Market Reports USA

US Real Estate Market Data 2024-2025

Comprehensive analysis of property trends, prices, and forecasts across major US markets

Last Updated
March 15, 2024

US Real Estate Market Overview

The US housing market continues to show resilience in 2024 with steady price appreciation despite higher mortgage rates. Coastal markets maintain premium valuations while Sun Belt cities continue attracting migration with affordability and quality of life advantages.

Market Outlook: Stable Growth
4.5% Overall Growth

Market Performance

Median Home Price
$412,500
+4.2% YoY
Home Sales
4.28M
-2.8% YoY
Avg Days on Market
38
+5 days YoY
Mortgage Rate (30yr)
6.75%
+0.45% YoY
US Real Estate Price Trends 2024-2025 Forecast
Property Type Distribution
Average Price by Number of Bedrooms
Price per Sq.Ft by City (2024)

Detailed Market Analysis

Property Prices by City and Bedrooms

City Bedrooms Median Price ($) Price per Sq.Ft ($) YoY Change 2025 Forecast Rental Yield
New York Studio $585,000 $1,425 +3.8% +3.2% 3.5%
1 Bedroom $825,000 $1,350 +3.5% +2.9% 3.8%
2 Bedrooms $1,250,000 $1,285 +3.2% +2.7% 4.1%
3+ Bedrooms $2,150,000 $1,225 +2.9% +2.4% 4.4%
Los Angeles Studio $495,000 $985 +4.2% +3.6% 3.8%
1 Bedroom $695,000 $925 +3.9% +3.3% 4.1%
2 Bedrooms $995,000 $885 +3.6% +3.0% 4.4%
3+ Bedrooms $1,650,000 $845 +3.3% +2.8% 4.7%
Austin Studio $325,000 $485 +5.8% +4.8% 5.2%
1 Bedroom $425,000 $465 +5.5% +4.5% 5.5%

Market Insights & Forecasts

Coastal Markets

Northeast and West Coast markets show steady but moderated growth. Inventory constraints continue to support prices despite affordability challenges from higher mortgage rates.

Luxury Segment: +4.8% Rental Demand: High
Sun Belt Growth

Southern markets continue to outperform with strong migration trends. Texas and Florida show robust price appreciation with better affordability relative to coastal markets.

Strong Growth: +6.2% Suburban Demand
Midwest Stability

Midwest markets offer relative affordability and stable price growth. Rental markets remain strong with higher yields attracting investor interest.

Affordable Markets Strong Yields

City Performance Highlights

New York

Manhattan luxury market shows resilience with international buyer interest returning. Brooklyn and Queens continue to see steady price appreciation across all segments.

Premium Areas: Manhattan, Brooklyn Heights +3.8% Growth

Austin

Tech migration continues to drive market growth despite recent moderation. Suburban expansion and new development projects support ongoing housing supply.

Key Areas: Downtown, Westlake +5.8% Growth