Housing News

This Is How Much the Typical Home Costs in Every State

Homebuyers looking for a real estate deal may want to head to…drum roll, please...West Virginia. 

The Mountain State boasted the lowest home prices in the country in June, according to Realtor.com data. The median list price was $275,000—about 37% lower than the national median price tag of $440,950.

However, prices are steadily rising in West Virginia. They increased 11.3% year-over-year in June. 

Rounding out the top three most affordable states were Louisiana and Iowa. The median home list prices in the states were $285,000 and $295,000 respectively in June, according to Realtor.com. 

Regionally, the lowest home prices were in the Midwest and South, where homebuyers can still find homes priced under $300,000 in many areas. The highest prices were in the West and Northeast (plus Hawaii) where the average buyer is paying more than twice as much as the national median price.

“Home prices have a lot to do with incomes of the people who live there and the amount of development [in the area,]” said Danielle Hale, chief economist of Realtor.com. “There aren’t as many job centers in those regions.”

The states with the highest home prices

Massachusetts had the highest home prices in the nation with a median list price of $799,450 in June, according to Realtor.com data.

The state was followed by notoriously expensive California, with a median home price of $771,500. The third most expensive state was Hawaii, where the typical home in the tropical paradise cost $766,900.

“In areas where you have a lot more people, that tends to make land and the real estate built on it, much more valuable,” said Hale.” “[Also,] in many of those high-cost states, there are good job opportunities.”

How much the typical home costs in every state:

1. West Virginia

Median list price: $275,000

Price change year-over-year: 11.3%

Median days on market: 48

 

2. Louisiana

Median list price: $285,000 

Price change year-over-year: 1.8% 

Median days on market: 71

 

3. Iowa 

Median list price: $295,000 

Price change year-over-year: -3.3% 

Median days on market: 52

 

4. Ohio 

Median list price: $295,000 

Price change year-over-year: 1.8% 

Median days on market: 37

 

5. Mississippi

Median list price: $298,745 

Price change year-over-year: -0.1% 

Median days on market: 68

 

6. Arkansas 

Median list price: $305,000 

Price change year-over-year: 2.0% 

Median days on market: 59

 

7. Kansas 

Median list price: $307,500 

Price change year-over-year: -2.4% 

Median days on market: 49

 

8. Oklahoma 

Median list price: $308,400 

Price change year-over-year: 1.8% 

Median days on market: 55

 

9. Indiana 

Median list price: $310,000 

Price change year-over-year: 0.3% 

Median days on market: 43

 

10. Missouri 

Median list price: $310,995

Price change year-over-year: 0.5% 

Median days on market: 50

 

11. Kentucky

Median list price: $315,000 

Price change year-over-year: 0.0% 

Median days on market: 50

 

12. Michigan 

Median list price: $317,000 

Price change year-over-year: 5.7% 

Median days on market: 37

 

13. Illinois 

Median list price: $325,000 

Price change year-over-year: -3.0% 

Median days on market: 37

 

14. Pennsylvania 

Median list price: $329,000 

Price change year-over-year: 1.2% 

Median days on market: 45

 

15. Alabama

Median list price: $340,000 

Price change year-over-year: 0.3% 

Median days on market: 63

 

16. Nebraska 

Median list price: $355,766 

Price change year-over-year: 0.2% 

Median days on market: 43

 

17. North Dakota

Median list price: $368,770 

Price change year-over-year: -2.7% 

Median days on market: 48

 

18. South Carolina

Median list price: $374,900 

Price change year-over-year: 4.2% 

Median days on market: 58

 

19. Texas 

Median list price: $378,000 

Price change year-over-year: -0.5% 

Median days on market: 56

 

20. South Dakota

Median list price: $395,000 

Price change year-over-year: -0.8% 

Median days on market: 46

 

21. Georgia

Median list price: $399,900 

Price change year-over-year: 0.0% 

Median days on market: 55

 

22. Wisconsin 

Median list price: $399,900 

Price change year-over-year: 1.2% 

Median days on market: 37

 

23. Minnesota 

Median list price: $399,950 

Price change year-over-year: -2.4% 

Median days on market: 39

 

24. New Mexico

Median list price: $410,048 

Price change year-over-year: 3.0% 

Median days on market: 64

 

25. North Carolina

Median list price: $425,000 

Price change year-over-year: 0.5% 

Median days on market: 54

 

26. Florida 

Median list price: $439,000 

Price change year-over-year: -2.4% 

Median days on market: 80

 

27. Tennessee

Median list price: $440,000 

Price change year-over-year: 0.0% 

Median days on market: 57

 

28. Alaska

Median list price: $449,000 

Price change year-over-year: 4.4% 

Median days on market: 47

 

29. Maryland

Median list price: $454,950 

Price change year-over-year: 4.6% 

Median days on market: 36

 

30. Virginia 

Median list price: $473,914 

Price change year-over-year: 5.3% 

Median days on market: 39

 

31. Maine

Median list price: $492,500 

Price change year-over-year: 9.7% 

Median days on market: 47

 

32. Delaware

Median list price: $495,000 

Price change year-over-year: -1.0% 

Median days on market: 50

 

33. Wyoming

Median list price: $496,741 

Price change year-over-year: 4.6% 

Median days on market: 50

 

34. Arizona 

Median list price: $497,500 

Price change year-over-year: -3.4% 

Median days on market: 64

 

35. Nevada 

Median list price: $499,900 

Price change year-over-year: -0.3% 

Median days on market: 51

 

36. Vermont 

Median list price: $523,750 

Price change year-over-year: 5.0% 

Median days on market: 46

 

37. Connecticut

Median list price: $561,725 

Price change year-over-year: 2.2% 

Median days on market: 34

 

38. New Jersey

Median list price: $579,450 

Price change year-over-year: -1.6% 

Median days on market: 37

 

39. Oregon

Median list price: $580,000 

Price change year-over-year: 0.9% 

Median days on market: 54

 

40. Rhode Island

Median list price: $599,000 

Price change year-over-year: 3.8% 

Median days on market: 32

 

41. Idaho

Median list price: $599,000 

Price change year-over-year: 3.3% 

Median days on market: 46

 

42. New Hampshire

Median list price: $599,000 

Price change year-over-year: 3.3% 

Median days on market: 37

 

43. Colorado 

Median list price: $599,950 

Price change year-over-year: -3.2% 

Median days on market: 49

 

44. Utah 

Median list price: $599,950 

Price change year-over-year: -2.4% 

Median days on market: 56

 

45. Montana 

Median list price: $649,900 

Price change year-over-year: 0.0% 

Median days on market: 53

 

46. Washington 

Median list price: $674,750 

Price change year-over-year: 2.4% 

Median days on market: 40

 

47. New York

Median list price: $692,450 

Price change year-over-year: 0.7% 

Median days on market: 53

 

48. Hawaii 

Median list price: $766,900 

Price change year-over-year: -7.6% 

Median days on market: 78

 

49. California 

Median list price: $771,500 

Price change year-over-year: -1.7% 

Median days on market: 48

 

50. Massachusetts

Median list price: $799,450 

Price change year-over-year: -0.1% 

Median days on market: 34