Pre-pandemic (2019), the median list price of a home in the United States was $309,061. Since then, the median list price has increased by 39% to $429,342.
Housing Week Memo-Home Prices
Median list prices
This data comes from the Realtor.com residential data library. Unless otherwise noted, all prices are “list prices” and not “sale prices”. Metro areas are based on the U.S. Census Bureau’s Metropolitan Statistical Areas (MSAs) and will sometimes cross state lines. If you need data by state or county, ask me and I can pull that for you.
| Median Listing Price (US) | Average Total Listing Count (US) | |
|---|---|---|
| Year | ||
| 2024 | $429,342 | 1,189,923 |
| 2023 | $426,506 | 1,038,001 |
| 2022 | $417,503 | 1,040,113 |
| 2021 | $367,004 | 1,089,505 |
| 2020 | $331,807 | 1,346,872 |
| 2019 | $309,061 | 1,554,390 |
| 2018 | $291,674 | 1,546,161 |
| 2017 | $270,382 | 1,598,180 |
| 2016 | $254,528 | 1,746,810 |
Source: Realtor.com data library.
Change in real cost of home prices
Top 10 year-over-year percent change
Out of the top-75 largest metro areas, these ones had the most drastic change in prices from 2020 to 2024. Note that they are largely in the South. This coincides with a large internal migration of people to the South from other parts of the country.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change 2020-2024 | |
|---|---|---|---|---|---|---|---|
| metro_area | |||||||
| Knoxville TN | 4.7 | 7.1 | 14.8 | 15.0 | 6.7 | 5.1 | 48.0 |
| Fayetteville-Springdale-Rogers AR | 5.4 | 4.3 | 13.5 | 14.3 | 5.0 | 6.1 | 44.4 |
| Tampa-St. Petersburg-Clearwater FL | 5.2 | 7.2 | 13.4 | 19.8 | 1.5 | 4.0 | 43.4 |
| North Port-Sarasota-Bradenton FL | 2.4 | 4.5 | 12.0 | 24.4 | 2.3 | 0.3 | 43.1 |
| Miami-Fort Lauderdale-Pompano Beach FL | 2.7 | 4.6 | 9.6 | 16.1 | 4.8 | 7.0 | 42.6 |
| Lakeland-Winter Haven FL | 6.6 | 6.7 | 12.8 | 18.3 | 2.1 | 3.4 | 40.9 |
| Charleston-North Charleston SC | 2.9 | 3.8 | 10.6 | 14.4 | 4.7 | 6.3 | 40.8 |
| Cape Coral-Fort Myers FL | 2.0 | 3.0 | 13.6 | 27.5 | 1.2 | -4.0 | 40.7 |
| Charlotte-Concord-Gastonia NC-SC | 5.3 | 6.6 | 11.5 | 14.1 | 2.7 | 4.1 | 36.1 |
| Phoenix-Mesa-Chandler AZ | 4.9 | 8.7 | 16.2 | 17.6 | -7.4 | 5.6 | 33.5 |
Source: Joint Center for Housing Studies tabulations of Freddie Mac House Price Index data.
Bottom 10 year-over-year percent change
Note the depressed home prices in typically expensive places such as San Francisco and Washington, DC. Experts tend to blame post-pandemic changes in work habits combined with the particularly high cost of living in these areas. These are also cities that have lost population in recent years.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change 2020-2024 | |
|---|---|---|---|---|---|---|---|
| metro_area | |||||||
| New Orleans-Metairie LA | 2.3 | 4.3 | 5.4 | 2.7 | -3.4 | -3.6 | 0.8 |
| San Francisco-Oakland-Berkeley CA | -0.0 | 1.5 | 7.8 | 2.6 | -9.4 | 1.7 | 2.0 |
| Baton Rouge LA | 0.3 | 1.5 | 3.5 | 1.7 | -1.3 | -0.8 | 3.0 |
| Urban Honolulu HI | -0.4 | 1.8 | 3.8 | 5.9 | -3.6 | 0.5 | 6.5 |
| Minneapolis-St. Paul-Bloomington MN-WI | 2.9 | 4.8 | 7.7 | 1.4 | -2.8 | 0.7 | 6.9 |
| Washington-Arlington-Alexandria DC-VA-MD | 1.5 | 3.8 | 7.8 | -0.1 | -2.9 | 2.8 | 7.5 |
| San Jose-Sunnyvale-Santa Clara CA | -1.9 | -1.2 | 4.2 | 4.1 | -5.6 | 5.5 | 8.1 |
| Jackson MS | 2.3 | 1.0 | 4.6 | 5.9 | -0.8 | -1.2 | 8.7 |
| Portland-Vancouver-Hillsboro OR-WA | 1.3 | 3.9 | 10.9 | 5.5 | -6.4 | -0.7 | 8.8 |
| Sacramento-Roseville-Folsom CA | 1.9 | 4.5 | 12.2 | 7.5 | -9.8 | 2.7 | 11.8 |
Source: Joint Center for Housing Studies tabulations of Freddie Mac House Price Index data.
Searchable home price change table
(Same as the two tables above, but with all 100 metro areas plus the US).
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change 2020-2024 | |
|---|---|---|---|---|---|---|---|
| metro_area | |||||||
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