Average House Prices in the United States decreased to 501000 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.

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 Real Residential Property Prices for United States (QUSR628BIS) from Q1 1970 to Q1 2025 about residential, HPI, housing, real, price index, indexes, price, 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.

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

Residential Property Prices in the United States increased 2.50 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for the United States Residential Property Prices.

This statistic shows the average property price in the United States in 2011, by property type. Damaged REOs cost an average of ******* U.S. dollars in the U.S. that year. The abbreviation REO stands for real estate owned properties.

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.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting 168 U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded 500,000 U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly 12 percent year-on-year, and in 2022, the increase was even higher, at close to 17 percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

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.

Graph and download economic data for New Houses Sold by Sales Price in the United States, Between $600,000 and $699,999 (NHSUSSP60T69Q) from Q1 2020 to Q2 2025 about new, sales, housing, price, and USA.

The average price per square foot of floor space in new single-family houses in North-east, United States increased from 2000 to 2021. In 2021, the average price for a new single-family house in that region was approximately *** U.S. dollars per square foot of floor space.

Median Sales Price of Houses Sold for the United States was 416900.00000 $ in January of 2025, according to the United States Federal Reserve. Historically, Median Sales Price of Houses Sold for the United States reached a record high of 442600.00000 in October of 2022 and a record low of 17800.00000 in January of 1963. Trading Economics provides the current actual value, an historical data chart and related indicators for Median Sales Price of Houses Sold for the United States - last updated from the United States Federal Reserve on August of 2025.

The median purchase prices of residential property by Indian buyers in the United States generally increased between 2010 and 2024. In 2024, Indian buyers paid a median price of ******* U.S. dollars for American properties. In the same year, Indian buyers purchased over ***** houses with a total value of *** billion U.S. dollars.

The purchase-only house price index for the U.S. Mountain region 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 595.2 index points. This was higher than the national average.

Graph and download economic data for Commercial Real Estate Prices for United States (COMREPUSQ159N) from Q1 2005 to Q3 2024 about real estate, commercial, rate, and USA.

Graph and download economic data for Median Sales Price of Houses Sold for the West Census Region (MSPW) from Q1 1963 to Q2 2025 about West Census Region, sales, median, housing, and USA.

The median house price in *****, Atherton, California, was about *** million U.S. dollars. This made it the most expensive zip code in the United States in 2023. ***** Sagaponack, N.Y., was the runner-up with a median house price of about *** million U.S. dollars. Of the ** most expensive zip codes in the United States in 2026, six were in California.

Total Housing Inventory in the United States decreased to 1530 Thousands in June from 1540 Thousands in May of 2025. This dataset includes a chart with historical data for the United States Total Housing Inventory.

Housing Starts in the United States increased to 1321 Thousand units in June from 1263 Thousand units in May of 2025. This dataset provides the latest reported value for - United States Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.