Summary
A new report by Realtor.com shows that home prices in the United States have risen significantly over the last 50 years, with the largest increases happening on the West Coast. San Jose experienced the highest growth, with home values up 396 percent since 1975. Meanwhile, some Midwestern and Southern cities saw much smaller increases in property values.
Key Facts
- San Jose, California, had the highest increase in home prices since 1975, with a 396% rise.
- By 2024, San Jose's median single-family home price surpassed $2 million.
- As of September 2025, San Jose had a median home listing price of $1.36 million, making it the most expensive in the U.S.
- Other cities with large increases include San Francisco (300%), Los Angeles (292%), Seattle (280%), San Diego (271%), and Portland (154%).
- In the East, Boston saw a 196% increase, and New York had a 161% rise in home values.
- Memphis and Cleveland had only 2% growth in home values since 1975, among the smallest increases recorded.
- As of September, Pittsburgh had the lowest median home listing price among major U.S. cities at $254,950.
- Redfin predicts a slight decrease in U.S. home prices by the end of the year, compared to 2024.
