In 2024, U.S. home prices are steadily rising across nearly every state in America.
Overall, home prices rose 6.6% annually as of the first quarter of 2024, the highest increase since 2022. A combination of low inventory and homeowners’ reluctance to sell is driving up home values as interest rates remain persistently high.
The above graphic shows the growth in house prices by state in 2024, based on data from the Federal Housing Finance Agency.
Where Are Home Prices Rising the Fastest?
Below, we show the states with the greatest year-over-year home price growth in Q1 2024:
Source: www.visualcapitalist.com
