Week of November 12, 2018

2018 vs. 2023 state housing prices

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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

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