United States Housing Market

Home prices nationwide were up 2.4% year-over-year in March. At the same time, the number of homes sold fell 2.5% and the number of homes for sale rose 16.0%.

Overview
Supply
Demand
Migration
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U.S. Housing Demand

How competitive is the market?

In March 2025, 27.0% of homes in the U.S. sold above list price, down 2.9 pointsyear over year. There were only 18.9% of homes that had price drops, up from 14.0% of homes in March last year. There was a 98.8% sale-to-list price, down 0.39 points year over year. …

Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above listprice indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.…

Homes Sold Above List Price

(All Home Types)

27.0%

-2.9 pt YoY | Mar 2025

Based on Redfin calculations of home data from MLS and/or public records.

What does this mean?

Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.

Location

Data

Mar 2025

Growth

% YoY

27.0%

-2.9 pt

Top 10 Most Competitive Cities in the U.S.

Competition calculated using Redfin's Compete Score™

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United States Housing Market

U.S. Housing Demand

Top 10 Most Competitive Cities in the U.S.

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