Home Prices Rise in More Than 70% of Metros

During Q-1 2026, home prices increased in 167 of the nation’s 235 largest metro areas
May 5, 2026

Home prices continue to grow across the U.S., with a recent report from the National Association of Realtors showing home-price increases in 71% of metros during Q-1 2026. This figure equates to 167 out of 235 metros analyzed in the report.

The national median single-family existing-home price rose by 0.5% year-over-year to $404,300 as of Q-1 2026. However, 7% of the metros tracked in the report recorded double-digit price increases, up from 5% in the previous quarter.

Home prices continued to increase in many markets, boosting housing wealth for most homeowners. Gains were particularly solid across metro areas in the Northeast, where inventory shortages persist, and in the Midwest, where home prices remain relatively affordable. However, the expensive West region did not see an increase in sales.

- Lawrence Yun, NAR chief economist

Which metros saw the highest price increases?

With an increase of 12%, Akron, Ohio, recorded the largest annual gain in home prices. This metro was followed by Anchorage, Alaska, at 10.4%; Albany, N.Y., at 9.3%; and then Trenton, N.J., and Davenport, Iowa, both of which recorded gains of 9.2%.

Even so, California continues to house the nation’s most expensive metros

Despite growing home prices across the nation, many of the nation’s highest home prices are in California. San Jose, Calif., is considered the most expensive, with its median existing-home price at over $2 million, followed by Anaheim, Calif., at $1.4 million, and San Francisco at $1.35 million.

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