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Your Source For Larimer, Weld & Boulder County Real Estate

What’s the Median Home Value in Your State? – By Catherine Wood

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.

In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors.

 

What’s the Median Home Value in Your State? | Simplifying The Market

Demand often dictates value, even for houses in the same area of the country! High demand for starter and trade-up homes have driven prices up in these categories by nearly 10% over the past year, while those in the premium markets have appreciated at closer to 6%.

Bottom Line

If you are debating whether or not to buy and/or sell a home this year, let’s get together to help you figure out exactly what’s going on in our market.

Catherine Wood
Broker Associate
RE/MAX NEXUS
303.931.9746
Serving the Front Range Since 1989

RE/MAX NEXUS

11409 Business Park Circle, Suite 100

Firestone, CO 80504

 

Office: 970-295-4760

Fax: 720-247-9228

Email: Homes@NexusForSale.com