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U.S. Starter Home Prices Hit Record $260,508 in August

Median sale prices for starter, mid, and high-tier homes all climbed year-over-year, reaching near or at record highs across the U.S. housing market.

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Terms & Concepts
  • Median Sale Price: The midpoint price of homes sold in a given period, with half selling above and half below this amount.
  • Starter Home: A smaller, typically lower-priced home aimed at first-time buyers entering the housing market.
  • Year-over-Year (YoY) Growth: A comparison of an indicator's value against the same period in the previous year to assess change over time.