National Median House Sales Price Long-Term Trend by Quarter since 1970*
Q4 2022
The median sales price is that price at which half the sales occurred for more and half for less. It can be affected by other factors besides changes in fair market value, such as market seasonality. Quarterly fluctuations are common. Longer-term trends are more important than short-term changes. Quarterly prices will typically change more gradually than monthly prices. House (single family home) sales prices are typically higher than “home” sales prices, which also include other property types such as condos and co-ops.
$450,000
$400,000
2018
$350,000
$300,000
Pandemic hits ▲
2007
$250,000
$200,000
Foreclosure crisis
$150,000
1990
$100,000
Long-term quarterly data from U.S Census & the Department of Housing & Urban Development
$50,000
1970
$0
*Sources: U.S. Census & Department of Housing and Urban Development, per Federal Reserve Bank of St. Louis: https://fred.stlouisfed.org/series/MSPUS. Not seasonally adjusted. Data from sources deemed reliable but may contain errors and subject to revision. Numbers should be considered approximate.
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