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Median Sales Price of New Single-Family Houses Sold Hits Record High of $316,200

Friday, September 1, 2017

For the second year in a row, the median sales price of new single-family houses sold climbed to a record high, according to the Census Bureau. The $316,200 median in 2016 was 5% greater than the $300,100 of 2015, after adjusting for inflation.

From just $235,500 in 2000, the median price of new single-family houses sold climbed rapidly in the early years of the 2000s as the housing bubble inflated, reaching a high of $296,000 in 2005 before collapsing. From that peak to the post-Great Recession low of $242,400 in 2011, the median sales price of new single-family houses sold fell 18%, after adjusting for inflation. Between 2011 and 2016, the price climbed 30%.

Median sales price of new single-family
homes sold, 2000 to 2016 (in 2016 dollars)

2016: $316,200 (record high)
2015: $300,100
2014: $286,700
2013: $277,000
2012: $256,300
2011: $242,400 (post Great Recession low)
2010: $244,100
2005: $296,000 (pre Great Recession high)
2000: $235,500

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Builder Confidence Edges Up

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Why Only 11% of Us Are Moving

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