US home prices rose the most in Maine and Connecticut and fell the most in Nevada and Utah between the second quarters of 2022 and 2023. Camden, New Jersey, was the US city with the biggest increase in housing prices during this period, while San Francisco-San Mateo-Redwood City was the metropolitan area with the biggest decrease.
Overall, prices for single-family homes rose by 3.0% between the second quarters of 2022 and 2023 and 1.7% between the first and second quarters of 2023, according to the Federal Housing Finance Agency (FHFA).
What is the median home price in the US?
As of October 2023, the median listing price for homes for sale in the US was about $424,000 — about $14,000 less than the median listing price in October 2022, after adjusting for inflation. While the nationwide median ticked up until the second quarter of 2023, the median listing price has fallen in each month from July to October 2023.
