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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
Rising housing prices have been a topic of discussion in the United States for quite some time. One of the plights of being an American seems to be the difficulty of buying a home, but is it just ...
1987. Average home cost: $104,500. Adjusted for inflation: $277,169. Home prices jumped 13.6% this year due to inflation.
In January 2020, the median home price was $290,499 – nearly 45% lower than the median home price in May 2023. [7] For households earning 30% of the county's median income, most counties in the United States do not have rental housing considered affordable to at least half that income segment (one-third of 30% of median). [8]
That has resulted in a 47% increase in median home prices to $420,000 in the first quarter of 2024. The current median price reflects a 20% price increase in the last year.
A graph showing the "Median and Average Sales Prices of New Homes Sold in United States". It shows the annual data from 1963 through 2016. It should be noted that the sales price includes the land.
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