U.S. House Price Index Report - 2025 Q1

U.S. house prices rose 4.0 percent between the first quarter of 2024 and the first quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the first quarter of 2025 were up 0.7 percent compared to the fourth quarter of 2024. FHFA’s seasonally adjusted monthly index for March was down 0.1 percent from February.

Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. are included in the attachment.

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