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Home Sales
Overview
Supply
Demand
Buy or Sell
Market Insights
MigrationU.S Existing Home Sales
U.S. Existing Home Sales
321,408
6.61% year-over-year
US Housing Market Overview
You can also check the market competitiveness through median days on the market. Homes now spend 56 days on the market before going under contract. Mortgage rates also affect the housing demand. Higher mortgage rates at around 7% squeeze buyer demand. All these metrics collectively indicate changes in the US housing market's pace and affordability.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: You get more competition due to fewer median days on the market. But the increase in the number of homes for sale by 11.7% gives you a lot of room to negotiate. However, a fall in mortgage rates can lead to a housing inventory decline, and vice versa.
- If You're a Seller: You can still make profits. With 22.4% of homes sold above the list price, it's possible to get favorable deals on your home sale.
Median Sale Price
$0% year-over-year
US Housing Supply
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: You have an advantage with the increased number of homes for sale. The rising inventory will potentially meet the demand and stabilize house prices in the US. While 4 months of supply signals faster sales, the rising inventory can benefit you.
- If You're a Seller: You need to act fast and sell your home before the housing supply picks up pace. You can take advantage of the growing demand in states like Texas, Georgia, and Florida, which have the largest net inflow of people. To attract buyers, you can stage and market your house on the MLS.
# of Homes for Sale
0% year-over-year
US Housing Demand
22.4% of homes in the USA sold above the list price in January 2025. Price drops increased slightly from last year, with 19.1% of homes selling below list price. The 98.2% sale-to-list price shows price flexibility for both buyers and sellers.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: The current rate of 19.1% of homes with price drops suggests potential bidding wars and increased affordability for you. The current housing market serves both sellers and buyers. However, there is some market stagnation due to the supply shortage and high mortgage rates. Skyrocketing interest rates could suppress demand in the months to come.
- If You're a Seller: You can earn profits on home sales, given that 22.4% of homes are selling above the list price. You could also wait till spring or summer when housing demand booms.
Homes Sold Above List Price
%0% year-over-year
Is It a Buyer's or Seller's Market?
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Is It a Buyer's or Seller's Market?
As of January 2025, home buyers in the US have more leverage due to increased housing inventory and price drops. However, mortgage rates of 7% can restrict buying power. With an increase in new constructions and a 6.8% rise in new home listings, the American dream of homeownership is still very much in reach.
On the other hand, the median days on the market-currently at 56 days-can appeal to sellers looking to list their homes. If average US home prices keep rising, you can have an upper hand in the market. You can list your home for a flat fee and make a speedy sale. But remember, these trends vary significantly within the diverse US real estate market.
US Housing Market Insights
Regional markets reveal diverse price growth patterns across the country. Baton Rouge, LA, leads with a 28.9% price increase. Michigan's Warren and Milwaukee follow with 26.8% and 26.5% growth respectively. Homes spent 56 days on the market nationwide, up by 7 days YoY. The market maintains a balance with 4 months of supply. 22.4% of homes are selling above the list price, while 19.1% are seeing price drops. If you plan to buy, make sure to consider property taxes, insurance costs, and HOA fees.
Nationwide Migration Trends
Cost of living and climate change concerns also drive migration. Texas low tax rates and robust job market attract residents, even with a relatively high cost index of 93. On the other hand, California's high 134.5 index and wildfire risks push residents out. More buyers are beginning to weigh climate risks and affordability when it comes to their moves.
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Check the Real Estate Trends in Your State
- Alabama Housing Market
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- Arkansas Housing Market
- California Housing Market
- Colorado Housing Market
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- Delaware Housing Market
- Florida Housing Market
- Georgia Housing Market
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- Michigan Housing Market
- Minnesota Housing Market
- Mississippi Housing Market
Frequently Asked Questions
How have home prices changed in the US over the past years?
Which is the cheapest place to live in the USA?
When will housing prices drop in the US?
What are the United States housing market predictions in 2025 and beyond?
Is now a good time to sell or buy a house in America?
What's the average cost of a home in the US?
Should I wait for some time before buying houses in the US?
How can I list my home for sale in the US?
What is the average mortgage rate for buyers in the US?
When will the housing market crash in the US?
Data provided by Redfin, a national real estate brokerage.
Important Legal Disclosures
Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
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$287,500
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Deal Alert? 3D Tour 
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Price Cut: $25.05K Deal Alert? 
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Realtracs as distributed by MLS GRID
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$1,349,000
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Deal Alert? 3D Tour 
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Realtracs as distributed by MLS GRID
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$750,000
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$725,000
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$395,000
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$360,000
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Deal Alert? 3D Tour 
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$515,000
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Deal Alert? 3D Tour 
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$950,000
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Deal Alert? 3D Tour 
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$240,000
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1,448sqft
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Deal Alert? 3D Tour 
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$205,000
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1,344sqft
Townhouse for sale
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Deal Alert? 3D Tour 
0
$437,990
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2,508sqft
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Price Cut: $220.9K 3D Tour 
0
$875,000
6Bds
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6,878sqft
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MLS ID #22024474, F.C. Tucker Company
0
$249,900
3Bds
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1,575sqft
Single family for sale
MLS ID #22030172, Keller Williams Indy Metro Ne
Deal Alert? 
0
$2,999,999
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10,402sqft
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Deal Alert? 3D Tour 
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$550,000
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Deal Alert? 3D Tour 
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Weichert Realtors Centennial
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.