Week of March 11, 2019

Housing price comparison

2018 median selling prices

2018 median selling prices

2023 projected median selling prices

2023 projected median selling prices
State Name Median selling price in 2018 Forecasted Median selling price in 2023
Alabama $133,500 $140,263
Alaska $280,400 $297,594
Arizona $241,040 $252,610
Arkansas $136,800 $142,548
California $477,000 $519,415
Colorado $351,500 $367,507
Connecticut $232,100 $247,739
Delaware $201,600 $211,019
District of Columbia $539,950 $563,362
Florida $220,000 $233,341
Georgia $185,000 $193,810
Hawaii $580,000 $617,120
Idaho $242,136 $255,221
Illinois $172,000 $181,653
Indiana $162,500 $170,758
Iowa $130,000 $136,531
Kansas $193,383 $202,248
Kentucky $139,000 $145,041
Louisiana $168,545 $173,453
Maine $214,823 $228,731
Maryland $279,000 $291,466
Massachusetts $380,000 $401,858
Michigan $135,050 $143,099
Minnesota $209,900 $218,489
Mississippi $177,500 $186,119
Missouri $164,759 $173,270
Montana $250,000 $264,380
Nebraska $159,000 $166,187
Nevada $290,000 $312,173
New Hampshire $236,000 $250,910
New Jersey $278,000 $294,674
New Mexico $205,875 $216,906
New York $298,000 $315,618
North Carolina $192,000 $201,078
North Dakota $189,900 $196,896
Ohio $128,933 $135,078
Oklahoma $125,000 $129,393
Oregon $310,000 $329,524
Pennsylvania $160,000 $168,029
Rhode Island $255,000 $267,811
South Carolina $179,275 $188,486
South Dakota $167,000 $173,944
Tennessee $164,700 $171,067
Texas $233,000 $237,893
Utah $310,625 $326,038
Vermont $190,250 $200,816
Virginia $250,000 $262,085
Washington $335,160 $353,473
West Virginia $123,600 $129,451
Wisconsin $159,000 $166,238
Wyoming $233,585 $246,012

By 2023, the median selling price for a home in California is expected to rise above $500,000,1 joining Hawaii and Washington, D.C., as the most expensive housing markets in the country. Massachusetts will be fourth as prices may grow 5.75% annually to $401,857.

Nationally, the average selling price is predicted to increase by 5.1% every year to $233,322 by 2023. California is expected to have the highest appreciation rate with 8.89% annual growth; followed by Nevada (7.65%) and Connecticut (6.74%).

Twenty-three states in 2018 had selling prices below $200,000. However, homes in Kansas and Vermont may climb above $200,000 in the next five years.

1 Source data: CoreLogic®

Data date: 2/05/19

 

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