Home Prices Rose in 78% of Metro Areas in Q3: National Median at $432,900, Up 1.7%, While the West Slipped 0.6%
The National Association of REALTORS (NAR) has released its metropolitan housing price report for the third quarter of 2026: single-family existing-home prices rose year over year in 78 percent of the roughly 235 metro areas tracked, down from 80 percent in the second quarter, and 4 percent of metros saw double-digit gains.
The national median single-family existing-home price rose 1.7 percent from a year earlier to $432,900. By region, the Northeast median was $561,500, up 4.0 percent; the Midwest $342,500, up 3.6 percent; the South $374,900, up 1.0 percent; and the West $629,000, down 0.6 percent, the only region to fall.
The fastest gains were in Gulfport-Biloxi-Pascagoula, Mississippi (up 11.0 percent), Rochester, New York (up 10.9 percent) and Jackson, Mississippi (up 10.1 percent). The most expensive metro remained San Jose-Sunnyvale-Santa Clara, California, at a median of $1,920,000.
On affordability, the monthly payment on a typical home with 20 percent down was $2,251, or 24.1 percent of household income; a first-time buyer purchasing a $368,000 starter home with 10 percent down would pay $2,208 a month, 36.3 percent of income.
NAR Chief Economist Lawrence Yun said the average homeowner has gained about $146,000 in housing wealth over the past seven years, and that prices are still rising overall but with clear regional divergence, including a correction in high-priced Western markets.
(Source: National Association of REALTORS)
Source: National Association of REALTORS
Published by GSM · USA (original Chinese edition)
Photo: San Jose与硅谷天际线（资料图），该都会区房价居全美首位。Tom Pavel 摄，CC BY 2.0，经 Wikimedia Commons。 / The San Jose and Silicon Valley skyline (file photo); the metro has the nation's highest home prices. Photo by Tom Pavel, CC BY 2.0, via Wikimedia Commons.
