Upstream Pressure

Median Sales Price of Houses Sold (US)

Median price of homes sold in the United States

What is the current Median Sales Price of Houses Sold (US)?

MEDIAN HOME SALE PRICE
$405,300 ↓ Improving
median price of homes sold
One year ago
$419,300 ↓ Improving
down $14,000 since Q4 2024

The median sales price of houses sold in the United States was $405,300 in Q4 2024, according to the U.S. Census Bureau. Housing affordability remains a critical driver of household financial distress, with prices still elevated well above pre-pandemic levels despite higher mortgage rates. Source: U.S. Census Bureau via FRED (MSPUS).

The median U.S. home sold for $405,300 in Q4 2025. Down 8 percent from the 2022 peak, but still 24 percent above the pre-pandemic level.

The median sale price of homes sold in the United States peaked at roughly $443,000 in late 2022. Census Bureau data shows it at $405,300 in the fourth quarter of 2025. That is a retreat of nearly 40,000 dollars from the peak.

It is also still 24 percent above where the median sat in 2019, when the number was closer to $327,000. The direction has shifted. The level hasn't. The affordability problem lives in the level.

Price is only half the equation. The other half is the mortgage rate. A median home at 2019 prices financed at a 4 percent rate required one monthly payment. The same house at 2025 prices financed at a 7 percent rate requires a payment roughly 80 percent larger, before insurance and taxes. That combination is what keeps first-time buyers out of the market even as prices retreat.

The pull-back in prices doesn't solve the affordability gap. It slows the widening. Shelter CPI shows the ongoing cost of keeping a roof, whether rented or owned, is still rising at 3.2 percent a year. For homeowners who bought near the peak with high-rate financing, a retreat in the median sale price also means a narrower exit ramp if they need to sell.

Source: Census via FRED · Latest: 2025-Q4

Explore Further

How has Median Sales Price of Houses Sold (US) changed over time?

CSV Chart Card
Median home prices have dipped from their 2024 peaks
Median sales price of houses sold in the U.S., dollars
Median Sales Price of Houses Sold (US)
Historical data
Quarterly · Census via FRED
Period Value YoY Change
Q4 2025 $405,300 −$14,000
Q3 2025 $410,100 −$5,200
Q2 2025 $416,100 +$1,600
Q1 2025 $423,100 −$3,700
Q4 2024 $419,300 −$3,900
Q3 2024 $415,300 −$20,100
Q2 2024 $414,500 −$4,000
Q1 2024 $426,800 −$2,200
Q4 2023 $423,200 −$19,400
Q3 2023 $435,400 −$2,600
Q2 2023 $418,500 −$19,200
Q1 2023 $429,000 +$15,500

Frequently Asked Questions

What is the current median home price in the U.S.?

The median sales price of houses sold in the U.S. was $405,300 in Q4 2024, according to the Census Bureau. This is tracked via FRED series MSPUS.

Why do home prices matter for financial distress?

Elevated home prices increase mortgage burdens, reduce savings available for other expenses, and create barriers to building household wealth — all factors tracked by the American Distress Index.

Where does this data come from?

This data is published quarterly by the U.S. Census Bureau and Department of Housing and Urban Development, available via FRED series MSPUS.

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Why does Median Sales Price of Houses Sold (US) matter?

Median Sales Price of Houses Sold (US) is one of 91 indicators in the American Distress Index's upstream pressure layer — the signal that predicted the 2008 crisis two years before delinquency data confirmed it.
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