrate how home prices have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself.

Housing Index in China decreased by 3.50 percent in May from -4 percent in April 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.

Case Shiller Home Price Index in the United States increased to 341.48 points in April from 338.39 points in March of 2025. 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.

Average House Prices in the United States increased to 522200 USD in May from 511200 USD in April of 2025. This dataset includes a chart with historical data for the United States New Home Average Sales Price.

Statistical data for affordable housing and residential price indexes in Taipei City