Overview

• U.S. home prices have more than doubled since 2014, with a typical home now about $440,000 and starter homes nearing $300,000.
• Redfin compiled active listings near $500,000 across multiple metros and published the findings Oct. 2–3, with distribution by Stacker.
• In the Portland and Denver areas, $500,000 can still secure larger single-family homes with three to five bedrooms, sometimes topping 2,500 square feet.
• In San Diego and Los Angeles, the same budget often buys smaller homes or condo units, frequently one to three bedrooms, with larger houses appearing in outlying L.A. communities such as Lancaster and Compton.
• Elevated prices are squeezing buyers and coinciding with sluggish activity, including unusually slow spring and summer buying seasons this year.