40+ Most Intriguing US Housing Market Statistics for 2020

Last modified: December 7, 2020
This in-depth report covers a series of key US housing market statistics and facts, including state data, prices, and trends.

As per definition, the housing market refers to a series of aspects concerning the housing industry, including (but not limited to) the supply and demand of homes in a specific region, housing prices, affordability, ownership data, debt, and more.

Given the sheer size of the housing industry, this article will focus on analyzing several housing market statistics, providing a better understanding of housing-related availability, prices, sales, purchases, trends, and other relevant data in a number of US states, as well as from a global perspective. Considering the rising price of real estate in the US, alongside the fear of a future economic crisis, this guide will be particularly useful as of now.

To get more information on this topic, just keep on reading!

Top Housing Market Stats and Facts — A Quick Glance 

  • In 2019, the US homeownership rate was estimated at 65.1%.
  • The highest average sale price for newly-built residential property within the EU was reported in Barcelona, Spain.
  • Around 5.25 million existing houses were sold during 2019 on the US market.
  • Hong Kong takes the number 1 spot as the city with the most expensive residential property market, with an average selling price of over $1 million.
  • About 1/3 of US-based homes are worth $50,000 and $175,000, way below the national average.

General Housing Market Statistics 

1. The average price for a residential property in Singapore was estimated at $874,300 in 2019

Thus, the average Singaporean house is about 3 times more expensive when compared to a US-based property. This may suggest that US properties are cheaper when compared to other countries — yet this is only applicable in the case of a few examples, as reported by current real estate data.

Source: Statista

2. In South America, the highest average price for an apartment was reported in Brazil 

In general, pricing depends mostly on the region — hence why apartments are considerably costlier in the capital city, as well as in Rio de Janeiro. In Argentina, for instance, the average price per square foot for an apartment located in the city center is $143.53, according to real estate market statistics.

Source: Statista

3. In Australia, the average median price of a house gravitates around the $392,000 mark

The higher price does make sense considering the fact that the Australian continent is smaller, after all. Therefore, real estate here generally entails higher costs of construction.

Source: Statista

4. In the EU, the housing price index in Q2 2018 was estimated at 112.99 points, as reported by real estate market trends

It’s worth keeping in mind that housing prices rose by approximately 4.1% throughout the EU, particularly between 2018 and 2019, highlighting the fact that real estate prices are growing worldwide.

Source: Statista

5. The highest average sale price for newly-built residential property within the EU was reported in Barcelona, Spain

Yet another interesting fact about Barcelona is that it holds a significant annual price growth rate, which was recently estimated at 16.9%, according to housing market statistics by city.

Source: Statista

6. The world’s highest price-to-rent ratio for residential properties was reported in Latvia

The price-to-rent ratio is meant to allow individuals to determine whether they can save more money long-term by purchasing or renting a property.

Source: Statista

7. Hong Kong represents the world’s most expensive city in terms of housing prices, due to its $1.24 million average residential property cost

This housing market (2019) figure suggests that most people who move to Hong Kong are planning on renting a property. Nevertheless, rentals are also quite expensive. The recent HK protests, however, have lowered both sale and rental prices.

Source: Statista

8. Between 2017 and 2018, housing prices in Shanghai grew by 11.2%, due to increased market demand

As such, the Chinese real estate market made a global impact, as more and more people are actively considering the idea of moving into China’s metropoles, as reported by current housing market statistics for urban areas.

Source: Statista

9. The world’s largest increase in rental prices was marked in Lisbon, Portugal, where average rental costs increased by 21% within just 1 year

Spain also holds the second spot on this list seeing how Madrid rental rates increased by 11% during the same timeframe. Despite this, rental prices here are unable to match those reported in New York City, for instance.

Source: Statista

Housing Market Data in the US Throughout the Years 

The real estate market is known for providing low-risk and long-term profit for investors. Yet, yearly data indicates that the housing market is volatile as well. This section of the article is dedicated to analyzing market data in the US in recent years. We will mainly focus on covering the following years: 2008, 2009, 2013, 2014, and 2019.

Housing Market Statistics 2008

10. In 2008, the US homeownership rate was estimated at 67.5%

This rate refers to the number of households that are currently being occupied by their rightful owners. 2008 saw a drop in ownership rates, which continued until 2016.

Source: Statista

11. In 2008, the US home-owner vacancy rate was estimated at 2.8%, according to the United States housing market statistics

This particular rate refers to the share of houses being occupied by their rightful owners, which were put up for sale. 2008 is quite special, granted that it holds the highest rate since 1990.

Source: Statista

12. Around 1.71 million housing units were available for sale during 2008

This makes sense considering the economic crisis that was occurring during that period. More and more people sold their homes during this time-frame, to ensure financial viability.

Source: Statista

Housing Market Statistics 2009

13. In 2009, the US homeownership rate was estimated at 67.2%

Based on this, between 2008 and 2009, the homeownership rate decreased by roughly 0.3% as a smaller number of homeowners occupied their respective households.

Source: Statista

14. In 2009, the US home-owner vacancy rate was estimated at 2.6% — a rate that is equal to the one recorded in 2008, as reported by housing market statistics by year

The effects of the financial crisis can be witnessed here as well; vacancy rates did not modify at all due to the unstimulated real estate market.

Source: Statista

15. Market statistics state that 4.34 million existing homes were sold in the US during 2009

This number is quite larger when compared to the data recorded for 2008 (only 4.12 million homes); with the of the crisis, the number of annual existing house sales also increased.

Source: Statista

Housing Market Statistics 2013

16. Approximately 5.09 million existing homes were sold during 2013, as reported by Statista findings

Since 2013, the number of annual house sales remained fairly stable, as will be highlighted later on. However, newly-built home sales are not accounted for in this number.

Source: Statista

17. Data from Statista shows that 1.53 million housing units were available for sale during 2013

Our findings indicate that 2013 was the beginning of a down-trend in terms of the number of housing units available for sale.

Source: Statista

Housing Market Statistics 2014

18. According to Zillow, the value of all houses in the US was worth $27.5 trillion in 2014

The value surpassed most expectations considering the fact that it increased by $1.7 trillion between the years 2013 and 2014 alone. This marks an appreciation in real estate value of over 6.7% in a single year. Between 2012 and 2013, the growth rate was even higher, thanks to its 8% value, as reported by recent national housing market statistics.

Source: Business Insider 

19. Despite the rising value of the US housing market, only 4.94 million existing homes were sold during 2014

The number is smaller when compared to both 2013 and 2015; in both reference years, over 5 million existing homes were sold. It remains unclear as to why 2014 saw a decrease in sales despite a well-stimulated real estate market in the US.

Source: Statista

Housing Market Statistics 2019

20. Stats reveal that 56% of home buyers were unable to put down a down-payment larger than 20% of the home’s value upon making a house purchase in 2019

Lower down payments are generally to blame for long-term mortgages, leading to higher interest rates as well — hence why it is best to put down as much as possible when purchasing a new home. This statement has remained relevant through time, according to housing market statistics for the past 30 years.

Source: Statista

21. In 2019, the US homeownership rate was estimated at 65.1%

Statistics on the matter indicate that 2019 is part of an ascending trend, in terms of the homeownership rate. As such, predictions for this year suggest that the rate will slowly, yet surely increase. No records will be reached, though — the current record was reached in 2004 with a 69.2% ownership rate, according to housing market statistics.

Source: Statista

22. Around 5.25 million existing houses were sold during 2019 on the US market

According to a Statista report, the forecasted number of house sales for 2020 is even higher. Estimates point towards a total of 5.46 million existing-home sales during the current year. Of course, this number can still be influenced by a large number of factors.

Source: Statista

Housing Market Statistics by State 

This section of the article will focus on highlighting a series of state-based statistics concerning the housing market. The reason being, vast differences have been reported in recent data from a regional standpoint. Overall, house placement is one of the most important factors when it comes to property appreciation; more so in the US due to the sheer distances and the innate differences among the numerous states.

Florida Housing Market Statistics

23. Currently, there are a total of 7.3 million housing units within the state of Florida

The majority of these housing units exist in structures that were built between 1980–1989 (1.9 million), and 1970–1979 (1.6 million).

Source: Info Please

24. 1.28 million housing units in Florida have a value estimated between $50,000 and $100,000, as shown by US housing market statistics

On the other hand, only 18,000 housing units are worth over 1 million. The vast majority of housing units in this state are under the $300,000 price point.

Source: Info Please

25. In Florida, statistics estimate that 2.3 million properties are mortgaged, whereas 918,000 are not

Most people pay a monthly mortgage rate situated between $700 and $2,000. On the lower end, 12,000 housing units have a contract signed for under $300 monthly.

Source: Info Please

Utah Housing Market Statistics

26. A total of 24,226 residential building permits were issued in the state of Utah during 2018

This number is relatively higher compared to the previous decade, judging how the last time there were more building permits was back in 2006.

Source: Gardner.Utah

27. In 2018, the top five cities in terms of the number of issued residential building permits were: Herriman, Lehi, St. George, South Jordan, and Draper

The ranking differs when accounting for condominiums, townhouses, single-family units, and apartment units, as shown by recent real estate data.

Source: Gardner.Utah

28. The median sales price for single-family homes has actively increased over the past few years in Utah

Based on this, 2018 marked a 10.7% increase in housing prices, similar to 2017 which had a 9.4% increase. The last time housing prices decreased in this state was back in 2011, when a −8.8% price reduction was recorded on the real estate market.

Source: Gardner.Utah

Arizona Housing Market Statistics

29. According to the latest stats, a total of 2.1 million housing units exist in Arizona as of now

What’s more, 517,000 of these units were built between somewhere around 1970–1979, whereas another 540,000 were built between 1980–1989.

Source: Info Please

30. Over 1.9 million Arizona-based housing units are currently occupied, stats reveal 

A recent report concerning the US housing market in 2018 also highlights the fact that the median average number of rooms contained within these housing units is 5, with at least one person living in each room.

Source: Info Please

31. Around 316,000 Arizona properties are valued between 100,000 and 150,000 US dollars

The state does, however, include properties that are valued below or above the threshold; still, the $100,000–150,000 range represents the average price point. Likewise, the median value of AZ housing units is estimated at $121,000.

Source: Info Please

Minnesota Housing Market Statistics

32. Over 1 in 4 households in Minnesota spend more than 30% of their overall income on housing 

Many Americans are struggling with housing expenses, such as mortgages and taxes. Affording these costs entails cutting back on other forms of spending, such as education, food, or healthcare.

Source: The Data Bank

33. In 2015, approximately 9,300 citizens of Minnesota were homeless 

To make matters worse, it is estimated that 3,500 of these were, in fact, children. Reasons include overbearing debt for these families, foreclosures, alongside unaffordable housing expenses, such as rent, mortgages, or property taxes.

Source: The Data Bank

Housing Market Statistics by City 

34. Forecasts indicate that housing prices in Denver will increase by 2.2% by the end of 2020

This statement makes sense when considering the constant population growth in the capital city of Colorado. At the moment, the median cost for a Denver-based home is estimated at $461,000, which is considerably more than the national average, as reported by Denver housing market statistics.

Source: Norada Real Estate

35. Chicago currently has a balanced real estate market; meaning, housing prices are not expressing increased volatility

Forecast reports indicate that by the end of the year, real estate prices in Chicago (especially those for residential housing units) will not increase by more than 1%.

It’s also worth pointing out that, according to Chicago housing market statistics, the strong economy, the high employment rates, and the large number of fully-renovated homes for single families are the main reasons as to why this state makes a good investment option.

Source: Norada Real Estate

36. Over the course of a year, the value of the Las Vegas real estate market appreciated by 9%, mainly due to a large number of relocating citizens, as shown by Las Vegas housing market statistics

Based on this, forecasters estimate that price appreciation will occur at a 2.6% rate by the end of the year.

Source: Norada Real Estate

37. Atlanta offers real estate investors the possibility to purchase property at a price that is far below the national average

Reports also mention that housing units can be purchased at a median average of $127,000, making the state quite affordable according to Atlanta housing market statistics. Those who wish to rent out properties can expect a monthly cash flow of $750.

Source: Norada Real Estate

38. According to RealtyTrac, a total of 169 properties are currently involved in a foreclosure procedure in Seattle 

In other words, 0.2% of homes (on average) are foreclosed in Seattle, which is much lower compared to the national average of 1.1%, as per Seattle housing market statistics.

Source: Norada Real Estate

39. For the past year, the value of the real estate market in Toronto has increased by a whopping 18.1% 

Toronto’s recent growth has urged us to include it on our list as well, despite the fact that we are dealing mostly with US-related stats. Nevertheless, housing unit prices have reached an all-time high here of $980,000 (on average) in 2020; 2019 had a reported average of  $887,000 for two-bedroom units.

In addition, Toronto housing market statistics indicate that due to high demand, a new house listing spends just 15 days (on average) on the market, prior to being sold. Experts are currently unsure of whether this trend will continue in the future as well, or whether Toronto’s recent performance may suggest a real estate bubble forming in the background; whatever the case, we’ll just have to wait and see.

Source: Zolo

Housing Prices Statistics

40. Hong Kong takes the number 1 spot as the city with the most expensive residential property market

In HK, the average property sells for $1.23 million, which is at least $0.3 million more when compared to its first runner-up, Singapore, with an average sales price of $874,000. Other high-ranking cities include Shanghai, Vancouver, Shenzhen, Los Angeles, New York, London, Beijing, and Paris. This list is somewhat different when compared to housing market statistics from the past 20 years.

Source: Statista

41. About 1/3 of US-based homes are worth $50,000 and $175,000, way below the national average

To put this into perspective, the average sales price of a new US-based home was estimated at $385,000 in 2018.

Source: Statista

42. The most expensive house ever sold in the US was a luxury penthouse situated in a New York skyscraper, with a selling price of $238 million

The property was purchased in January 2019 by a hedge-fund manager worth $8.84 billion. In terms of actual houses, the record for the most expensive sale is held by a 13,000 square-foot mansion in Beverly Hills with a mind-boggling price tag of $165 million, current US housing market statistics reveal.

Source: Business Insider

Housing Market and the Insurance Industry 

All in all, it comes as no surprise that the home insurance industry earns considerable profits from insuring so many high-value properties. While high and dynamic real estate prices stimulate the market and encourage investors, numerous Americans are having a hard time affording their housing-related expenses. Purchasing a house is becoming increasingly hard for those with lower incomes, leading to increased demand for renting.

Lastly, we hope that our housing market statistics will help analysts, brokers, lenders, investors, and the general public gain a better insight into the current state of the market.


How do you find the average value of a home?

There are a number of ways: you can use statistics to get a general idea of the average prices in the area or you can ask your broker to conduct a comparative market analysis. Zillow estimates show that the median sale price of US-based houses is around $226,000.

What age group buys the most houses?

Current stats indicate that people aged 36 and younger buy the most houses in the US. Their share is estimated at 34% of all sales, according to recent NAR statistics.

Will the housing market crash in 2020?

Numerous experts point towards a financial crisis, yet housing demand is bound to remain high as everyone needs a place to live.

Is 2020 a good year to sell a house?

Currently, there aren’t any signs of record-breaking price increases, yet the market demand remains relatively high. Similarly, prices are ideal at the moment — hence why experts encourage homeowners to sell their properties.

Do house prices drop in a recession?

Despite what common sense would suggest, a recession does not bring a huge drop in home prices. For instance, price increases were reported during the 2001 recession in the US, according to housing market statistics of that period.

List of Sources: