Week of September 3, 2018

2018 vs. 2023 state housing prices

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State Median selling price in 2018 Forecasted median selling price in 2023
Alabama $137,564 $176,750
Alaska $283,975 $379,188
Arizona $235,000 $300,831
Arkansas $145,000 $180,288
California $488,500 $733,999
Colorado $363,100 $460,079
Connecticut $238,500 $329,390
Delaware $228,000 $291,432
District of Columbia $563,450 $687,997
Florida $215,500 $287,252
Georgia $185,000 $232,069
Hawaii $545,950 $746,068
Idaho $237,500 $304,770
Illinois $195,000 $256,648
Indiana $165,625 $215,763
Iowa $142,000 $179,070
Kansas $207,786 $259,775
Kentucky $140,000 $175,495
Louisiana $170,000 $200,274
Maine $220,045 $304,671
Maryland $285,000 $356,926
Massachusetts $398,000 $529,702
Michigan $149,000 $200,714
Minnesota $226,591 $275,335
Mississippi $193,383 $244,081
Missouri $172,500 $221,015
Montana $261,824 $339,094
Nebraska $159,000 $199,416
Nevada $275,000 $394,332
New Hampshire $220,000 $302,314
New Jersey $290,950 $381,905
New Mexico $208,258 $268,661
New York $238,000 $307,017
North Carolina $191,000 $238,112
North Dakota $213,000 $251,402
Ohio $135,000 $173,773
Oklahoma $133,500 $160,865
Oregon $315,000 $430,925
Pennsylvania $168,500 $216,682
Rhode Island $252,000 $321,609
South Carolina $184,000 $234,673
South Dakota $115,000 $140,006
Tennessee $166,000 $203,472
Texas $236,250 $268,676
Utah $307,130 $392,931
Vermont $189,430 $253,274
Virginia $271,000 $342,678
Washington $361,000 $465,331
West Virginia $134,750 $172,758
Wisconsin $162,300 $207,359
Wyoming $230,075 $298,141

The maps illustrate the housing prices for 2018 side-by-side with the projected housing prices for 2023. Median home selling prices are currently over $400,000 in three markets: District of Columbia, Hawaii and California. By May 2023, Massachusetts, Colorado, Washington and Oregon are expected to join this group as well.

The current national median selling price is $234,312. By May 2023, it is forecast to reach $303,823 — an annual growth rate of 5.3%.

Twenty-two states currently have home prices lower than $200,000. That number is forecast to drop to 9 states by 2023. California is expected to have the highest home appreciation rate — 8.5% — and will see its average price rise from $488,500 to $733,999 by May 2023.1

1Source data: CoreLogic® 
Data date: 07/25/2018

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