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U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
In late 2002, Ford Carr had the 141-acre (0.57 km 2) site placed on eBay with a minimum bid requirement of $1 million. Although he was looking for a $4 million bid, there were no bidders. [29] In 2005, it was reported by Arkansas Business that the property was for sale with an asking price $5 million, but the price was "very negotiable." [59]
Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
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By 1993, there were a few occupied houses on the site, but most of the properties were still for sale. One owner, tired of the many reporters who visited the site, hung a sign saying "Go Home, Idiots". [57] By 2007, there were about 12 houses in the subdivision, with the last lot up for sale by son, Chris Wade Jr., for $25,000.
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