Jaclyn DeJohn, CFP for SmartAsset

America’s most expensive housing markets in 2025

As of May 2025, the median home sale price in the U.S. hit $368,751. But in some metro areas, it’s standard for single-family homes to sell for over $1 million. In these high-cost areas, price swings may carry major consequences, such as putting existing homeowners at risk of losing equity or potentially pricing out hopeful homebuyers. At the same time, wider trends over the past few years can help both residents and local governments better prepare for the economic effects that come along with strong demand for housing.

With this in mind, SmartAsset ranked 100 of the largest U.S. metro areas based on the median sale price of homes in 2025. One-year and five-year changes in prices were also calculated t

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