Average Home Price By State

West virginia s median home price of 107 927 is the lowest of any state in the united states. Below i provide and graph historical monthly median single family home values in the united states importantly this data is non seasonally adjusted and based on sales of existing homes. Median existing single family home values are moving higher in much of the united states increasing 6 2 percent in the second quarter of 2017 compared with the second quarter of 2016 to 255 600.

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The median price for existing homes 233 000 and the median price for new construction homes 430 244 are both up about 6 from june 2019.

Average home price by state. Region size rank. West virginia s median home value was 99 000 in september 2019. But the state s average mortgage balance was 110 464.

The data includes home prices from january 1953 until june 2020. There is a historical home price series using nominal prices and one adjusted for inflation. If a homebuyer is looking to pay 200 000 the typical home size would be around 2 140 square feet more than four times the size of a similarly priced home in hawaii.

Average home value in georgia. While most states median home values were higher than their average mortgage debt this was not true in west virginia where the state s median home value was 12 less than the average amount borrowers owed on their mortgages. For the state s median home price one could buy a 3 bedroom 2 bathroom home in huntingtown or a 4 bedroom 2 bathroom townhouse in fort washington.

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