#price-per-square-foot

#price-per-square-foot

Alaska's 39.4% price-cut rate tops Hawaii's 31.9% even as both markets balance seller leverage with longer selling timelines. Alaska's housing market saw 39.4% of active listings reduce their asking prices during the week ending Nov. 7, 2025, outpacing Hawaii's 31.9% price cut rate despite Alaska homes carrying a median list price of $469,000 compared to Hawaii's $1,285,000. The pricing strategy divergence between America's two non-contiguous states reveals distinct market dynamics.

Price reductions swept through 44.7% of active listings in the Seattle-Tacoma-Bellevue metro during the week ending Nov. 7, 2025, as the region's median list price held at $850,000, nearly double the national median of $435,000. The widespread pricing adjustments signal a recalibration in one of the nation's most expensive housing markets, where sellers are adapting strategies to maintain transaction momentum. Despite the high rate of price cuts, the metro absorbed 652 homes during the week while adding 399 new listings to the market.

The PhoenixMesaGlendale metro housing market presents a striking paradox: while 48.99% of active listings have reduced prices, the median list price holds firm at $522,000, sitting 20% above the national median of $435,000. This pricing dynamic signals a market recalibration where sellers are adjusting expectations despite maintaining relatively high price points. The Arizona metro recorded 16,811 active single-family homes as of Oct. 31, 2025, with 1,158 new listings entering the market during the week.

California's most expensive housing markets are posting mixed results, with price per square foot ranging from $706 to $989 among top metros. While all significantly exceed state and national medians, their selling speeds and market conditions vary widely. Santa Barbara leads the state at $989 per square foot, followed by San Jose at $962. Both metros price well above California's $409 median and dwarf the national median of $213. Yet their market dynamics differ substantially.

In September, home prices fell moderately from the month before, with a median listing price of $480,000. The number of listings on the market grew 1.6% from last month, which is a smaller increase than normal for this time of the year in Mesa, and homes are also selling slower than at the same time last year. Home prices in Mesa Typically, home price per square foot in Mesa tend to rise in September.

In September, home prices rose substantially from the month before, with a median listing price of $338,675. The number of listings on the market grew 8.6% from last month, which is a bigger increase than normal for this time of the year in Minneapolis, and homes are also selling close to the same pace as the same time last year.