A new report from Homes.com, a leading online residential marketplace within CoStar Group, reveals that national home prices increased by 2% in September compared to the previous year, with the median price reaching $385,000 amidst rising new listings and easing mortgage rates.
Preliminary data from Homes.com indicates a continued upward trend in national home price appreciation for September. The median home price for the month stood at $385,000, reflecting a $7,000 increase from September of the prior year. This figure, while showing appreciation, remains below the June peak of $395,000. The report attributes these market improvements partly to a positive economic outlook and a reduction in mortgage rates.
The supply side of the housing market experienced notable growth in September, with new listings rising by 8.1% year-over-year. This marks the highest September listing volume recorded since 2021. Furthermore, active inventory has now exceeded pre-pandemic levels, suggesting a more balanced relationship between housing supply and demand.
Regional home price trends presented a varied picture across the United States. Among the 40 largest markets analyzed, the strongest price growth was observed in the Midwest, where some metropolitan areas registered annual gains of over 7%. Conversely, several markets in the Sun Belt region, characterized by oversupply, experienced price declines. Specifically, 10 of the top 40 markets reported flat or falling prices, while another 10, predominantly in the Midwest and Northeast, saw annual appreciation of 3% or more. Overall, nearly two-thirds of the 1,000 metros tracked by Homes.com reported price increases for the month. Homes.com notes that the data shared in this report could undergo slight changes once all home sales are fully accounted for.
Homes.com is a residential real estate marketplace and a brand of CoStar Group, which acquired the platform in 2021. Homes.com states its focus is on assisting homeowners and their agents in leveraging internet marketing to attract potential buyers to listings, enabling their members to secure 60% more listings based on internal analyses. The Homes.com Network, which includes Homes.com, the Apartments Network, and the Land Network, reached an audience of 111 million average monthly unique visitors in the second quarter ending June 30, 2025, according to Google Analytics. Consumer brand awareness for Homes.com increased from 4% to 42% in just over a year following CoStar Group’s marketing campaign launched in February 2024. Erika Ludvigsen, National Director of Residential Analytics at Homes.com, is available for further commentary on the data.
CoStar Group (NASDAQ: CSGP), headquartered in Arlington, Virginia, operates as a global provider of commercial real estate information, analytics, and online marketplaces, alongside 3D digital twin technology. Founded in 1986, the company aims to digitize the world’s real estate. Its portfolio of brands includes CoStar, LoopNet, Apartments.com, Matterport, STR, Ten-X, and OnTheMarket, in addition to Homes.com. CoStar Group’s collective websites attracted over 141 million average monthly unique visitors in the second quarter of 2025.
