Housing Markets With the Largest Price Shifts

Nationwide, home prices grew by nearly 4% during 2024, but there was a lot of variety in price growth rates, depending on the metro area
Feb. 14, 2025
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Aerial view of Kingston, N.Y.
In Kingston, N.Y., home prices grew by more than 13% during 2024.

In 2024, U.S. single-family home prices rose by just 3.9%, but if you take a closer look at different metropolitan areas, home price changes vary greatly. Analyzing data from Freddie Mac, the ResiClub blog found that the biggest home price gain was seen in Kingston, N.Y., where prices rose by 13.5%. This was followed by Springfield, Ohio, where prices increased by 11.8%; and Glens Falls, N.Y., which saw prices grow by 11.7%. Meanwhile, the steepest home price decreases were seen primarily in Florida: In Punta Gorda, home prices declined by 8.6%, and in Cape Coral and North Port-Sarasota-Bradenton, they dropped by 7.6% and 4.7%, respectively.

National home prices, according to the Freddie Mac House Price Index, are +48.5% above March 2020 levels. During that same timeframe, overall U.S. consumer prices rose +23.1. Read more

 

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