Home Values
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Typical Values Now:
The typical home value of homes in the United States is $331,533. This value is seasonally adjusted and only includes the middle price tier of homes. United States home values have gone up 20.3% over the past year.
The Housing supply in February 2022, the number of homes for sale was 1,068,867, down 16.2% year over year. The number of newly listed homes was 492,140 and down 3.2% year over year.
In February 2022, 47.3% of homes sold above list price, up 11.1 points year over year. There were only 6.1% of homes that had price drops, down from 6.0% of homes in February last year. There are currently 1,068,867 residential homes for sale in the United States.
Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common.
According to RenoFi, the average price of a single-family home in the U.S. could reach $382,000 by 2030. Depending on where you live.
According to data from the Social Security Administration, the average wage in the U.S. between 1996 and 2019 has increased from $24,859.17 to $51,916.27. Thanks to inflation and an increased cost of living.
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