Median US Home-Sale Price Hits a Record $400,894: Report

Mortgage rates have risen since late February, which combined with high home prices, have made homes less affordable.

A 'For Sale' sign is posted beside property for sale in Alhambra, California, on August 28, 2025. Home sales across the country have slowed as interest rates remain a critical barrier to buyers with less than 30% of US homes now affordable for the typical US household, according to a Realtor.com report. Photo by Frederic J. BROWN / AFP

The median sales price of a home in the United States hit $400,894 for the four weeks ending June 7, a record high and up 1.5 percent from a year back, real estate brokerage Redfin said in a June 11 statement.

The jump in sales price is happening even though there are currently more sellers than buyers in the market, with prices being supported by tight supplies, the company said. Chen Zhao, head of Redfin’s economics research, said that prices crossing the $400,000 threshold is an indication of how difficult it is for many Americans to become homeowners.