Home Prices Rise in 77% of US Metros

Home prices may be stagnating, but they still increased in 77% of U.S. metros during Q-3 2025, according to the National Association of Realtors’ latest quarterly report. This figure marks a 2% increase from the 75% of metros experiencing home-price growth during Q-2 2025. Still, the growth recorded was minimal compared with last quarter. Only 4% of metros recorded double-digit price increases, down from 5% in Q-2 2025.

The largest price gains were recorded in the Northeast and Midwest. Trenton, N.J., for instance saw home prices grow by 9.9% year-over-year in Q-3, while Lansing, Mich. recorded a 9.8% increase, and Nassau County-Suffolk County, N.Y., saw prices rise by 9.4% during the same period. Comparatively, the national median single-family existing-home price grew by 1.7% year-over-year.

"Home sales have struggled to gain traction, but prices continue to rise, contributing to record-high housing wealth," said NAR Chief Economist Lawrence Yun. "Markets in the supply-constrained Northeast and the more affordable Midwest have generally seen stronger price appreciation."

"Price declines are occurring mainly in southern states, where there has been robust new home construction in recent years," added Yun. "Given the region’s faster job growth, these price drops should be viewed as temporary and as a second-chance opportunity for those previously priced out of the market."