From Stacker.com
Some property market questions have simple answers, others have complex ones. Defining the average house price in the USA involves a combination of both, as the answer can be concise or detailed, providing a clear understanding of the market.
Whichever solution you’re looking for, this is the right place to find it. The Offerpad team has compiled all the information on average American property prices you could possibly need, from current data to the underlying factors influencing the market at present.
Related: The most expensive homes sold in 2025 (so far).
Rather than holding out on the main info you’ve come here to discover, here’s a quick overview of top-level average house prices in the USA, broken down across a number of different sources.
The data is from several reputable sources. Each one uses different metrics to calculate its average, and thus, its results often diverge.
The latest data published by the U.S. Census Bureau, in conjunction with the U.S. Department of Housing and Urban Development, examines sales of new single-family homes in July 2025. It shows that:
- The median sale price for the month was $403,800.
- A total of 652,000 new houses were sold in this period.
- An estimated 499,000 new homes were on the market by the end of the month.
What’s most significant about the average cited here is that it’s actually down 0.8% month on month and is 5.9% below the $429,000 median sale price for new single-family homes recorded by the U.S. Census Bureau in July 2024.
Moreover, the mean sales price for new houses sold was $487,300 in July 2025, a 5% decrease from the same month in the previous year. So whether you take the exact midpoint of the data set (median) or the average based on the cumulative price of all domestic property transactions, divided by the total number of transactions, the downward trend is consistent and conspicuous.
Zillow
As a leading presence in the market for buying, selling, and renting properties online, Zillow has its own vast datasets to draw upon when calculating average prices. With this information, the company publishes the Zillow Home Value Index (ZHVI), which is updated monthly to track the market as a whole, with more granular detail available for those who want it.
From the most recent update, you can see that:
- Average home values in the USA sit at $368,581.
- Prices are currently 0.3% higher than they were one year ago.
- The market has actually declined since the beginning of 2025, with average prices peaking at $371,168 in February and dropping monthly since then.
Another detail worth noting from Zillow’s crop of analytics is that in June 2025, 49.6% of the sales tracked were for properties that changed hands for less than the original list price. This means that most people who sold did so without achieving price parity with the original valuation.
Coupled with the fact that almost 1.4 million homes were listed for sale on Zillow at the end of July, it’s easy to see why buyers can afford to offer less than the asking price in many instances, and be in with a decent chance of having this offer accepted.
The most considerable distinction between Zillow’s average price data and that of the U.S. Census Bureau is that the latter only looks at new homes, whereas the former covers single-family homes of all kinds, from 100-year-old rural cottages to freshly built urban developments.
Redfin
An even broader overview of the property market is available courtesy of Redfin’s data set. Here, you can see average sales prices across all home types, rather than focusing on single-family setups. The main takeaways include:
- The median sale price in July 2025 was $443,471, up by 1.2% year on year.
- The number of homes sold in the month was actually down by 2.1% YoY, totaling 473,987 properties.
- Just over 2 million homes were on the market in July, representing a 7.2% rise compared with the same month in 2024.
In terms of whether properties sold were going above or below their list price, Redfin found that just 29% of those that changed hands in July did so for more than they were marketed as. This represents a long-term downtrend, a stark contrast to the peak in May 2022, when nearly 60% of sales exceeded their list price.
The mechanisms of supply and demand are transparently holding sway over the market in 2025. Average house prices in the U.S. are dropping month on month while only just managing to stay above water from a YoY perspective.
What About Regional Averages?
There’s even more info and analysis on average home prices in the USA, all of which is updated monthly, quarterly, and annually, depending on the source.
As with the national average breakdown, we’ll take this on a source-by-source basis to provide you with the broadest possible overview, along with some local insights that may be relevant to you.
The NAR provides a useful county-by-county breakdown of median home prices on its website, with data sourced from both the American Community Survey and the Federal Housing Finance Agency. Currently, it focuses on Q1 of 2025, and there are some eye-opening statistics on both the macro and micro levels.
Specifically:
- 26.9% of homes nationally are worth less than $150,000.
- 56.6% of homes are worth between $150,000 and $350,000.
- 12.1% of homes are worth between $350,000 and $550,000.
- 0.5% of homes are worth over $1 million.
In terms of the locations with the most expensive median house price, there are just 10 nationally that sit in this exclusive club. This includes:
- Marin County, California, with an average valuation of $1,630,017.
- Teton County, Wyoming, where values sit at $1,535,581.
- Maui County, Hawai’i, with 1,040,382 being the pricing midpoint.
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Average home prices in Orange County and Apopka
As of mid-2025, the typical home in Orange County has an average value of about $404,000, down roughly 4% over the past year. The median sale price was recently around $445,000.
In Apopka, homes are selling for slightly less on average — Zillow puts the average around $394,800, also down (about 4-5%) year-over-year — but Redfin reports a median sale price closer to $450,000, reflecting higher-end and newer home sales.
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Keep in mind that all of these prices are based on value estimates, not actual home sale prices. So, whether a seller today can achieve the expected price extrapolated from the data in this case is a different question. Since it’s been established that close to 50% of homes are selling below list price right now, this is doubtful.
The NAR’s research also calculates average mortgage payments, which in the top five locations in terms of home value all exceed $8,000 a month.
At the other end of the spectrum, the lowest median home prices can be found in:
- Todd County, South Dakota, where the median value is $49,050.
- Apache County, Arizona, where $56,520 is the going rate for a home.
- Cottle County, West Virginia, where $59,970 will get you a typical property.
What About Interest Rates?
The elephant in the room at this point in this discussion is the impact that interest rates have on average property prices, both in the U.S. and in every other country where property can be bought and sold (read: all of them).
In simple terms, when it’s cheaper for people to get home loans, property prices tend to increase. The affordability of lending is closely tied to interest rates, and this was particularly evident during the COVID-19 pandemic. Demonstrating this is easiest when looking at one source, so for simplicity, we’ll talk about Statista’s overview of new home sales prices. Between 2017 and 2020, the average wavered around the $385,000 mark. Then, in 2021, this figure jumped to $464,000, and again in 2022, it rose further to $521,000.
Such leaps would not have been possible without the concerted effort to keep the wider economy afloat at a time of crisis, and the subsequent impact on borrowing costs that this resulted in. Conversely, as the pandemic’s effects subsided and other economic and political realities hit home, interest rates rose in 2023 and 2024, resulting in average sales prices for new homes falling rather than rising. This has not occurred to the same extent as it did in the wake of the 2008 financial crisis, for which the subprime mortgage market was a primary catalyst. However, it’s a useful point to grasp, as it continues to impact every homeowner and renter.
At the time of writing, borrowing rates set by the Fed sit at 4.33%, and it is expected that a cut will come in the next few weeks in response to weakening economic growth, concerns over the job outlook, and the fallout from tariffs imposed on imports, among other in-play factors.
It is not much of a stretch to assert that the month-on-month decline in average house prices seen in many parts of the U.S. has been spurred by a combination of higher rates and the uncertainty that faces consumers collectively.
This state of affairs is compounded by the fact that many people who took out home loans during the market boom period from mid-2020 to mid-2022 may be approaching the point at which they need to renew their mortgage deal, assuming they took a short-term fix on the rate offered. When monthly repayments rise significantly as higher rates are applied, there’s the possibility that some homeowners will find that they simply cannot afford to stay put. In turn, the supply of homes to the market will rise while demand falls, potentially depressing average prices even further.
It’s worth reiterating that this is a speculative look at what might happen to the market in the weeks and months to come, rather than an assertion of immutable fact. Circumstances change rapidly, and rate shifts could well improve the affordability of home loans to the point that house prices begin to head upwards once more.
Long-term predictions made by Statista still indicate that the real estate market will continue to grow year on year between now and 2029, with an average annual increase of 3.31% projected. In comparison, J.P. Morgan is less optimistic, with analysts anticipating that a sub-3% growth rate for 2025 is possible.
The roughly 3% growth for the market is essentially in line with how real estate has fared over the entirety of the market’s existence in the U.S. It is unlikely there will be as much tumultuousness as occurred either in 2008 or 2020 for some time, which makes having a handle on average house prices merely important rather than absolutely fundamental to the buying and selling process.
If you’ve read the final paragraphs of this study of the average house price in the USA, hopefully, you now have a sense of the duality of this question.
On the one hand, a rough national average of $400,000 is a reasonable starting point to settle on, even if sources vary based on what they’re measuring and how they measure it. On the other hand, there’s much to be gained from getting stuck into the minutiae of your local market, even if it’s just out of curiosity, and seeing how this compares with other parts of the country.
Another clear takeaway is that house price data is constantly in flux, and the same applies to the external factors that influence whether prices rise or fall. Interest rates are always at the heart of the market, but there’s also a lot to learn from housing trends that stem from the most sought-after features, whether that’s home offices or new garage doors.
And for people who are trying to justify that bathroom remodel or kitchen refit based on the expectation that it will pay for itself when you come to sell, it’s worth double-checking your figures before committing. If you do the work to make your home a more enjoyable place to live, that’s justification enough.
