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 408,000 U.S. dollars in 2024. This represents a substantial increase of 133,000 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 982,000 building permits for single-family housing units were granted, showing a slight increase from previous years but still well below the 2005 peak of 1.68 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.
The median house price in 94027, Atherton, California, was about 8.3 million U.S. dollars. This made it the most expensive zip code in the United States in 2023. 11962 Sagaponack, N.Y., was the runner-up with a median house price of about 8.1 million U.S. dollars. Of the 10 most expensive zip codes in the United States in 2026, six were in California.
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Graph and download economic data for Housing Inventory: Median Listing Price in Los Angeles-Long Beach-Anaheim, CA (CBSA) (MEDLISPRI31080) from Jul 2016 to Feb 2025 about Los Angeles, CA, listing, median, price, and USA.
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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.
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Graph and download economic data for Median Sales Price for New Houses Sold in the United States (MSPNHSUSA) from 1963 to 2024 about new, sales, median, housing, price, and USA.
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Median Home Sale Price: All Residential: Connersville, IN data was reported at 179.000 USD th in Jul 2020. This records an increase from the previous number of 112.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Connersville, IN data is updated monthly, averaging 66.000 USD th from Feb 2012 (Median) to Jul 2020, with 95 observations. The data reached an all-time high of 26,500.000 USD th in Jul 2014 and a record low of 10.000 USD th in Sep 2015. Median Home Sale Price: All Residential: Connersville, IN 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.
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Graph and download economic data for Housing Inventory: Median Listing Price Year-Over-Year in California (MEDLISPRIYYCA) from Jul 2017 to Feb 2025 about CA, listing, median, price, and USA.
In 2023, the median single-family home price in the state of Florida was 410,000 U.S. dollars, up from 145,000 U.S. dollars in 2012. Despite this consistent growth in home prices, the volume of single-family homes sold in the state stagnated between 2015 and 2018.
The median home sales price is the middle value of the prices for which homes are sold (both market and private transactions) within a calendar year. The median value is used as opposed to the average so that both extremely high and extremely low prices do not distort the prices for which homes are sold. This measure does not take into account the assessed value of a property.Source: First American Real Estate Solutions (FARES) and RBIntel Years Available: 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2022
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.
In October 2024, the median sales price of an existing single-family home in San Mateo, California was two million U.S. dollars. This was more than double the median sales price in the state of California. The most affordable county was Trinity, where an existing single family home sold for approximately 205,000 U.S. dollars.
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This dataset provides values for AVERAGE HOUSE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
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Key information about House Prices Growth
House prices in the San Antonio-New Braunfels metropolitan area have doubled since 2011. In 2023, the median house price reached approximately 312,000 U.S. dollars, down by 2.5 percent from 2022. This was below the average house price for Texas.
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Graph and download economic data for Housing Inventory: Median Listing Price Year-Over-Year in Los Angeles County, CA (MEDLISPRIYY6037) from Jul 2017 to Dec 2024 about Los Angeles County, CA; Los Angeles; CA; listing; median; price; and USA.
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Graph and download economic data for Housing Inventory: Median Listing Price in Minnesota (MEDLISPRIMN) from Jul 2016 to Feb 2025 about MN, listing, median, price, and USA.
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Key information about House Prices Growth
House prices in the Austin-Round Rock metropolitan area have increased more than two-fold since 2011. In 2023, the median house price reached 450,000 U.S. dollars, down by about 10.4 percent from 2022. This was substantially higher than the average house price in Texas.
As compared to the previous year, the median price for home sales in Manhattan, New York decreased in the first quarter of 2023. In that quarter, the home price reached the median of 3.85 million U.S. dollars, down from 4.7 million U.S. dollars the year before. In other New York boroughs, such as Brooklyn, and Queens, and Bronx, the median home prices followed the opposite trend.
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Median price paid for new residential property in England and Wales, by property type and administrative geographies. Quarterly rolling annual data. Formerly HPSSA dataset 10.
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 408,000 U.S. dollars in 2024. This represents a substantial increase of 133,000 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 982,000 building permits for single-family housing units were granted, showing a slight increase from previous years but still well below the 2005 peak of 1.68 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.