725.726.3177
2018 vs. 2023 state housing prices
2018 median housing prices
2023 median housing prices
| State | Median selling price in 2018 | Forecasted median selling price in 2023 |
|---|---|---|
| Alabama | $129,500 | $164,455 |
| Alaska | $272,825 | $363,150 |
| Arizona | $239,500 | $306,687 |
| Arkansas | $140,000 | $171,325 |
| California | $480,000 | $727,752 |
| Colorado | $357,000 | $452,525 |
| Connecticut | $250,000 | $342,654 |
| Delaware | $230,000 | $291,162 |
| District of Columbia | $510,000 | $626,630 |
| Florida | $218,000 | $289,057 |
| Georgia | $179,000 | $226,139 |
| Hawaii | $575,000 | $783,777 |
| Idaho | $242,968 | $311,813 |
| Illinois | $185,000 | $242,323 |
| Indiana | $166,250 | $213,522 |
| Iowa | $136,000 | $172,115 |
| Kansas | $194,614 | $241,254 |
| Kentucky | $145,000 | $179,835 |
| Louisiana | $164,000 | $188,411 |
| Maine | $222,000 | $306,554 |
| Maryland | $291,000 | $363,201 |
| Massachusetts | $396,000 | $524,536 |
| Michigan | $145,000 | $193,822 |
| Minnesota | $216,950 | $263,879 |
| Mississippi | $192,660 | $237,901 |
| Missouri | $167,500 | $211,041 |
| Montana | $256,588 | $337,062 |
| Nebraska | $160,000 | $197,953 |
| Nevada | $280,000 | $402,674 |
| New Hampshire | $240,000 | $326,645 |
| New Jersey | $315,000 | $417,130 |
| New Mexico | $200,949 | $261,029 |
| New York | $262,679 | $338,599 |
| North Carolina | $193,000 | $242,374 |
| North Dakota | $196,000 | $232,183 |
| Ohio | $134,000 | $169,127 |
| Oklahoma | $126,000 | $148,745 |
| Oregon | $314,990 | $434,139 |
| Pennsylvania | $169,900 | $218,601 |
| Rhode Island | $252,000 | $319,492 |
| South Carolina | $180,939 | $234,204 |
| South Dakota | $164,000 | $197,598 |
| Tennessee | $162,500 | $197,534 |
| Texas | $231,057 | $256,755 |
| Utah | $306,000 | $387,633 |
| Vermont | $189,900 | $254,713 |
| Virginia | $259,912 | $328,795 |
| Washington | $342,000 | $444,631 |
| West Virginia | $119,500 | $151,254 |
| Wisconsin | $165,000 | $206,878 |
| Wyoming | $227,818 | $292,862 |
The maps illustrate the housing prices for 2018 side-by-side with the projected housing prices by state for 2023. Median home selling prices are currently over $400,000 in three markets: District of Columbia, Hawaii and California. By August 2023, Massachusetts, Colorado, Washington, Oregon, New Jersey and Nevada are expected to join this group as well.
The current national median selling price is $233,245. By August 2023, it is forecasted to reach $301,846 — an annual growth rate of 5.3%.
Twenty-four states currently have home prices lower than $200,000. That number is forecast to drop to 12 states by 2023. California is expected to have the highest home appreciation rate — 8.7% — and will see its average price rise from $480,000 to $727,752 by August 2023.1
1Source data: CoreLogic®
Data date: 10/25/2018
This publication is provided for your convenience and information only. Bank of America, N.A. assumes no liability for loss or damage as a result of your reliance on information in this publication. Photos are for illustration purposes only and are not to be construed as an endorsement of a particular product or company. Unless expressly disclosed otherwise, Bank of America, N.A. is not affiliated with or responsible for the products or services of any company that may be mentioned or depicted in this publication. Our goal is for the contents of this publication to be accurate as of the date this issue was printed. However, we do not guarantee that any content is accurate or complete.