Existing Home Sales in the United States increased to 4100 Thousand in October from 4050 Thousand in September of 2025. This dataset provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Single Family Home Prices in the United States increased to 415200 USD in October from 412300 USD in September of 2025. This dataset provides - United States Existing Single Family Home Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

View monthly updates and historical trends for US Existing Home Sales. from United States. Source: National Association of Realtors. Track economic data w…

New Home Sales in the United States increased to 800 Thousand units in August from 664 Thousand units in July of 2025. This dataset provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Mean Existing Home Price: Northeast data was reported at 320,400.000 USD in Sep 2018. This records a decrease from the previous number of 336,300.000 USD for Aug 2018. United States Mean Existing Home Price: Northeast data is updated monthly, averaging 281,900.000 USD from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 339,000.000 USD in Jul 2018 and a record low of 168,700.000 USD in Jan 1999. United States Mean Existing Home Price: Northeast data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

Graph and download economic data for Median Sales Price of Existing Homes (HOSMEDUSM052N) from Sep 2024 to Sep 2025 about sales, median, housing, and USA.

The U.S. housing market continues to evolve, with the median price for existing homes forecast to fall to ******* U.S. dollars by 2027. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately ****** U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding ****** U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with a modest price increase of *** percent in 2024. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in 2025, with Rhode Island and West Virginia leading the packby home appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

United States Mean Existing Home Price: Midwest data was reported at 248,800.000 USD in Jun 2018. This records an increase from the previous number of 237,500.000 USD for May 2018. United States Mean Existing Home Price: Midwest data is updated monthly, averaging 183,100.000 USD from Jan 1999 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 248,800.000 USD in Jun 2018 and a record low of 133,100.000 USD in Feb 1999. United States Mean Existing Home Price: Midwest data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

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.

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.

United States Median Existing Home Price: Northeast data was reported at 280,900.000 USD in Oct 2018. This records a decrease from the previous number of 286,200.000 USD for Sep 2018. United States Median Existing Home Price: Northeast data is updated monthly, averaging 244,950.000 USD from Jan 1999 (Median) to Oct 2018, with 238 observations. The data reached an all-time high of 308,900.000 USD in Jul 2018 and a record low of 137,000.000 USD in Jan 2000. United States Median Existing Home Price: Northeast data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s United States – Table US.EB005: Existing Home Sales.

United States Median Existing Home Price: Condos: Northeast data was reported at 300,800.000 USD in Jun 2018. This records an increase from the previous number of 286,600.000 USD for May 2018. United States Median Existing Home Price: Condos: Northeast data is updated monthly, averaging 238,050.000 USD from Jan 1999 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 300,800.000 USD in Jun 2018 and a record low of 95,000.000 USD in Oct 2000. United States Median Existing Home Price: Condos: Northeast data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

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.

Discover the latest trends and insights into the booming US residential real estate market. Our comprehensive analysis reveals a steady CAGR of 2.04%, key drivers, market segmentation, and leading players. Learn about growth projections through 2033 and understand the opportunities and challenges shaping this dynamic sector. Recent developments include: May 2022: Resource REIT Inc. completed the sale of all of its outstanding shares of common stock to Blackstone Real Estate Income Trust Inc. for USD 14.75 per share in an all-cash deal valued at USD 3.7 billion, including the assumption of the REIT's debt., February 2022: The largest owner of commercial real estate in the world and private equity company Blackstone is growing its portfolio of residential rentals and commercial properties in the United States. The company revealed that it would shell out about USD 6 billion to buy Preferred Apartment Communities, an Atlanta-based real estate investment trust that owns 44 multifamily communities and roughly 12,000 homes in the Southeast, mostly in Atlanta, Nashville, Charlotte, North Carolina, and the Florida cities of Jacksonville, Orlando, and Tampa.. Notable trends are: Existing Home Sales Witnessing Strong Growth.

United States Median Existing Home Price: Condos: Midwest data was reported at 191,100.000 USD in Jun 2018. This records an increase from the previous number of 181,900.000 USD for May 2018. United States Median Existing Home Price: Condos: Midwest data is updated monthly, averaging 156,050.000 USD from Jan 1999 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 202,700.000 USD in Aug 2007 and a record low of 104,900.000 USD in Feb 1999. United States Median Existing Home Price: Condos: Midwest data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

House prices grew year-on-year in most states in the U.S. in the first quarter of 2025. Hawaii was the only exception, with a decline of **** percent. The annual appreciation for single-family housing in the U.S. was **** percent, while in Rhode Island—the state where homes appreciated the most—the increase was ******percent. How have home prices developed in recent years? House price growth in the U.S. has been going strong for years. In 2025, the median sales price of a single-family home exceeded ******* U.S. dollars, up from ******* U.S. dollars five years ago. One of the factors driving house prices was the cost of credit. The record-low federal funds effective rate allowed mortgage lenders to set mortgage interest rates as low as *** percent. With interest rates on the rise, home buying has also slowed, causing fluctuations in house prices. Why are house prices growing? Many markets in the U.S. are overheated because supply has not been able to keep up with demand. How many homes enter the housing market depends on the construction output, whereas the availability of existing homes for purchase depends on many other factors, such as the willingness of owners to sell. Furthermore, growing investor appetite in the housing sector means that prospective homebuyers have some extra competition to worry about. In certain metros, for example, the share of homes bought by investors exceeded ** percent in 2025.

The median sales price of the existing privately owned single-family homes in the United States increased slightly in 2024. The most expensive homes were found in San Jose-Sunnyvale-Santa Clara, CA, where the median sales price was *** million U.S. dollars. Hawaii and Delaware experienced the strongest home appreciation.

United States Mean Existing Home Price: Single Family: West data was reported at 426,500.000 USD in Jun 2018. This records an increase from the previous number of 413,400.000 USD for May 2018. United States Mean Existing Home Price: Single Family: West data is updated monthly, averaging 264,000.000 USD from Jan 1989 (Median) to Jun 2018, with 354 observations. The data reached an all-time high of 426,500.000 USD in Jun 2018 and a record low of 146,800.000 USD in Aug 1990. United States Mean Existing Home Price: Single Family: West data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

In October 2024, the median sales price of an existing single-family home in San Mateo, California was *********** 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 ******* U.S. dollars.