average home sale price

Average Home Sale Price

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Date Average Home Sale Price
Mar 2016 $186,000
Oct 2015 $180,800
Oct 2014 $175,000
Feb 2013 $152,000
May 2012 $146,000
Dec 2011 $147,900
July 2011 $187,000
Aug 2010 $248,800
Feb 2008 $301,200
Nov 2003 $268,300
Sep 1999 $194,800
Aug 1995 $162,000
July 1991 $148,200
Jun 1987 $135,800
May 1983 $88,000
Apr 1979 $71,000
Jan 1975 $39,000
Date Median Home Sale Price
Dec 1974 $37,400
Mar 1971 $24,300
Feb 1967 $22,400
Jan 1963 $17,200
Rank State Average Home Prices and Value
1 Hawaii $547,600
2 Washington D.C. $489,000
3 California $448,000
4 Massachusetts $335,000
5 New Jersey $282,500
6 Colorado $279,900
7 Washington $277,000
8 Alaska $260,900
9 New York $256,300
10 Maryland $254,600
11 Oregon $252,800
12 Connecticut $237,400
13 Virginia $230,200
14 New Hampshire $222,600
15 Rhode Island $222,400
16 Vermont $218,800
17 Utah $214,800
18 Nevada $204,300
19 Delaware $201,200
20 Arizona $194,600
21 North Dakota $190,500
22 Montana $188,200
23 Wyoming $184,000
24 Minnesota $181,700
25 Florida $175,300
26 Idaho $170,200
27 South Dakota $166,900
28 New Mexico $164,700
29 Illinois $157,200
30 Wisconsin $156,800
31 Pennsylvania $151,500
32 North Carolina $148,200
33 Texas $146,100
34 Louisiana $144,200
35 Georgia $141,900
36 Nebraska $136,700
37 South Carolina $135,300
38 Missouri $132,200
39 Iowa $130,900
40 Tennessee $129,600
41 Kansas $129,000
42 Kentucky $126,800
43 Maine $122,000
44 Alabama $121,800
45 Michigan $120,000
46 Ohio $117,300
47 Arkansas $113,800
48 Indiana $113,300
49 Oklahoma $112,200
50 Mississippi $112,200
51 West Virginia $88,900
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The median home value in the United States is $189,900.

United States Housing Market
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their location, a key factor in valuation)

There can be differences between what the property is really worth (market value) and what it cost to buy it (price). A price paid might not represent that property's market value.
Statistic Verification
Source: Statistic Brain Research Institute, Trulia, Zillow
Research Date: March 1st, 2016

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