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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
To get a sense of how house prices vary by state, we combed through Redfin’s monthly housing market data as of November 2023. State. Price. Alabama. $267,100. Alaska. $350,000. Arizona. $435,300.
According to CNBC, the median sale price for a U.S. home in 2017 was US$199,200. [11] By February 2023, the median sale price increased to US$392,000 according to Statista. [12] The growing U.S. housing shortage is a major factor in home prices increasing so rapidly. [13] [14]
In January 2020, the median home price was $290,499 – nearly 45% lower than the median home price in May 2023. [9] 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). [10]
Prices hit another new all-time high in June, according to the National Association of Realtors (NAR), which reports that median existing-home prices were up 4.1 percent over last year — the ...
The report also showed that median home prices fell last month to $439,950 – down from $445,000 in June. READ ON THE FOX BUSINESS APP Homes in Centreville, Maryland, on April 4, 2023.
The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state). In other words, an income of $0.84 in Mississippi equals an income of $1.19 in Hawaii with the U.S as a whole having an average PCPI of ...
Within Austin's city limits, the median home-sales price was higher, reaching $585,000 last month, up 1.7% from July 2023. Travis County had 1,155 home sales, down nearly 12% year-over-year.