National Real Estate Insights December 2024

U.S. Median Single-Family-Home Sales Price Long-Term Market Dynamics, by Month, since 1990*

2022-23-24

The November 2024 median house sales price rose 4.8% year-over-year.

$400,000

The median sales price is that price at which half the sales occurred for more and half for less, and can be affected by factors besides changes in fair market value. The regular ups and downs within calendar years mostly reflect the effects of market seasonality. It is not unusual for median price to peak for the year in June.

$350,000

$300,000

$250,000

Pandemic hits ▲

2005-2007

$200,000

2000

$150,000

Market recession, foreclosure crisis

1990

$100,000

Updated through November 2024

$50,000

*Data copyright, National Association of Realtors®. All rights reserved. Used with permission. Existing single-family dwellings only, does not include new-home sales. Last month labeled “preliminary . ” Data from sources deemed reliable but may contain errors and subject to revision.

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