U.S. regional housing market
Median selling price
|Region||Median selling price in October 2018|
|State||Median Sales Price|
|District of Columbia||$560,000|
According to the above graphic, the Western region of the country has the highest median price for a home — possibly due to limited inventory and high demand.1 It includes six states with median home prices above $300,00: Hawaii (with a median price of $550,000), California ($479,000), Colorado ($350,000), Washington ($330,000), Utah ($312,500) and Oregon ($310,000). Outside of the West, only Washington, D.C. and Massachusetts have median prices above $300,000 — $560,000 and $381,000 respectively.
The cheapest median home prices were in the South and the Midwest. Despite high demand, a large supply of inventory may help to keep the median price in the South at $178,125. Three states in the Midwest and two in the South had prices below $130,000. The most affordable state for a home is Oklahoma, which has a median price of $125,000.
1 Source data: CoreLogic®
Data date: 01/21/2019
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