United States Home Price Statistics
The median existing-home price in the United States is $434,100 as of July 2026, up 2.0% from $425,700 a year earlier, the 37th consecutive month of year over year increase. Single-family homes carry a median of $440,300 and condominiums $371,800. By region the median runs from $342,900 in the Midwest to $622,200 in the West, a spread of 1.8x. Sales are running at a 4.06 million seasonally adjusted annual rate on 4.6 months of supply.
Key United States Home Price Statistics
NAR, FHFA and Census Bureau data- The median existing-home price in the United States is $434,100, July 2026. (National Association of REALTORS)
- That is up 2.0% from $425,700 in July 2025, the 37th straight month of year over year gains. (NAR)
- The West is the most expensive region at $622,200; the Midwest is least expensive at $342,900. (NAR)
- Single-family homes sold at a median of $440,300 and condos and co-ops at $371,800, a gap of $68,500. (NAR)
- The FHFA purchase-only House Price Index rose 2.2% from May 2025 to May 2026, and 1.7% from Q1 2025 to Q1 2026. (FHFA)
- Prices rose in 42 states and fell in 8 states plus the District of Columbia over the year to Q1 2026. (FHFA)
- The Pacific division posted the weakest twelve month change at -0.3%; the Middle Atlantic the strongest at +4.5%. (FHFA, May 2026)
- Existing-home sales ran at a 4.06 million seasonally adjusted annual rate in July 2026, with 45.8% of them in the South. (NAR)
- Unsold inventory stood at 1.54 million units, or 4.6 months of supply, unchanged from a year earlier. (NAR)
- The national median price is 5.2 times the 2024 median household income of $83,730. (Aegis calculation from NAR and Census Bureau P60-286)
What Is the Median Home Price in the United States?
The median existing-home price is $434,100 for all housing types in July 2026, according to the National Association of REALTORS. That is 2.0% above the $425,700 median of July 2025 and the 37th consecutive month in which the median has risen year over year.
One national number describes no actual market. It sits above the South and Midwest, below the Northeast and West, and roughly a quarter of the way from the least expensive region to the most expensive one. It is useful for one thing: comparing a specific market against the country. Aegis uses this national benchmark across its local market statistics, so county and city figures can be compared against the same national reference point.
NAR's median covers closed sales of previously owned single-family homes, townhomes, condominiums and co-ops. New construction is tracked separately by the Census Bureau and HUD. This is the figure most people mean by "the median home price," but a new-home median will differ and should not be mixed into the same table.
Which Region Has the Highest Home Prices?
The West, at a median of $622,200. The Northeast follows at $563,800. The South ($371,700) and Midwest ($342,900) both sit below the national median.
| Rank | Region | Median price | Vs national median | Year over year | Sales rate (SAAR) |
|---|---|---|---|---|---|
| 1 | West | $622,200 | 1.43x | +0.2% | 730,000 |
| 2 | Northeast | $563,800 | 1.30x | +5.2% | 500,000 |
| 3 | South | $371,700 | 0.86x | +0.9% | 1,860,000 |
| 4 | Midwest | $342,900 | 0.79x | +2.8% | 970,000 |
| United States | $434,100 | 1.00x | +2.0% | 4,060,000 |
Source: National Association of REALTORS, Existing-Home Sales, July 2026, released August 11, 2026. Sales rate is the seasonally adjusted annual rate. Ratios to the national median calculated by Aegis Luxury Real Estate.
The West, the most expensive region, posted the weakest annual price gain at 0.2%. The Northeast, the second most expensive, posted the strongest at 5.2%. Price level and price momentum are separate questions, and a reader who conflates them will misread both the coasts and the middle of the country.
Single-Family vs Condo: How Far Apart Are They?
Single-family homes sold at a median of $440,300 and condominiums and co-ops at $371,800 in July 2026, a gap of $68,500 or 18.4%. Condo prices rose slightly faster over the year, up 2.2% against 1.9% for single-family.
| Type | Median price | Year over year | Sales rate (SAAR) | Share of sales |
|---|---|---|---|---|
| Single-family | $440,300 | +1.9% | 3,690,000 | 90.9% |
| Condominium and co-op | $371,800 | +2.2% | 370,000 | 9.1% |
| All types | $434,100 | +2.0% | 4,060,000 | 100.0% |
Source: NAR, Existing-Home Sales, July 2026. Share of sales calculated by Aegis Luxury Real Estate from the seasonally adjusted annual rates.
How Fast Are U.S. Home Prices Rising?
Slowly. NAR's median rose 2.0% year over year in July 2026. The FHFA purchase-only House Price Index rose 2.2% from May 2025 to May 2026 and 1.7% from the first quarter of 2025 to the first quarter of 2026. Prices rose in 42 states and fell in 8 states and the District of Columbia.
The two series measure different things and it matters which one is quoted. NAR reports the median price of homes that closed in the month, so it moves with the mix of homes sold as well as with values. FHFA's index is a repeat-sales measure built from Fannie Mae and Freddie Mac purchase mortgages on the same houses over time, so it strips out mix. When both say roughly 2%, the reading is robust. When the measures diverge, changes in the mix of homes sold can be an important reason because the NAR median is mix-sensitive while the FHFA index tracks repeat sales.
| Measure | Period | Change | Note |
|---|---|---|---|
| NAR median existing-home price | July 2025 to July 2026 | +2.0% | $425,700 to $434,100; 37th consecutive vs last year gain |
| FHFA HPI, monthly, purchase-only SA | May 2025 to May 2026 | +2.2% | +0.3% month over month in May |
| FHFA HPI, quarterly | Q1 2025 to Q1 2026 | +1.7% | +0.5% quarter over quarter; 42 states up, 8 states and DC down |
| FHFA HPI, strongest division | May 2025 to May 2026 | +4.5% | Middle Atlantic |
| FHFA HPI, weakest division | May 2025 to May 2026 | -0.3% | Pacific |
| FHFA HPI, top state | Q1 2025 to Q1 2026 | +7.3% | Illinois; then Alaska 5.5%, Vermont 4.9%, Connecticut 4.7%, Kentucky 4.7% |
Sources: NAR Existing-Home Sales, July 2026; FHFA House Price Index monthly release for May 2026 (July 28, 2026) and quarterly release for Q1 2026 (May 26, 2026). Next FHFA release August 25, 2026.
The Pacific division, which contains California, was the only one of the nine Census divisions with a negative twelve month change through May 2026. That does not describe Santa Clara County, where the median closed sale price is $1,648,944 and demand is set by a different economy, but it is the regional backdrop against which the county figures should be read. The county pages in this series carry their own numbers; this page carries the frame.
Where Do U.S. Home Sales Actually Happen?
In the South. Of the 4.06 million seasonally adjusted annual rate of existing-home sales in July 2026, the South accounted for 1.86 million, or 45.8%. The two most expensive regions, the West and Northeast, together account for 30.3%.
Because 69.7% of the annualized sales volume is in the South and Midwest, those lower priced regions have substantially greater representation in the transactions underlying the national median of $434,100. The expensive regions dominate the headlines and contribute less than a third of the volume.
| Region | Sales rate (SAAR) | Share of U.S. | Month over month | Year over year | Median price |
|---|---|---|---|---|---|
| South | 1,860,000 | 45.8% | -3.1% | 0.0% | $371,700 |
| Midwest | 970,000 | 23.9% | -2.0% | +2.1% | $342,900 |
| West | 730,000 | 18.0% | 0.0% | +1.4% | $622,200 |
| Northeast | 500,000 | 12.3% | +2.0% | 0.0% | $563,800 |
| United States | 4,060,000 | 100.0% | -1.7% | +0.7% | $434,100 |
Source: NAR, Existing-Home Sales, July 2026. Seasonally adjusted annual rates. Shares calculated by Aegis Luxury Real Estate. Year-to-date 2026 sales are 2.4% above the same period of 2025.
Unsold inventory stood at 1.54 million units at the end of July, down 1.9% from June and 0.6% from a year earlier, equal to 4.6 months of supply at the current sales pace. Median time on market was 29 days. First-time buyers were 29% of sales, all-cash 26%, and individual investors or second-home buyers 14%. Distressed sales were 2%.
What Does the Median Home Cost Relative to Income?
The national median price of $434,100 is 5.2 times the 2024 median household income of $83,730. NAR's Housing Affordability Index registered 103.3 in July 2026, up from 98.3 a year earlier, with the average 30-year fixed mortgage rate at 6.54%.
| Measure | Value | Period | Source |
|---|---|---|---|
| Median existing-home price | $434,100 | July 2026 | NAR |
| Median household income | $83,730 | Income year 2024 | Census Bureau, CPS ASEC, P60-286 |
| Price to income ratio | 5.2x | Mixed vintages | Aegis calculation |
| Housing Affordability Index | 103.3 | July 2026 | NAR (98.3 in July 2025) |
| 30-year fixed mortgage rate | 6.54% | July 2026 average | Freddie Mac PMMS via NAR (6.72% July 2025) |
| First-time buyer share | 29% | July 2026 | NAR |
| All-cash share | 26% | July 2026 | NAR |
Sources: NAR, July 2026; U.S. Census Bureau, Income in the United States: 2024 (P60-286, September 2025). The price to income ratio divides a July 2026 price by a 2024 income and is stated as such; it is a benchmark, not a precise affordability measure. An index of 100 means the median-income family has exactly the income needed to qualify for a mortgage on the median-priced home with a 20% down payment.
How These United States Figures Are Calculated
Median prices, sales rates, inventory, months supply and the affordability index come from the National Association of REALTORS monthly Existing-Home Sales report. Appreciation comes from the Federal Housing Finance Agency House Price Index. Median household income comes from the Census Bureau's Current Population Survey. Ratios to the national median, regional shares and the price to income ratio are calculated by Aegis Luxury Real Estate from those published figures.
| Element | Definition |
|---|---|
| Price source | National Association of REALTORS, Existing-Home Sales, July 2026, released August 11, 2026 |
| Appreciation source | FHFA House Price Index, purchase-only seasonally adjusted, May 2026 monthly (released July 28, 2026) and Q1 2026 quarterly (released May 26, 2026) |
| Income source | U.S. Census Bureau, Income in the United States: 2024, P60-286, CPS ASEC money income |
| Property types | Existing single-family, townhome, condominium and co-op. New construction excluded |
| Statistic | NAR figures are medians of closed sales in the month. FHFA is a repeat-sales index. Regional shares, ratios and the price to income ratio are Aegis calculations and are identified as such |
| Sales rate | Seasonally adjusted annual rate. Not a count of homes sold in the month |
| Regions | Census Bureau regions: Northeast, Midwest, South, West |
| Refresh | NAR monthly, around the 20th; FHFA monthly, last Tuesday; Census income annually in September |
Every figure on this page resolves to a token in the Aegis Stats Engine with a recorded source, vintage and verification date. No figure originates from a consumer portal, a commercial aggregator, or an automated valuation model.
For market-specific context, continue to the Aegis market statistics hub or compare the national figures with Santa Clara County home prices. These local pages use the national series as a common benchmark rather than replacing it with a different methodology.
Official Sources for United States Home Price Data
Every figure on this page can be checked at its origin. These are the primary records, not summaries of them.
Using these figures
Journalists, researchers, students, and other sites are welcome to cite this page and link to the permanent URL so readers can check each figure against its source and see the current version. Use of the underlying third-party data remains subject to the source organization's applicable terms.
Timothy Alston. "United States Home Price Statistics." Aegis Luxury Real Estate, DRE# 01328224, updated August 18, 2026. https://aegishomesre.com/home-price-statistics/
https://aegishomesre.com/home-price-statistics/
This URL does not change. The page is updated in place rather than republished, so a link placed today continues to resolve to the current figures. For data questions, contact Timothy Alston at aegishomesre.com/contact.
Frequently Asked Questions
What is the median home price in the United States?
$434,100 for existing homes of all types in July 2026, according to the National Association of REALTORS. Single-family homes carried a median of $440,300 and condominiums and co-ops $371,800. The figure is up 2.0% from $425,700 in July 2025 and marks the 37th consecutive month of year over year increase.
Which region of the United States has the highest home prices?
The West, at a median of $622,200 in July 2026, followed by the Northeast at $563,800. The South ($371,700) and Midwest ($342,900) sit well below the national median. The West median is 1.81 times the Midwest median.
How fast are U.S. home prices rising?
Slowly. NAR's median was up 2.0% year over year in July 2026, and the FHFA purchase-only House Price Index rose 2.2% from May 2025 to May 2026 and 1.7% from Q1 2025 to Q1 2026. Prices rose in 42 states over that year and fell in eight states and the District of Columbia. The Pacific division was the weakest at -0.3%.
Where do most home sales in the United States happen?
In the South. Of the 4.06 million seasonally adjusted annual rate of existing-home sales in July 2026, the South accounted for 1.86 million, or 45.8%. The Midwest followed at 970,000, the West at 730,000 and the Northeast at 500,000. The two most expensive regions together account for less than a third of sales, so lower priced regions have substantially greater representation in the transactions underlying the national median.
Why is the national median lower than the June figure?
The decline is consistent with normal seasonal patterns and changes in the mix of homes sold. The June 2026 median was $440,600 and July was $434,100, while the cleaner year-over-year comparison remained positive at 2.0%.
How does the national median compare with Santa Clara County?
The Santa Clara County median closed sale price is $1,648,944 across the trailing twelve months, roughly 3.8 times the national median of $434,100. The county's least expensive city, Gilroy at $1,100,000, is itself 2.5 times the national figure. See the Santa Clara County home price statistics page for the fifteen city breakdown.
Timothy Alston
Timothy Alston is a licensed California real estate Broker serving 53 communities across Santa Clara, San Mateo, Santa Cruz and Monterey Counties. Verify California DRE license 01328224. This reference page is maintained as part of an ongoing statistical series and is updated in place when its source data or methodology materially changes.