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Wednesday, 19 February 2020
Agent Resource Center
Agent Resource Center

Median asking price for a U.S. home hit a record $300,000 in Jan

Written by Posted On Tuesday, 21 January 2020 03:04

While the median asking price for a U.S. home hit a record $300,000 in Jan, not all housing markets are seeing the same boost, according to data from Realtor.com

Asking prices are falling in many metro areas where housing values were once running away. For example, the median list price in San Jose, California, was $1,100,050 in March. That’s the highest asking price of 500 U.S. metro areas, but it’s 11.6% lower than last year.

Median list prices in Denver and Boulder, Colorado – once-hot markets – also showed similar drops. The worst decline was in Lynchburg, Virginia, where the median ask price plummeted 37% year-over-year to $145,000.

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House with for sale sign on the front lawn.
 

Overall, 114 of the 500 markets Realtor.com surveyed experienced a fall in the median listing price. Here are the top 10.

Lynchburg, Virginia

Median list price: $145,000

Change from last year: -37%

St. Joseph, Missouri-Kansas

Median list price: $109,950

Change from last year: -21.5%

DuBois, Pennsylvania

Median list price: $101,250

Change from last year: -18.5%

Roanoke Rapids, North Carolina

Median list price: $150,050

Change from last year: -15.5%

Boulder, Colorado

Median list price: $575,050

Change from last year: -12.9%

Denver-Aurora-Lakewood, Colorado

Median list price: $475,050

Change from last year: -12.4%

Truckee-Grass Valley, California

Median list price: $479,050

Change from last year: -12%

Martinsville, Virginia

Median list price: $109,950

Change from last year: -12%

Midland, Texas

Median list price: $350,050

Change from last year: -11.6%

San Jose-Sunnyvale-Santa Clara, California

Median list price: $1,100,050

Change from last year: -11.6%

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