In 2006 house prices in America hit an all-time high, after rising unabated for the previous ten years. Shiller’s monthly data started in 1953; before then, we have a yearly home value resolution. DQYDJ may be compensated by our advertising and affiliate partners if you make purchases through links. Below, I provide and graph historical monthly median single-family home values in the … I don’t know the condo, co-op, townhome, or multi-family market well enough to try to create proxies. These prices have been adjusted for inflation, they are the initial prices at which buyers purchased their properties. Month # of Sales: Avg List Price: Avg Sold Price: Above/Below Asking: Monthly Change ($) Monthly Change (%) Days on Market: December: 1,350: $715,837: $710,187-0.78% Fast-forward to March 2019, and median home prices were almost $309,000 nationwide—a growth of more than 70% in less than 20 years! In a sense, looking at home-price data for a country as large as the United States is weird on its face. Between 1967 and 2020: Housing experienced an average inflation rate of 4.19% per year. So, it’s about as reasonable as looking at any US-aggregated data. However, month-on-month price growth slowed considerably, down to just 0.3 percent compared to … Note the underlying sources, too (The National Association of Realtors, The Federal Housing Finance Agency, Robert Shiller, and the U.S. Bureau of Labor Statistics). For this historical data, I mashed up a few sets (and used a couple proxies) to show you these median home prices. WHAT a difference a decade makes. 3 That’s almost quadruple the growth of the previous 20-year period! This data uses the non-seasonally adjusted housing price index data from Robert Shiller and the FHFA to mash up these values. The Census Bureau provides data on median new home sales, but nothing for existing home sales. Prices in the graph have been adjusted for inflation. If you clamor enough, I’ll extend the series further back with linear interpolation. Single-family homes are mostly comparable countrywide, so this feels like a good series. It’s a bit dubious (CPI-U includes shelter), but should do a decent job of showing price level. Finally, for data back to 1991, multiply the FHFA index by 961.1275. Consider: we look at recessions on a country-level, but also recognize that some regions or industries might be in contraction while others are expanding. Each of the amounts below is equivalent in terms of what it could buy at the time: » Read more about inflation and investment. Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Housing: Below are calculations of equivalent buying power for Housing, over time, for $100000 beginning in 1967. Now for home prices today. Our interactive guide to America’s housing market. If you want to buy a house this year, you may well be paying around $199,200, the median price for a home in the U.S., according to Zillow. Prices for Housing, 1967-2020 ($100,000) According to the U.S. Bureau of Labor Statistics, prices for housing were 781.11% higher in 2020 versus 1967 (a $781,112.10 difference in value).. We can use the data only if we also substantially transform it: we do that by sampling over a year. Compared to the overall inflation rate of 3.94% during this same period, inflation for housing was This rate of change indicates significant inflation. In other words, housing costing $100,000 in the year 1967 would cost $881,112.10 in 2020 for an equivalent purchase. Below, I provide and graph historical monthly median single-family home values in the United States. There is a historical home price series using nominal prices and one adjusted for inflation. Why are you deriving historical median home values and not average? Home prices have an extensive span, and there are some wildly expensive properties in the United States. House price graphs: see House Price Graphs; Date of latest house prices: mouse over country names above. Between 1967 and 2020: Housing experienced an average inflation rate of 4.19% per year.This rate of change indicates significant inflation.