How much are home prices up right now?

It varies by market. Across the 43 US metros LOKAL tracks, the median metro is +2.0% year over year as of May 2026 (average +3.1%). Individual metros range from double-digit gains to declines, so check your specific market.

Which markets have the fastest-rising home prices?

As of May 2026, the fastest-rising covered metros year over year include Sarasota, FL (+35.1%), Fort Lauderdale, FL (+15.5%), San Francisco, CA (+14.6%), St. Petersburg, FL (+11.8%), Dallas, TX (+9.5%).

Is year-over-year or month-over-month a better gauge?

Year-over-year is cleaner because it strips out seasonality. Month-over-month is noisier and can swing on a single strong or slow month, so use it only to spot very recent turns.

LOKAL / Guides / How much are home prices up?

Guide · Trends · Updated May 2026

How much are home prices up?

Across the 43 US metros LOKAL tracks, the median metro is up about +2.0% year over year as of May 2026, with an average change of +3.1%. "Home prices are up" is really a range: some markets are climbing double digits while others have slipped below last year. Your metro is what matters — a national average hides both.

Fastest-rising covered metros

Median sale price, year over year, as of May 2026. Open any market for the full breakdown.

Sarasota, FL+35.1%Fort Lauderdale, FL+15.5%San Francisco, CA+14.6%St. Petersburg, FL+11.8%Dallas, TX+9.5%Oakland, CA+8.8%Kansas City, MO+8.3%Houston, TX+8.2%Columbus, OH+6.6%Chicago, IL+6.3%Las Vegas, NV+5.6%Washington, DC+5.1%

Why the "up" number is a range

A single national figure blends hot and cooling markets. As of May 2026, covered medians run from $250K in El Paso, TX to $1.77M in San Francisco, CA — and their year-over-year moves differ just as much. Local supply, jobs and rates drive the spread.

Year-over-year is the cleaner read than month-over-month, which is noisier and seasonal. If you want the trajectory, look at the YoY figure and whether it is accelerating or fading.

Find your metro's exact change

Every LOKAL metro page shows the current median sale price with both month-over-month and year-over-year change, straight from the Redfin Data Center and refreshed monthly. Pick your city to see precisely how much prices are up — or down — where you sell.

Questions

How much are home prices up right now?: It varies by market. Across the 43 US metros LOKAL tracks, the median metro is +2.0% year over year as of May 2026 (average +3.1%). Individual metros range from double-digit gains to declines, so check your specific market.
Which markets have the fastest-rising home prices?: As of May 2026, the fastest-rising covered metros year over year include Sarasota, FL (+35.1%), Fort Lauderdale, FL (+15.5%), San Francisco, CA (+14.6%), St. Petersburg, FL (+11.8%), Dallas, TX (+9.5%).
Is year-over-year or month-over-month a better gauge?: Year-over-year is cleaner because it strips out seasonality. Month-over-month is noisier and can swing on a single strong or slow month, so use it only to spot very recent turns.

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Data: Redfin · Redfin Data Center. Verify against your local MLS before quoting figures.