House Prices

Analyse US House & Home Prices


Cornwall On Hudson, NY
Windsor Heights, IA
Valley City, OH
Whitman, MA
Millwood, NY
Wilmer, TX
Massapequa Park, NY
Oak Park, MI
Ocean Grove, NJ
Newark, TX


Developement of US house prices


What's Your Home Worth Today? Brows by city to find out average value of your house. We analyse millions of market data to calculate value range for different types of houses. (VR) The US house market has gone through different stages within the last 20 years. Prices went from high to low and back. As many other real estate markets it was heavy affected by world financial crisis which had it's origin in US bank sector. Especially US real estate banks were hardly affected by this situation. Recovering went fast so todays market is about 50% above 2009. But prices within cities also differ.



Alaska

Nenana, Denali

Gustavus, Hoonah Angoon

Glennallen, Valdez Cordova

Valdez, Valdez Cordova

Sutton, Matanuska Susitna

Alabama

Harpersville, Shelby

Seale, Russell

Lafayette, Chambers

Stapleton, Baldwin

Satsuma, Mobile

Arkansas

Pottsville, Pope

Taylor, Columbia

Wilson, Mississippi

Walnut Ridge, Lawrence

Tumbling Shoals, Cleburne

Arizona

Thatcher, Graham

Amado, Pima

Munds Park, Coconino

Youngtown, Maricopa

Tucson, Pima

California

Temple City, Los Angeles

Antelope, Sacramento

La Crescenta, Los Angeles

South San Francisco, San Mateo

Sausalito, Marin

Colorado

Meeker, Rio Blanco

Watkins, Arapahoe

Yuma, Yuma

Morrison, Jefferson

Red Cliff, Eagle

Connecticut

East Hartford, Hartford

Moodus, Middlesex

Riverside, Fairfield

Southport, Fairfield

Uncasville, New London

District of Columbia

Washington, District of Columbia

Delaware

Florida

Valparaiso, Okaloosa

Anna Maria, Manatee

Long Key, Monroe

Belleair Beach, Pinellas

Okahumpka, Lake

Georgia

Dawson, Terrell

Sparks, Cook

Ray City, Berrien

West Point, Troup

Zebulon, Pike

Hawaii

Kaaawa, Honolulu

Laie, Honolulu

Paia, Maui

Pepeekeo, Hawaii

Paauilo, Hawaii

Iowa

Windsor Heights, Polk

Sigourney, Keokuk

Ventura, Cerro Gordo

Greene, Butler

Brighton, Washington

Idaho

Star, Ada

Coeur D Alene, Kootenai

Wendell, Gooding

Nampa, Canyon

Teton, Fremont

Illinois

Gilberts, Kane

Casey, Cumberland

East Dubuque, Jo Daviess

Saint Elmo, Fayette

Bradley, Kankakee

Indiana

Greentown, Howard

Winona Lake, Kosciusko

Winchester, Randolph

Russiaville, Howard

Walkerton, St. Joseph

Kansas

Galva, McPherson

Saint George, Pottawatomie

Hillsboro, Marion

Holcomb, Finney

Ulysses, Grant

Kentucky

Smithfield, Henry

Whitesburg, Letcher

Wickliffe, Ballard

Whitesville, Daviess

Fort Campbell, Christian

Louisiana

Reserve, St. John the Baptist

Saint Rose, St. Charles

Mamou, Evangeline

White Castle, Iberville

Violet, St. Bernard

Massachusetts

Winthrop, Suffolk

Whitman, Plymouth

Rockport, Essex

Belmont, Middlesex

West Yarmouth, Barnstable

Maryland

Hyattsville, Prince Georges

Columbia, Howard

Church Creek, Dorchester

Pomfret, Charles

Baltimore, Baltimore

Maine

Ogunquit, York

Orono, Penobscot

Washburn, Aroostook

Southport, Lincoln

Van Buren, Aroostook

Michigan

Oak Park, Oakland

Riverview, Wayne

Stockbridge, Ingham

Ecorse, Wayne

Litchfield, Hillsdale

Minnesota

Waverly, Wright

Wabasso, Redwood

Saint Peter, Nicollet

Waite Park, Stearns

Tyler, Lincoln

Missouri

Riverside, Platte

Pevely, Jefferson

Seneca, Newton

Sparta, Christian

Steele, Pemiscot

Mississippi

Richton, Perry

Bailey, Lauderdale

Caledonia, Lowndes

Sturgis, Oktibbeha

Stonewall, Clarke

Montana

Saint Ignatius, Lake

Sula, Ravalli

Valier, Pondera

Somers, Flathead

Victor, Ravalli

North Carolina

Kure Beach, New Hanover

Wingate, Union

Whitakers, Nash

Nakina, Columbus

Stem, Granville

North Dakota

Wahpeton, Richland

Tioga, Williams

Walhalla, Pembina

Carrington, Foster

Napoleon, Logan

Nebraska

Long Pine, Brown

Cambridge, Furnas

Gothenburg, Dawson

Stanton, Stanton

David City, Butler

New Hampshire

Windham, Rockingham

Seabrook, Rockingham

Stratham, Rockingham

Salem, Rockingham

Pelham, Hillsborough

New Jersey

Ocean Grove, Monmouth

Lincroft, Monmouth

Totowa, Passaic

West Long Branch, Monmouth

Hainesport, Burlington

New Mexico

Bosque Farms, Valencia

Jal, Lea

Loving, Eddy

Flora Vista, San Juan

Los Alamos, Los Alamos

Nevada

Carlin, Elko

Wadsworth, Washoe

Zephyr Cove, Douglas

Nellis Afb, Clark

Carson City, Carson City

New York

Round Lake, Saratoga

Millwood, Westchester

Cornwall On Hudson, Orange

Massapequa Park, Nassau

West Nyack, Rockland

Ohio

East Canton, Stark

Valley City, Medina

West Lafayette, Coshocton

Bridgeport, Belmont

Shadyside, Belmont

Oklahoma

Tonkawa, Kay

Walters, Cotton

Talala, Rogers

Okarche, Kingfisher

Porter, Wagoner

Oregon

Sublimity, Marion

Monroe, Benton

Damascus, Clackamas

Vale, Malheur

Myrtle Point, Coos

Pennsylvania

Broomall, Delaware

Mount Joy, Lancaster

Scranton, Lackawanna

Dalton, Lackawanna

Parkesburg, Chester

Rhode Island

Rumford, Providence

Riverside, Providence

North Providence, Providence

Warren, Bristol

North Smithfield, Providence

South Carolina

Folly Beach, Charleston

Sullivans Island, Charleston

Cowpens, Spartanburg

Saluda, Saluda

Williston, Barnwell

South Dakota

Parker, Turner

Webster, Day

Wentworth, Lake

Tea, Lincoln

Worthing, Lincoln

Tennessee

Southside, Montgomery

White Bluff, Dickson

Munford, Tipton

Rocky Top, Anderson

Unionville, Bedford

Texas

Newark, Wise

Wilmer, Dallas

Lewisville, Denton

Webster, Harris

Kennedale, Tarrant

Utah

Lindon, Utah

West Valley City, Salt Lake

Torrey, Wayne

Woods Cross, Davis

Salt Lake City, Salt Lake

Virginia

Richmond, Richmond

Springfield, Fairfax

Zuni, Isle of Wight

Disputanta, Prince George

Sutherland, Dinwiddie

Vermont

Williston, Chittenden

South Hero, Grand Isle

North Hero, Grand Isle

Whiting, Addison

North Bennington, Bennington

Washington

Zillah, Yakima

Mountlake Terrace, Snohomish

Westport, Grays Harbor

Mukilteo, Snohomish

Kenmore, King

Wisconsin

Little Chute, Outagamie

Westby, Vernon

Elm Grove, Waukesha

Trevor, Kenosha

Evansville, Rock

West Virginia

Philippi, Barbour

Nitro, Kanawha

West Union, Doddridge

Newell, Hancock

Wayne, Wayne

Wyoming

Upton, Weston

Story, Sheridan

Glenrock, Converse

Mountain View, Uinta

Wright, Campbell





Like almost every sector of the economy in early 2020, residential construction in the United States suffered from the coronavirus and subsequent lockdowns. In March and April, several scheduled new construction projects were postponed, and home sales dropped sharply as uncertainty surrounding the lockdowns had a noticeable impact on the real estate market.
The downturn, however, was brief. No other sector has recovered so rapidly and in such a textbook V-shape. In June and July 2020 sales were up an astounding 20.2% and 24.7% respectively in comparison to the same periods in 2019, and in June more homes were sold in the United States than at any time in the last 13 years. According to data from the National Association of Realtors (NAR), sales rose again in August and remained strong in the fourth quarter. This boom in demand for houses was a welcomed and rare highlight in a domestic economy with shrinking fiscal performance.
Home sales continue to rise across the county as inner city residents leave the confines of city centers behind. This has been reflected in growing demand for real estate in traditional suburbs or even further out in in so called "Zoom" cities. These are attractive communities with good schools, nice neighborhoods, and solid infrastructure located beyond the traditional commuting distance. People who can work from home and Zoom teleconference are opting for them because they can get more space for the same money. Additionally, demand for larger homes could increase significantly due to the shift to home offices.

Low interest rates are also driving sales

In addition to the COVID-19 pandemic, low interest rates on mortgages - three percent for standard 30 years loans - have also given an unexpected boost to home buying in the United States and prices are reaching record highs in nearly all metropolitan areas. In two-thirds of the 181 regions observed by the NAR, prices rose by double-digit percentages in 2020.
In the Washington D.C. metropolitan area for example, the residential housing industry posted $5.3 billion in sales in July 2020, up 26% from a year earlier and the median price of single-family homes hit a ten-year high. In one emerging Zoom city, Barnstable on the Cape Cod peninsula, just under two hours drive from Boston, house prices rose by almost 20% in 2020. In the coastal town of Bridgeport, northeast of New York, real estate prices jumped 27% and, at $591,000, were even more expensive on average than houses in the greater Boston area. Both cities are also well established vacation and recreation destinations offering a wide variety of leisure activities.

Prices increase highest on the West Coast

Current price jumps are the result of rising demand outstripping current supply in coveted communities. At the end of the third quarter 2020, the NAR calculated that there were nearly 1.5 million homes for sale, down nearly 20% from the same period the previous year despite the building boom. West Coast homes were the most expensive, averaging $1.4 million in San Jose, $1.12 million in San Francisco, and $910,000 in Anaheim.
With prices this steep people are moving even further from metropolitan centers on the West Coast. Currently, the fastest growing state in the United States is Idaho. Even before the COVID-19 pandemic, Idaho had become the top relocation destination for many Californians for whom life in the coastal cities has become too expensive and too exhausting. In 2020 demand climbed even higher and prices in Boise, the state capital, rose by 20%.
Even in the neighboring state of Montana to the north, the "Californication" trend is being felt. Larger than Germany but with only one million residents, Montana has plenty of space, but growth has only occurred in highly sought after cities like Bozeman where prices jumped 21% in 2020. On average, a single-family home here now cost $584,000, well above the national average. Bozeman's scenic location also attracts tech-millionaires from Silicon Valley who purchase million-dollar estates here.

Housing boom is expected to continue

An abrupt end to the residential construction trend is unlikely for the time being. There are plenty of buyers ready to enter the market and further gains are likely as the labor market continues to rebound. This is reflected by the market performance of US homebuilders such as D.R. Horton and MDC Holdings and of home improvement chains such as Lowe's and Home Depot. The share prices of all these companies have risen rapidly in recent months and are currently near their record highs.
The S&P Homebuilders Select index is also up around 20% since the beginning of 2020, so gains in the housing market look set to continue for the time being.

Inequality in the housing market is growing

On average, a single-family home in the United States currently costs $313,500, up 12% from 2019. Median family incomes, however, have grown just 2.9% over the same period. For homeowners, this is great news, as their wealth grows while they sleep. Those looking for a home, on the other hand, are having a harder time finding affordable housing and inequality is growing.
In any case, real estate in the upper price segment is particularly coveted. The number of houses that changed hands for a million dollars or more doubled within the last year.



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