Redfin Reports U.S. Home Prices Ticked Up 0.25% in September
Monthly price gains reached 34 of the 50 most populous U.S. metros, while annual declines were concentrated in Texas and Seattle.
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Rhea-AI Summary
Redfin, powered by Rocket (RKT), reported that U.S. home prices rose 0.25% month over month in September. The seasonally adjusted increase followed 0.21% in August. Prices rose 3.8% year over year, the fastest annual growth since June 2025. September data covers the three months ending September 30, 2026.
Prices increased monthly in 34 of the 50 most populous U.S. metros, led by Philadelphia at 1.9% and Pittsburgh at 1.3%. Miami also gained 1.3%, while Chicago and San Francisco each rose 1%. Prices fell in 16 metros, led by Fort Worth at 0.9% and New Brunswick at 0.6%. Dallas, Seattle and Nassau County each declined 0.4%.
San Francisco led annual gains at 14%, followed by West Palm Beach at 10.4% and Chicago at 10.3%. Annual prices declined in six major metros, five in Texas plus Seattle; San Antonio had the largest drop at 2.1%.
Details
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Key Figures
- Home prices, month over month
- 0.25%
- U.S., September, seasonally adjusted
- Home prices, year over year
- 3.8%
- U.S., September; fastest annual growth since June 2025
- Metros with month-over-month price increases
- 34 of 50
- Most populous U.S. metros, September
- Metros with month-over-month price declines
- 16 of 50
- Most populous U.S. metros, September
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Home prices rose
0.25% nationwide in September, up slightly from0.21% in August - Prices grew month over month in 34 of the 50 most populous
U.S . metros, with the fastest growth inPhiladelphia andPittsburgh - Prices declined in 16 metros, led by
Fort Worth , a major buyer's market
This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in single-family home prices. The RHPI measures how sale prices of homes have changed since their previous sale. September data covers the three months ending Sept. 30, 2026.
Prices are still climbing a little each month even though buyers have more negotiating power than they've had in over a decade. That's partly because many homeowners have built up enough equity that they'd rather wait than accept a lowball offer, and because some are delisting, which keeps a floor under prices. Stronger demand in the luxury market is also propping up prices.
Home Prices Are Rising Most in
Home prices rose in 34 of the 50 most populous
The biggest increases were in
On a year-over-year basis, prices rose most in
Home Prices Are Falling Most in
Home prices fell in 16 of the 50 most populous
The biggest price declines were in
On a year-over-year basis, prices dipped in just six major metros, five in
To read the full report, including charts and additional metro-level data, please visit: https://www.redfin.com/news/home-price-index-september-2026
About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin's clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.
You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.
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SOURCE Redfin
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did U.S. home prices rise in Redfin's September 2026 report?
U.S. home prices increased 0.25% month over month on a seasonally adjusted basis and 3.8% year over year in September. The monthly increase followed 0.21% in August, and annual growth was the fastest since June 2025.
How does Redfin calculate its Home Price Index?
The Redfin Home Price Index uses repeat sales to measure seasonally adjusted changes in single-family home prices. It tracks how a home's sale price has changed since its previous sale. September data covers the three months ending September 30, 2026.
Why does Redfin say home prices are rising despite buyers having more negotiating power?
Redfin attributes continued price increases partly to homeowners with enough equity to wait rather than accept lower offers, sellers removing listings, and stronger luxury-market demand. The company says these factors support prices even as buyers have more negotiating power than they have had in over a decade.