May 2025 Home Prices Show Regional Variations

In May 2025, the U.S. median home list price was $440,000, with homes averaging 1,840 square feet and a price of $234 per square foot. Regional trends varied: New Castle County, DE, had a median price of $425,000 and Sussex County, DE, reached $559,000, both reporting more new listings than a year ago but modest or declining annual price growth. In Michigan, Emmet County’s median list price surged nearly 30% year-over-year to $799,000, while Cheboygan, St. Joseph, and Branch counties saw smaller changes. Southern markets like Chatham County, GA, and select Alabama counties reported steady or moderate price increases but remained below the national average. Days on market ranged widely, from 31 days in New Castle to over two months in Emmet and Cheboygan. These figures reflect active listings, exclude some new construction and pending transactions, and provide a snapshot of supply and pricing in various local markets.