United States Housing Market
Home prices nationwide were up 5.4% year-over-year in November. At the same time, the number of homes sold rose 5.1% and the number of homes for sale rose 11.7%.
All Home Types
U.S. Housing Market Overview
What is the housing market like right now?
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$429,963
+5.4% YoY | Nov 2024
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $429,963.
Location
Data
Nov 2024
Growth
% YoY
US
$429,963
+5.4%
Top 10 Metros in the U.S. with the Fastest Growing Sales Price
- Baton Rouge, LA44.1%
- Milwaukee, WI22.9%
- Tallahassee, FL20.0%
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U.S. Migration Trends
Where are people moving to and from?
Nationwide, 26% of homebuyers searched to move to a different metro area between Oct '24 - Dec '24. The top 5 states homebuyers searched to move to were Florida, North Carolina, Tennessee, Arizona, and South Carolina while California, New York, Illinois, Washington, and Maryland were the top 5 states homebuyers searched to move from.
Of all the major U.S. metros, Sacramento was the most searched for destination among homebuyers looking to relocate between Oct '24 - Dec '24. Next came Cape Coral, Myrtle Beach, Salisbury, and Portland. Los Angeles was the most searched for destination among homebuyers looking to leave, followed by New York, San Francisco, Seattle and Washington.
Moving to
Moving from
Data Unavailable
Top 10 areas people are moving to
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Oct '24 - Dec '24 | ||
| 1 | 7,400 | ||
| 2 | 3,800 | ||
| 3 | 3,600 | ||
| 4 | 3,300 | ||
| 5 | 3,200 | ||
| 6 | 3,200 | ||
| 7 | 3,200 | ||
| 8 | 3,100 | ||
| 9 | 3,100 | ||
| 10 | 2,900 | ||
Top 10 areas people are moving from
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Oct '24 - Dec '24 | ||
| 1 | 29,900 | ||
| 2 | 24,200 | ||
| 3 | 24,000 | ||
| 4 | 18,700 | ||
| 5 | 14,200 | ||
| 6 | 5,900 | ||
| 7 | 4,900 | ||
| 8 | 3,100 | ||
| 9 | 2,500 | ||
| 10 | 2,500 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
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