Nearly All US Metros Recorded Home Price Increases in Q1 2025

During the first several months of the year, home prices increased in nearly all U.S. metros. That’s according to the National Association of Realtors’ recent quarterly report, which shows that 83% of metros experienced price gains in Q1 2025. Still, the price growth observed over this period is less than what has been recorded in recent quarters. Compared with the 4.8% median price increase recorded in Q4 2024, the national median single-family existing-home price grew by 3.4% to $402,300. Additionally, of the 228 metros tracked in the report, 11% saw double-digit price increases, which is down slightly from the 14% recorded in Q4 2024.

"Most metro markets continue to set new record highs for home prices," said NAR Chief Economist Lawrence Yun. "In the first quarter, the Northeast performed best in both sales and price gains by percentage. Despite the stronger job additions, the South lagged with declining sales and virtually no price appreciation." Read more