Posted similar chart last month, updated with most recent data.
Source: Zillow Research
Made in Google Sheets
The cities pictured are the primary principal cities of the 50 largest US metropolitan statistical areas (MSAs). I wanted to specifically look at prices in the “urban cores” of these regions. There’s only one principal city for each metro area included. So for example, the city of Dallas was used from the Dallas-Fort Worth-Arlington MSA.
Some notable highlights that aren’t necessarily displayed in the chart:
San Jose, San Francisco, and San Diego have the highest values at $1.45 million, $1.37 million, and $1 million, respectively, with SF being the only one with YoY gains and the highest gain of all included cities at that.
Detroit has the lowest value by far at $76,488 ($40k lower than next lowest, Cleveland), and third steepest YoY decline.
San Francisco also saw the highest month-over-month increase at 0.84%. Detroit saw largest month-over-month decrease at -0.89%.
dallassoxfan on
Yet the dallas central appraisal district somehow values everyone’s houses 5-10% more for tax valuation.
jesyvut on
I live near Austin. After COVID prices increased at an insane rate, just absurdly fast. It’s still not great but the market is adjusting and the inflow rate of people has slowed a bit, as well.
Kalorama_Master on
DC is brutal. We went from getting unsolicited offers on our unit after open houses in our building selling units in hours to prices being down closer to 10pct
spottie_ottie on
You can really feel the pendulum swing back post COVID. We moved out of SF where housing was dropping to Vegas where housing was skyrocketing. Now they’re switched as the extreme situation has normalized
[deleted] on
[deleted]
Rough-Yard5642 on
You guys should see some of the bidding wars and open houses (even for rentals) out here in San Francisco. It’s absolutely nuts, haven’t seen anything like it since I first moved here back in 2014.
ArkGuardian on
The fact that San Francisco has moved the opposite direction from San Jose and Seattle show which companies have benefitted from the AI rush.
BatmanVsWild on
Haha, Denver coming in at 4.20%. That feels like we did it on purpose.
weluckyfew on
Austin here – prices went insane for several years. People moving here because they could WFH during covid, OpenDoor and Zillow were tripping over each other making outrageous offers to get their numbers up (look at how many houses we purchased, our business model must be great!), and low interest rates made everyone want a house.
Fast forward several years – people who came here from California realized the climate sucked (compared to Southern CA), a lot of WFH got recalled, Zillow stopped buying homes and OpenDoor shifted their strategies and stopped shoveling cash at homeowners.
Platos-ghosts on
Unlike other cities Manhattan had flat prices from 2015-2025. Finally going up it seems.
Sea_no_evil on
See that San Francisco swing toward increasing prices? See that Austin swing in the opposite direction? Know what that means?
Absolutely nothing, except that those are two very dynamic markets. Ignore any related culture war narratives.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
12 Kommentare
Posted similar chart last month, updated with most recent data.
Source: Zillow Research
Made in Google Sheets
The cities pictured are the primary principal cities of the 50 largest US metropolitan statistical areas (MSAs). I wanted to specifically look at prices in the “urban cores” of these regions. There’s only one principal city for each metro area included. So for example, the city of Dallas was used from the Dallas-Fort Worth-Arlington MSA.
Some notable highlights that aren’t necessarily displayed in the chart:
San Jose, San Francisco, and San Diego have the highest values at $1.45 million, $1.37 million, and $1 million, respectively, with SF being the only one with YoY gains and the highest gain of all included cities at that.
Detroit has the lowest value by far at $76,488 ($40k lower than next lowest, Cleveland), and third steepest YoY decline.
San Francisco also saw the highest month-over-month increase at 0.84%. Detroit saw largest month-over-month decrease at -0.89%.
Yet the dallas central appraisal district somehow values everyone’s houses 5-10% more for tax valuation.
I live near Austin. After COVID prices increased at an insane rate, just absurdly fast. It’s still not great but the market is adjusting and the inflow rate of people has slowed a bit, as well.
DC is brutal. We went from getting unsolicited offers on our unit after open houses in our building selling units in hours to prices being down closer to 10pct
You can really feel the pendulum swing back post COVID. We moved out of SF where housing was dropping to Vegas where housing was skyrocketing. Now they’re switched as the extreme situation has normalized
[deleted]
You guys should see some of the bidding wars and open houses (even for rentals) out here in San Francisco. It’s absolutely nuts, haven’t seen anything like it since I first moved here back in 2014.
The fact that San Francisco has moved the opposite direction from San Jose and Seattle show which companies have benefitted from the AI rush.
Haha, Denver coming in at 4.20%. That feels like we did it on purpose.
Austin here – prices went insane for several years. People moving here because they could WFH during covid, OpenDoor and Zillow were tripping over each other making outrageous offers to get their numbers up (look at how many houses we purchased, our business model must be great!), and low interest rates made everyone want a house.
Fast forward several years – people who came here from California realized the climate sucked (compared to Southern CA), a lot of WFH got recalled, Zillow stopped buying homes and OpenDoor shifted their strategies and stopped shoveling cash at homeowners.
Unlike other cities Manhattan had flat prices from 2015-2025. Finally going up it seems.
See that San Francisco swing toward increasing prices? See that Austin swing in the opposite direction? Know what that means?
Absolutely nothing, except that those are two very dynamic markets. Ignore any related culture war narratives.