By February 2025, the homeowner listed the property above for sale at $519,000. After 4 subsequent price cuts and a brief delisting, the home finally sold in December 2025 for $455,000-or -19.5% below its 2023 sales price. While that's certainly a material home price correction from its Pandemic Housing Boom peak, we should note that the December 2025 sales price ($455K) was still +38.7% above the $328,000 price the same property fetched in 2017.
Based on our analysis of the Zillow Home Value Index, U.S. home prices are up just 0.1% year over year from December 2024 to December 2025. That marks a deceleration from the +2.6% growth rate a year earlier-though national price growth has recently stabilized, ticking slightly higher from a low of -0.01% in August 2025. In the first half of 2025, the number of major metro-area housing markets seeing year-over-year declines climbed. That count has since pretty much stopped ticking up.
In May, home prices rose moderately from the month before, with a median listing price of $268,500. The number of listings on the market grew 12.9%, which is a bigger increase than normal for this time of the year in Indianapolis, and homes are also selling slower than at the same time last year. Home prices in Indianapolis Typically, home price per square foot in Indianapolis tend to rise in May.
Belated new-home sales levels reached a more than three-year peak in September and October, but selling prices plummeted as homebuilders dialed in concessions to pull hesitant buyers from the sidelines. Even as new-home sales show signs of solid demand, homebuilders face mounting pressure to bridge affordability challenges by leveraging incentives, costly mortgage buydowns, and lower prices. These tactics come at the expense of their operating margins, but are necessary to move abnormally elevated levels of started- and completed inventory.
Industry watchers on both sides of the aisle say President Donald Trump's recently announced goal of banning "large institutional investors" from buying single-family homes won't address the root cause of high home prices: a shortage of homes. Major investors, including hedge funds and private equity firms, own hundreds of thousands of single-family homes around the US, which has raised concerns that Wall Street-backed groups are outcompeting individual homebuyers, especially first-time buyers, and driving up home prices.
A 1,618-square-foot condominium built in 2019 has changed hands. The property in the 5800 block of Midnight Place in Dublin was sold on Nov. 6, 2025 for $1,045,000 which works out to $646 per square foot. This condo has three bedrooms and two bathrooms. In addition, the condo is equipped with two parking spots, offering designated areas for parking two vehicles.
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.
According to our analysis of the Zillow Home Value Index, U.S. home prices are up +0.2% year-over-year between November 2024 and November 2025. While that pace has decelerated over the past year-back in November 2024, the national year-over-year home price growth rate was +2.3% -it has ticked up slightly from the recent low of -0.01% in August 2025. In the first half of 2025, the number of major metro area housing markets seeing year-over-year declines climbed. That count has since stopped ticking up.
In November, home prices rose slightly from the month before, with a median listing price of $386,590. The number of listings on the market shrank 2.1% from last month, which is a smaller decrease than normal for this time of the year in Albuquerque, and homes are also selling close to the same pace as the same time last year.
In November, home prices fell moderately from the month before, with a median listing price of $515,000. The number of listings on the market shrank 11.0% from last month, which is typical for this time of the year in Portland, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Portland tend to rise in November.
In November, home prices fell slightly from the month before, with a median listing price of $574,000. The number of listings on the market shrank 10.3% from last month, which is typical for this time of the year in Austin, and homes are also selling close to the same pace as the same time last year. Home prices in Austin Typically, home price per square foot in Austin tend to rise in November.
In November, home prices fell substantially from the month before, with a median listing price of $1,125,000. The number of listings on the market shrank 16.7% from last month, which is a bigger decrease than normal for this time of the year in San Jose, and homes are also selling slower than at the same time last year. Home prices in San Jose Typically, home price per square foot in San Jose tend to fall in November.
Typically, home price per square foot in San Diego tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.2% compared with the month before. So, how does this compare with the rest of the U.S? Nationally, home price per square foot decreased 1.2%, which means price changes in America's Finest City are smaller the national market.
In November, home prices fell slightly from the month before, with a median listing price of $423,925. The number of listings on the market remained practically unchanged from last month, but it is a bigger increase than normal for this time of the year in Fresno, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Fresno tend to rise in November.
In November, home prices rose moderately from the month before, with a median listing price of $150,000. The number of listings on the market shrank 5.6% from last month, which is a bigger decrease than normal for this time of the year in Cleveland, and homes are also selling close to the same pace as the same time last year.
Between March 2020 and March 2023, appreciated 36.1% in rural areas, more than doubling their rate of growth in the preceding three-year period, according to analysis conducted by researchers at the Harvard Joint Center for Housing Studies. In areas with high percentages of seasonal second homes and vacation properties, the surge was even more pronounced at 46.8%, rising from 17.4% from 2016 to 2019, a new working paper by Harvard JCHS' Alexander Hermann and Peyton Whitney finds. Alongside the appeal of nearby natural attractions, such as lakes and mountains, the communities also offer robust infrastructure aimed at supporting traffic flows brought by the tourism industry.
