06/08/2025
10 Priciest Markets in the U.S.
Not surprisingly, eight of the 10 priciest markets in the U.S. are in California, proving the Golden State remains a hot spot. And many of these markets continue to see home price gains.
“Very expensive home prices partly reflect multiple years of home underproduction in those metro markets,” Yun says. “Another factor is the low homeownership rates in these areas, implying more unequal wealth distribution. Affordable markets tend to have more adequate supply and higher homeownership rates.”
NAR’s latest report revealed the following markets registered the highest home prices in the country in the first quarter:
San Jose-Sunnyvale-Santa Clara, Calif.: $2.02 million, up 9.8% annually
Anaheim-Santa Ana-Irvine, Calif.: $1.45 million, up 6.2%
San Francisco-Oakland-Hayward, Calif.: $1.32 million, up 1.5%
Urban Honolulu, Hawaii: $1.165 million, up 7.3%
San Diego-Carlsbad, Calif.: $1.04 million, up 5.7%
Salinas, Calif.: $954,700, up 6.2%
San Luis Obispo-Paso Robles, Calif.: $953,400, up 4.8%
Oxnard-Thousand Oaks-Ventura, Calif.: $931,500, up 2.5%
Naples-Immokalee-Marco Island, Fla.: $865,000, up 1.8%
Los Angeles-Long Beach-Glendale, Calif.: $862,600, up 4.8%
You can always see the latest housing data from NAR at nar.realtor/research-and-statistics.
Ron Teixeira
Selling Local Properties for 38 years
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