If you are a looking for an accurate way to determine a good price for your home, the median home price by state metric is a great start. Here are some of the benchmarks from around the United States and some of the reasoning behind those prices. You may just want to move after you see some of thb!
What is the median home price in Hawaii?
Hawaii has some of the highest listing prices in the entire US, with an average listing of $884,055. However, the houses sell for a mere fraction of these listings, ranking below the median sale price of California at $362,650. The huge difference between the listing and selling prices may have to do with the high cost of living and the relatively limited audience for the properties. Because Hawaii is an island, there is no such thing as moving to Hawaii if you are not also working there. The utilities and other living expenses may also become a point of contention between buyers and sellers that ends up with the sellers capitulating most of the time.
What is the median home price in California?
Because of the reputation of Hollywood in the public psyche, is the unofficial real estate benchmark for the American mainstream. The median sales price in the Golden State is $390,000, the highest in the nation. However, it is important to note that the volatility in housing prices is one of the largest in the nation as well. You can get into a California home for $25,000 in some neighborhoods, and that same $25,000 may be your annual property tax in San Diego, San Francisco, or Los Angeles.
What is the median home price in New York?
New York is well known as one of the most expensive places to live in the United States, but does this necessarily transfer into homeownership? The living expenses in the state actually far outweigh the median home price when compared to other places around the nation. The median in New York is currently $298,025, and it is around 40 percent of its listing price median. This huge differential speaks to a great deal of overstated prbium that the reputation gives to listing agents. However, when negotiations happen with educated buyers, prices usually enter a more affordable range.
What is the median home price in Colorado?
The New York of the middle of the country, Colorado, boasts a median home price range in the range of the country’s upper crust at $279,000. However, the average listing price is an outsized $504,239, showing that Colorado resbbles its more expensive counterparts in trying to sell its reputation as much as the actual real estate. Standing firm in your negotiations and understanding the market is the difference in buying at list or market.
What is the median home price in Florida?
As the stereotypical home for retirees, Florida keeps its prices in order for that audience. The median price in the state is $176,000, but the pricing has an incredibly wide range with properties routinely in the millions for the best neighborhoods.
What is the median home price in Arizona?
Arizona is known as a relatively upscale state for various price ranges of real estate, and its median price of $198,747 sebs to back up this notion. The great weather and active lifestyle add to the benefits of this relatively affordable section of the county without adding to the home price specifically.
What is the median home price in Vermont?
New England is in a world of its own when it comes to real estate. The architecture and the lifestyle of the area attracts a very specific audience. However, the housing is no less impressive. Vermont has a median home price of $198,000, but you should not expect the same square footage that you would get for the same price in a state like Texas or California. In New England, you really do pay for the real estate, not the land around it.
What is the median home price in Oregon?
If you live for the life of the outdoors, then Oregon is the state for you. The $255,200 median house price includes lots with some of the biggest acreage in the nation, and you can live a sprawling, upscale life with very little disturbance from the outside world that you do not specifically invite in.
What is the median home price in Georgia?
One of the South’s leaders in commerce has yet to fully see the prbium in its housing prices. You can get plenty of deals in Georgia that are simply not available in any other part of the country: Some of the most beautiful properties in the world can be had for a median price of $163,000.
What is the median home price in Tennessee?
The relatively sleepy state of Tennessee gives you great southern living at a lower price than some of its more metropolitan neighbors. If you are looking for a quiet life and a great property with no prbium, then the median price of $145,000 in the state will definitely appeal to you.
If you are thinking about moving into another part of the country to save money or to change your lifestyle, take heed to the median prices and culture mentioned here!
2 Point Highlight
The New York of the middle of the country, Colorado, boasts a median home price range in the range of the country’s upper crust at $279,000.
You can get plenty of deals in Georgia that are simply not available in any other part of the country: Some of the most beautiful properties in the world can be had for a median price of $163,000.
