Homes.com Report: U.S. Home Price Appreciation Remained Muted in October

Nationwide Median Price Increased Slightly in October, and Year-Over-Year Growth Slowed.

ARLINGTON, Va.--(BUSINESS WIRE)-- Homes.com, a CoStar Group leading online residential marketplace, released a new report today analyzing home price trends in October, including details across major metros and house types.

Price data collected to date showed moderate home price appreciation in October, with the nationwide median rising 1.3% compared to the same month last year. The median sale price rose to $385,000, up $5,000 from October 2024, but below the peak of $395,000 recorded in June 2025. In fact, the month-over-month increase of 0.4% in October was less than usually observed for October-selling homes.

The housing market generally lacked energy in October, with lower mortgage interest rates, which dipped to 6.17% by the end of October, failing to stimulate substantial buying activity and therefore exerting little upward pressure on home prices. On the supply side, new listings rose 10.1% year over year, marking the highest October listing volume since 2021. Active inventory has now surpassed pre-pandemic levels, inviting buyers to take advantage of improved homebuyer affordability.

“Buyers have been cautious, likely reflecting uncertainty about the national macroeconomic situation as well as the affordability barrier,” said Brad Case, Chief Residential Economist for Homes.com. “But the combination of subdued price growth, lower mortgage interest rates, and wider inventory sets the stage for increased buyer activity going forward.”

The Midwest region continued to outpace other parts of the country, with year-over-year median price growth exceeding 5% in Cleveland, Kansas City, Chicago, Detroit, Cincinnati, and St. Louis. In contrast, the median home price declined year over year in nearly one-third of the almost 1,000 markets tracked by Homes.com, with price declines especially notable in several Sun Belt markets that continue to face oversupply issues (including Jacksonville, Atlanta, San Antonio, and Houston) as well as in several relatively expensive West Coast markets (including San Francisco, San Jose, Portland, and San Diego).

The data shared in this report could change slightly as additional home sales are recorded. Brad Case, Chief Residential Economist, is available for interviews to provide insights on the data and the residential real estate market in general. For more information and insights on the latest home buying and selling market trends, visit Homes.com.

About Homes.com

Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 60% more listings* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 115 million average monthly unique visitors in the third quarter ending September 30, 2025.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.

*Based on internal analyses comparing Members to non-Members on Homes.com.

** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended September 30, 2025, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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Media Contact:

News Media Contact

Matthew Blocher

CoStar Group

(202) 346-6775

mblocher@costargroup.com

Source: CoStar Group