Week of October 1, 2018

2018 vs. 2023 state housing prices

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State Median selling price in 2018 Forecasted median selling price in 2023
Alabama $142,266 $179,260
Alaska $288,764 $379,554
Arizona $249,500 $318,918
Arkansas $146,000 $177,233
California $485,000 $730,413
Colorado $368,000 $463,950
Connecticut $258,450 $353,688
Delaware $230,000 $288,249
District of Columbia $572,500 $693,734
Florida $220,000 $289,332
Georgia $190,000 $238,140
Hawaii $537,000 $722,538
Idaho $245,100 $314,049
Illinois $200,000 $259,093
Indiana $168,000 $215,528
Iowa $145,000 $183,023
Kansas $203,225 $249,345
Kentucky $152,000 $188,828
Louisiana $170,000 $194,681
Maine $236,031 $323,903
Maryland $290,000 $361,527
Massachusetts $415,000 $540,288
Michigan $150,000 $199,715
Minnesota $225,000 $271,853
Mississippi $198,156 $243,931
Missouri $170,573 $214,789
Montana $258,750 $334,439
Nebraska $163,550 $202,116
Nevada $276,000 $394,440
New Hampshire $229,000 $310,170
New Jersey $307,000 $402,810
New Mexico $208,745 $270,493
New York $266,450 $348,856
North Carolina $200,000 $248,529
North Dakota $205,000 $240,319
Ohio $137,000 $173,277
Oklahoma $115,000 $135,028
Oregon $324,900 $444,719
Pennsylvania $179,000 $228,782
Rhode Island $250,000 $311,083
South Carolina $187,500 $239,603
South Dakota $163,500 $197,198
Tennessee $170,000 $207,270
Texas $233,744 $258,488
Utah $311,785 $392,348
Vermont $190,000 $253,572
Virginia $285,000 $357,510
Washington $351,000 $452,952
West Virginia $135,000 $169,972
Wisconsin $180,000 $226,483
Wyoming $233,145 $292,497

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 four markets: District of Columbia, Hawaii, California and Massachusetts. By July 2023, Colorado, Washington, Oregon and New Jersey are expected to join this group as well.

The current national median selling price is $239,542. By June 2023, it is forecasted to reach $307,618 — an annual growth rate of 5.1%.

Twenty states currently have home prices lower than $200,000. That number is forecast to drop to 10 states by 2023. California is expected to have the highest home appreciation rate — 8.5% — and will see its average price rise from $485,000 to $730,413 by June 2023.1

1Source data: CoreLogic® 
Data date: 08/25/2018
Data for 06/2018 vs 06/2023 (forecast)


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