Whether you’re interested in buying or selling a home, it’s important to know how much homes are currently costing in your area so you can gauge the real estate market. Home values are estimates of how much someone is willing to pay for a home in a given area.
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To find the average home price in every state, GOBankingRates used the Zillow Home Value Index to find the August 2023 and August 2022 median home value for each state. This allowed us to calculate the year-over-year change in dollars and percent.
Although these home value estimates from Zillow aren’t official appraisals, they’re a good starting point to help you figure out how much your home is worth in your state.
Alabama
- August 2022 Median Home Value: $217,932.45
- August 2023 Median Home Value: $220,663.56
- Year-over-Year Percentage Change: 1.25%
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Alaska
- August 2022 Median Home Value: $370,120.54
- August 2023 Median Home Value: $370,645.33
- Year-over-Year Percentage Change: 0.14%
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Arizona
- August 2022 Median Home Value: $467,582.89
- August 2023 Median Home Value: $431,911.95
- Year-over-Year Percentage Change: -7.63%
Arkansas
- August 2022 Median Home Value: $195,189.79
- August 2023 Median Home Value: $198,501.94
- Year-over-Year Percentage Change: 1.70%
California
- August 2022 Median Home Value: $786,405.83
- August 2023 Median Home Value: $764,721.54
- Year-over-Year Percentage Change: -2.76%
Colorado
- August 2022 Median Home Value: $573,053.67
- August 2023 Median Home Value: $549,171.97
- Year-over-Year Percentage Change: -4.17%
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Connecticut
- August 2022 Median Home Value: $383,360.92
- August 2023 Median Home Value: $407,740.96
- Year-over-Year Percentage Change: 6.36%
Delaware
- August 2022 Median Home Value: $361,899.77
- August 2023 Median Home Value: $371,609.08
- Year-over-Year Percentage Change: 2.68%
District of Columbia (D.C.)
- August 2022 Median Home Value: $755,797.39
- August 2023 Median Home Value: $723.081.23
- Year-over-Year Percentage Change: -4.33%
Florida
- August 2022 Median Home Value: $407,261.74
- August 2023 Median Home Value: $408,118.28
- Year-over-Year Percentage Change: 0.21%
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Georgia
- August 2022 Median Home Value: $318,838.59
- August 2023 Median Home Value: $320.922.92
- Year-over-Year Percentage Change: 0.65%
Hawaii
- August 2022 Median Home Value: $1,002,124.01
- August 2023 Median Home Value: $972,884.84
- Year-over-Year Percentage Change: -2.92%
Idaho
- August 2022 Median Home Value: $485,479.54
- August 2023 Median Home Value: $445,298.27
- Year-over-Year Percentage Change: -8.28%
Illinois
- August 2022 Median Home Value: $250,595.69
- August 2023 Median Home Value: $256,600.41
- Year-over-Year Percentage Change: 2.40%
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Indiana
- August 2022 Median Home Value: $227,145.93
- August 2023 Median Home Value: $234,165.99
- Year-over-Year Percentage Change: 3.09%
Iowa
- August 2022 Median Home Value: $211,075.88
- August 2023 Median Home Value: $216,698.61
- Year-over-Year Percentage Change: 2.66%
Kansas
- August 2022 Median Home Value: $211,600.33
- August 2023 Median Home Value: $220,219.76
- Year-over-Year Percentage Change: 4.07%
Kentucky
- August 2022 Median Home Value: $191,427.65
- August 2023 Median Home Value: $197,759.76
- Year-over-Year Percentage Change: 3.31%
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Louisiana
- August 2022 Median Home Value: $209,189.39
- August 2023 Median Home Value: $201,120.89
- Year-over-Year Percentage Change: -3.86%
Maine
- August 2022 Median Home Value: $370,744.08
- August 2023 Median Home Value: $387,523.51
- Year-over-Year Percentage Change: 4.53%
Maryland
- August 2022 Median Home Value: $411,477.35
- August 2023 Median Home Value: $418,999.69
- Year-over-Year Percentage Change: 1.83%
Massachusetts
- August 2022 Median Home Value: $593,946.48
- August 2023 Median Home Value: $610,853.88
- Year-over-Year Percentage Change: 2.85%
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Michigan
- August 2022 Median Home Value: $232,325.30
- August 2023 Median Home Value: $235,827.22
- Year-over-Year Percentage Change: 1.51%
Minnesota
- August 2022 Median Home Value: $337,706.72
- August 2023 Median Home Value: $336,904.78
- Year-over-Year Percentage Change: -0.24%
Mississippi
- August 2022 Median Home Value: $180,009.42
- August 2023 Median Home Value: $176,829.86
- Year-over-Year Percentage Change: -1.77%
Missouri
- August 2022 Median Home Value: $235,002.18
- August 2023 Median Home Value: $240,768.18
- Year-over-Year Percentage Change: 2.45%
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Montana
- August 2022 Median Home Value: $463,646.14
- August 2023 Median Home Value: $456,074.42
- Year-over-Year Percentage Change: -1.63%
Nebraska
- August 2022 Median Home Value: $244,952.78
- August 2023 Median Home Value: $255,266.79
- Year-over-Year Percentage Change: 4.21%
Nevada
- August 2022 Median Home Value: $471,754.61
- August 2023 Median Home Value: $433,802.11
- Year-over-Year Percentage Change: -8.04%
New Hampshire
- August 2022 Median Home Value: $451,681.51
- August 2023 Median Home Value: $473,379.61
- Year-over-Year Percentage Change: 4.80%
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New Jersey
- August 2022 Median Home Value: $484,902.57
- August 2023 Median Home Value: $509,666.68
- Year-over-Year Percentage Change: 5.11%
New Mexico
- August 2022 Median Home Value: $286,674.08
- August 2023 Median Home Value: $294,313.87
- Year-over-Year Percentage Change: 2.66%
New York
- August 2022 Median Home Value: $413,588.67
- August 2023 Median Home Value: $426,660.95
- Year-over-Year Percentage Change: 3.16%
North Carolina
- August 2022 Median Home Value: $319,707.38
- August 2023 Median Home Value: $322,789.39
- Year-over-Year Percentage Change: 0.96%
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North Dakota
- August 2022 Median Home Value: $261,648.28
- August 2023 Median Home Value: $262,048.76
- Year-over-Year Percentage Change: 0.15%
Ohio
- August 2022 Median Home Value: $213,478.57
- August 2023 Median Home Value: $220,798.59
- Year-over-Year Percentage Change: 3.43%
Oklahoma
- August 2022 Median Home Value: $193,974.32
- August 2023 Median Home Value: $199,764.60
- Year-over-Year Percentage Change: 2.99%
Oregon
- August 2022 Median Home Value: $519,208.68
- August 2023 Median Home Value: $502,426.45
- Year-over-Year Percentage Change: -3.23%
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Pennsylvania
- August 2022 Median Home Value: $252,485.85
- August 2023 Median Home Value: $258,741.53
- Year-over-Year Percentage Change: 2.48%
Rhode Island
- August 2022 Median Home Value: $429,117.19
- August 2023 Median Home Value: $446,633.41
- Year-over-Year Percentage Change: 4.08%
South Carolina
- August 2022 Median Home Value: $283,905.21
- August 2023 Median Home Value: $288,530.77
- Year-over-Year Percentage Change: 1.63%
South Dakota
- August 2022 Median Home Value: $295,145.58
- August 2023 Median Home Value: $297,880.95
- Year-over-Year Percentage Change: 0.93%
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Tennessee
- August 2022 Median Home Value: $307,440.74
- August 2023 Median Home Value: $310,926.83
- Year-over-Year Percentage Change: 1.13%
Texas
- August 2022 Median Home Value: $310,054.43
- August 2023 Median Home Value: $303,703.03
- Year-over-Year Percentage Change: -2.05%
Utah
- August 2022 Median Home Value: $550,130.97
- August 2023 Median Home Value: $519,840.69
- Year-over-Year Percentage Change: -5.51%
Vermont
- August 2022 Median Home Value: $384,221.02
- August 2023 Median Home Value: $398,737.03
- Year-over-Year Percentage Change: 3.78%
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Virginia
- August 2022 Median Home Value: $367,490.75
- August 2023 Median Home Value: $378,609.65
- Year-over-Year Percentage Change: 3.03%
Washington
- August 2022 Median Home Value: $611,682.33
- August 2023 Median Home Value: $587,414.79
- Year-over-Year Percentage Change: -3.97%
West Virginia
- August 2022 Median Home Value: $155,077.91
- August 2023 Median Home Value: $158,495.35
- Year-over-Year Percentage Change: 2.20%
Wisconsin
- August 2022 Median Home Value: $281,882.76
- August 2023 Median Home Value: $297,157.79
- Year-over-Year Percentage Change: 5.42%
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Wyoming
- August 2022 Median Home Value: $331,524.84
- August 2023 Median Home Value: $340,438.77
- Year-over-Year Percentage Change: 2.69%
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Lia Sestric contributed to the reporting for this article.
Methodology: To find the average home price in every state, GOBankingRates used the Zillow Home Value Index to find the August 2023 and August 2022 median home value for each state. This allowed us to calculate the year-over-year change in dollars and percent. All data was collected and is up-to-date as-of October 11th, 2023.
This article originally appeared on GOBankingRates.com: Housing Market 2024: Here’s the Average Home Price in Every State
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