Experts at Portland Real Estate analyzed house prices data across all 50 U.S. states to show which ones had the most substantial property value changes between January and June 2025.
Top 10 states with the highest house price increase
|
Rank |
State |
Median price in January |
Median price in June |
Price increase |
Percentage above or below the national average |
|
1 |
Michigan |
$259,945 |
$317,000 |
22% |
-31% |
|
2 |
Ohio |
$249,950 |
$295,000 |
18% |
-35% |
|
3 |
Rhode Island |
$511,225 |
$599,000 |
17% |
31% |
|
=4 |
Connecticut |
$483,700 |
$561,725 |
16% |
23% |
|
=4 |
Virginia |
$410,000 |
$473,914 |
16% |
4% |
|
5 |
Maine |
$429,725 |
$492,500 |
15% |
8% |
|
6 |
Maryland |
$399,900 |
$454,950 |
14% |
0% |
|
7 |
Washington |
$599,000 |
$674,750 |
13% |
48% |
|
=8 |
Illinois |
$289,000 |
$325,000 |
12% |
-29% |
|
=8 |
Pennsylvania |
$294,950 |
$329,000 |
12% |
-28% |
|
=9 |
West Virginia |
$247,150 |
$275,000 |
11% |
-40% |
|
=9 |
Indiana |
$278,976 |
$310,000 |
11% |
-32% |
|
=9 |
Massachusetts |
$722,425 |
$799,450 |
11% |
75% |
|
10 |
California |
$702,498 |
$771,500 |
10% |
69% |
Michigan leads the nation in home price growth with property values surging by 22% since January, the fastest rise of any state and 14 percentage points above the national average increase of 8%. Median prices jumped from $259,945 to $317,000, far outpacing the national trend but still sitting 31% below the average U.S. house price of $457,183.
In second place, Ohio home prices rose by 18% over the same period, from $249,950 to $295,000. The increase is 10 percentage points above the national average, but values remain 35% below the national benchmark.
Rhode Island takes third place with a 17% increase, pushing median prices from $511,225 to $599,000 – 31% above the U.S. average.
Connecticut and Virginia are tied for fourth, both recording a 16% rise in prices. Connecticut’s median home price grew from $483,700 to $561,725 (23% above the national average), while Virginia’s jumped from $410,000 to $473,914 (4% above the national average).
Maine ranks fifth with a 15% increase as home prices climbed from $429,725 to $492,500 – now 8% above the national average.
In sixth place, Maryland saw a 14% jump in home values, from $399,900 to $454,950, nearly matching the national average.
Washington takes seventh with a 13% increase, from $599,000 to $674,750 – a price level now 48% above the national average.
Illinois and Pennsylvania are tied for eighth place, each seeing a 12% rise in median home prices. In Illinois, prices grew from $289,000 to $325,000, now 29% below the national average, while Pennsylvania followed a nearly identical path, with values increasing from $294,950 to $329,000, placing it 28% below the U.S. average.
Following behind are West Virginia, Indiana, and Massachusetts, all tied for ninth with an 11% increase. West Virginia saw home prices rise from $247,150 to $275,000, 40% below the national average. Indiana’s values went from $278,976 to $310,000, sitting 32% below the average, while Massachusetts, already one of the most expensive markets, rose from $722,425 to $799,450 – now 75% above the national figure.
California is in tenth place with a 10% increase. Median home prices rose from $702,498 to $771,500, 69% above the national average, reflecting the state’s consistently high housing demand and cost of living.
Top three states with the lowest house price increase
|
Rank |
State |
Median price in January |
Median price in June |
Price increase |
Percentage above or below the national average |
|
1 |
Hawaii |
$804,975 |
$766,900 |
-5% |
+68% |
|
2 |
Florida |
$435,000 |
$439,000 |
1% |
-4% |
|
=3 |
Utah |
$585,000 |
$599,950 |
3% |
+31% |
|
=3 |
Arizona |
$481,388 |
$497,500 |
3% |
+9% |
|
=3 |
Delaware |
$479,895 |
$495,000 |
3% |
+8% |
|
=3 |
Mississippi |
$288,791 |
$298,745 |
3% |
-35% |
On the other hand, several states experienced minimal growth or even declines in property values during the same period.
Hawaii house prices have decreased 5% from January to June, likely due to a cooling luxury market and the tightening of buyers’ budgets due to rising interest rates and economic uncertainties. The median house value fell from $804,975 to $766,900, but remains 68% above the national average (the highest in the country).
Florida house prices have increased a mere 1% from January to June, with the median price rising from $435,000 to just $439,000, 4% below the national average. This represents a dramatic cooling in what was one of the nation’s hottest markets during and after the pandemic.
Following Florida, four states tied for the third-lowest growth, each recording a 3% increase. In Utah, the median house prices rose from $585,000 to $599,950, 31% above the national average for value, while in Arizona, the median value increased slightly from $481,388 to $497,500, just 9% above the national average.
Delaware also experienced a modest 3% increase in the first half of the year, with house prices rising from $479,895 to $495,000, 8% above the national average. In Mississippi, median home prices increased from $288,791 to $298,745 – still 35% below the national average.
In one respect, the U.S. housing market appears to be increasingly divided. The top five states account for over 40% of all price growth, with Midwestern and Northeastern states now leading the market, while formerly hot Western and Southern regions show a significant slowdown.
A spokesperson from Portland Real Estate commented on the findings, “This data shows that the first half of 2025 has brought a remarkable rebalancing in the American housing market. States like Michigan and Ohio, once seen as steady but unspectacular, are now seeing the strongest price growth in the country.
“This represents a significant shift from the pandemic and post-pandemic years, when states like Florida, Arizona and Utah dominated price growth charts. What we’re seeing now is likely the result of affordability concerns driving buyers to previously overlooked markets where housing remains relatively affordable despite recent increases.
“The cooling in previously hot markets and the actual price drop in Hawaii suggests we may be approaching a more balanced national housing market, though significant regional variations clearly remain.”
