"The U.S. median home sale price reached a new all-time high of $446,000 in June. Overall, prices in 2025 remained above last year's then-record levels, with every month surpassing the corresponding median sale price from 2024. When averaging for the entire year, 2025's median sale price was 1.7% higher than 2024-around $7,400. Affordability remained a major issue for buyers and sellers, especially as tariffs, inflation, and elevated mortgage rates the economy."
"Taking the top spot for the second year in a row, San Jose was the most expensive major metropolitan area for homebuyers in 2025. The median sale price in San Jose averaged $1,617,659, up 3.3% ($51,000) from last year. The metro hit a price peak of $1,700,000 in April, which was $100,000 more than second-place San Francisco . The top six most expensive metros were all in California"
"House prices generally rose across the board, with Cleveland (9.2%), Pittsburgh (7.1%), and Milwaukee (7.1%) posting the largest annual increases."
U.S. median home sale price reached an all-time high of $446,000 in June 2025, and the annual median was about 1.7% higher than 2024 (roughly $7,400). Affordability worsened as tariffs, inflation, and elevated mortgage rates strained buyers and sellers, with rural buyers needing nearly twice the pre-pandemic income to afford a typical home. San Jose remained the most expensive major metro, averaging $1,617,659 and peaking at $1.7 million. House prices rose broadly, with Cleveland, Pittsburgh, and Milwaukee posting the largest annual gains. Regional patterns showed a Sun Belt slowdown and continued demand in parts of the Rust Belt. Data cover January–November 2025 from Redfin, the U.S. Census Bureau, FRED, NAR, and public records.
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