The trend over time.
What Median Home Price measures.
The median sales price of new houses sold in the United States, in dollars, published quarterly by the Census Bureau and HUD. Half of the new homes sold went for more, half for less.
A median reflects what sold, so it moves with the mix of homes on the market as well as with prices. A shift toward larger or pricier homes can lift it even when like-for-like prices are flat.
Why it matters.
If you're shopping for a home, this sideways market means less bidding pressure than the frenzy of 2021-2022, but prices remain elevated compared to pre-pandemic levels. For homeowners and investors, the stability suggests the worst volatility is behind us, though gains from here won't be automatic.