What’s Your Housing Market’s Median Home Price
Interactive map of U.S. Home Prices for Metropolitan Sales Areas for fourth quarter 2014
Palm Coast, FL – March 21, 2015 – The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market, according to the latest quarterly report by the National Association of Realtors®.
Zoom in to your metropolitan statistical area to get the latest quarterly median home price for your market, and its percentage change from the previous year.
The five most expensive housing markets in the fourth quarter were the San Jose, Calif., metro area, where the median existing single-family price was $855,000; San Francisco, $742,900; Honolulu, $701,300; Anaheim-Santa Ana, Calif., $688,500; and San Diego, $493,100.
Total existing-home sales in the Northeast rose 2.5 percent in the fourth quarter and are 4.1 percent below the fourth quarter of 2013. The median existing single-family home price in the Northeast was $246,300 in the fourth quarter, up 2.2 percent from a year ago.
In the Midwest, existing-home sales declined 4.7 percent in the fourth quarter and are 0.6 percent below a year ago. The median existing single-family home price in the Midwest increased 6.2 percent to $162,000 in the fourth quarter from the same quarter a year ago.
Existing-home sales in the South climbed 2.7 percent in the fourth quarter and are 5.8 percent above the fourth quarter of 2013. The median existing single-family home price in the South was $183,500 in the fourth quarter, 6.2 percent above a year earlier.
In the West, existing-home sales fell 6.0 percent in the fourth quarter and are 0.9 percent below a year ago. The median existing single-family home price in the West jumped 4.8 percent to $299,500 in the fourth quarter from the fourth quarter of 2013.
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