In Q3 2025, home prices rose in 77% of U.S. metro markets, with the national median price at $426,800. The West had the highest median price at $633,900 but saw a slight annual decrease. The Northeast led in price growth at 6%, while the Midwest and South saw moderate increases. First-time buyers faced typical mortgage payments of $2,146, representing 37.4% of income. Price declines mainly occurred in the South due to new home construction.
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